Gold Royalty Completes Pedra Branca Royalty Acquisition

Rhea-AI Summary

Gold Royalty (NYSE American: GROY) announced on December 12, 2025 that it has completed the acquisition of a royalty on the Pedra Branca copper and gold mine.

The Royalty comprises a 25% NSR on gold and a 2% NSR on copper and other products, and covers the Pedra Branca West and Pedra Branca East areas; the former Antas North mine is reported as fully depleted. The mine is currently owned and operated by a subsidiary of BHP Group.

Positive

• 25% NSR on gold acquired
• 2% NSR on copper and other products acquired
• Royalty covers Pedra Branca West and East

Negative

• Antas North is fully depleted

Key Figures

Gold royalty rate 25% NSR Royalty on gold production from Pedra Branca mine

Copper royalty rate 2% NSR Royalty on copper and other products from Pedra Branca mine

Market Reality Check

$4.10 Last Close

Volume Volume 4,020,797 is 4% above the 20-day average of 3,873,843 shares, indicating slightly elevated interest before this news. normal

Technical Price at $4.10 is trading above the 200-day MA of $2.65, and about 8.69% below the 52-week high of $4.49.

Peers on Argus

GROY gained 1.49% while key gold peers were also up, including ODV (8.33%), GAU (5.04%) and CMCL (4.49%), but no sector-wide momentum signal was triggered.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 10	Acquisition call	Positive	-1.0%	Conference call scheduled to discuss Pedra Branca royalty acquisition.
Dec 08	Equity financing	Negative	-9.2%	Upsized bought deal equity financing to fund corporate purposes.
Dec 08	Equity financing	Negative	-9.2%	US$70M bought deal share offering to fund Pedra Branca royalty.
Dec 08	Royalty acquisition	Positive	-9.2%	Agreement to acquire producing Pedra Branca gold and copper royalty.
Nov 25	Credit facility update	Positive	+3.9%	Upsized revolver and eliminated US$40M convertible debentures.

Pattern Detected

Recent news shows mixed alignment: positive strategic/acquisition headlines sometimes met with negative price reactions, while financing and balance sheet actions have generally aligned with market moves.

Recent Company History

This announcement completes the Pedra Branca royalty acquisition first disclosed on Dec 8, 2025, when GROY agreed to buy the royalty and simultaneously launched equity financings that saw shares drop about 9.18%. A later conference-call notice on Dec 10 also coincided with a modest -0.98% move. Earlier, on Nov 25, 2025, the company upsized its revolving credit facility to support growth and eliminated $40 million of debentures, which was followed by a 3.92% gain, highlighting investor support for balance-sheet strengthening.

Market Pulse Summary

This announcement confirms closing of the Pedra Branca royalty acquisition, securing a 25% NSR on gold and 2% NSR on copper from an operating mine. It follows December financings and prior disclosure of the deal terms. Historically, GROY’s Pedra Branca-related news has produced sharp moves, both positive and negative, so investors may focus on how this royalty contributes to cash flow versus the recent share issuance. Key metrics to watch include royalty revenues and any further balance sheet actions.

Key Terms

nsr financial

"The Royalty consists of a 25% NSR on gold and a 2% NSR on copper..."

NSR, or Net Service Revenue, is the total income a company earns from its core services after subtracting any discounts, refunds, or allowances. It reflects the actual money coming in from the main operations, similar to how a store’s sales revenue shows what it gains from selling products, minus returns or discounts. For investors, NSR provides a clearer picture of a company's true earning power from its primary business activities.

AI-generated analysis. Not financial advice.

VANCOUVER, BC, Dec. 12, 2025 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that, further to its news release dated December 8, 2025, it has completed its acquisition of a royalty (the "Royalty") on the Pedra Branca operating copper and gold mine ("Pedra Branca"), currently owned and operated by a subsidiary of BHP Group Limited (the "Transaction").

The Royalty consists of a 25% NSR on gold and a 2% NSR on copper and other products produced from the Pedra Branca mine, comprising the Pedra Branca West and Pedra Branca East areas, and the former Antas North mine which has been fully depleted.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

View original content:https://www.prnewswire.com/news-releases/gold-royalty-completes-pedra-branca-royalty-acquisition-302640000.html

SOURCE Gold Royalty Corp.

FAQ

When did Gold Royalty (GROY) complete the Pedra Branca royalty acquisition?

Gold Royalty completed the acquisition on December 12, 2025.

What royalty percentages did Gold Royalty (GROY) acquire on Pedra Branca gold and copper?

The Royalty is a 25% NSR on gold and a 2% NSR on copper and other products.

Who currently owns and operates the Pedra Branca mine referenced by Gold Royalty (GROY)?

The Pedra Branca mine is owned and operated by a subsidiary of BHP Group.

Which areas of the Pedra Branca mine are covered by Gold Royalty's acquisition?

The Royalty comprises the Pedra Branca West and Pedra Branca East areas and references the former Antas North mine.

Does the Pedra Branca royalty acquisition include Antas North production for Gold Royalty (GROY)?

The former Antas North mine is noted as fully depleted, so it is not an ongoing production source.

Did Gold Royalty (GROY) disclose purchase price or financial terms for the Pedra Branca royalty in the announcement?

No purchase price or other financial terms were disclosed in the completion announcement.