Gold Royalty Corp Stock Price, News & Analysis

Gold Royalty Corp. (GROY) reported operating and financial results for the three-month transition period ending December 31, 2022, showing an 11% revenue increase to $1.1 million. The company forecasts total revenues between $5.5 million and $6.5 million for 2023 and holds $35 million in liquidity. GROY declared its fifth consecutive quarterly dividend, yielding over 1.8%. The company is preparing for growth with projects like Odyssey ramping up production in 2023 and Côté projected to start in 2024. Challenges include a net loss of $2.2 million for Q4 2022, down from $6.8 million the prior year.

GoldMining Inc. (NYSE American: GLDG) announced the filing of its annual financial statements for the year ending November 30, 2022. The filings include management's discussion and analysis, annual information form, and Form 40-F, which detail the company's financial position and operations. Shareholders can access these documents on SEDAR and EDGAR. GoldMining focuses on acquiring and developing gold assets across the Americas, holding a diverse portfolio of projects in Canada, the U.S., Brazil, Colombia, and Peru. Notably, the company owns over 21 million shares of Gold Royalty Corp. (NYSE American: GROY).

GoldMining Inc. has announced that its subsidiary, U.S. GoldMining Inc., has filed a registration statement for its initial public offering (IPO) of up to 2,000,000 units at $10.00 each. Each unit consists of one common share and one warrant to buy an additional share at $13.00 for three years. The IPO is underwritten by H.C. Wainwright & Co. and BMO Capital Markets. The registration statement has been submitted to the U.S. Securities and Exchange Commission and will only be valid once it becomes effective. GoldMining also holds over 21 million shares of Gold Royalty Corp. (GROY).

Gold Royalty Corp. (AMEX: GROY) will report its quarterly financial results for the period ending December 31, 2022, on March 27, 2023, after market close. The Company is also changing its fiscal year end to December 31, starting in 2023. An investor webcast is scheduled for March 28, 2023, at 11:00 am ET to discuss these results and recent developments. Gold Royalty focuses on investing in sustainable mining operations and currently holds a diversified portfolio of net smelter return royalties primarily in the Americas, aiming to deliver long-term value for shareholders.

Gold Royalty Corp. (AMEX:GROY) has announced a cash dividend of US$0.01 per common share for Q1 2023, payable on April 13, 2023 to shareholders on record by March 31, 2023. The dividend is eligible under the Income Tax Act of Canada and is subject to withholding tax for non-resident shareholders. Additionally, a dividend reinvestment plan (DRIP) has been introduced, allowing shareholders to reinvest dividends into additional shares at a 3% discount. Enrollment in this plan must be completed by March 24, 2023. The company's financial decisions regarding dividends will depend on its financial health and capital allocation.

Gold Royalty Corp. (AMEX: GROY) announced the expansion of its secured revolving credit facility from US$25 million to US$35 million, facilitated by the Bank of Montreal and the National Bank of Canada. The credit facility consists of US$20 million secured, plus an accordion feature allowing an additional US$15 million, with a maturity date of March 31, 2025. This move enhances the company's liquidity for acquisitions and investments. Additionally, Gold Royalty has joined the United Nations Global Compact, committing to corporate sustainability initiatives aligned with global standards.

GoldMining has reported an updated Mineral Resource Estimate (MRE) for its La Mina Project in Colombia, significantly enhancing its resource base. The new estimate includes approx. 1.0 million oz AuEq in the Inferred category and 0.2 million oz AuEq in the Indicated category. The total Indicated resources now stand at 1.15 million oz AuEq, while Inferred resources are at 1.45 million oz AuEq. The La Garrucha deposit alone contributed significantly to this increase. The drill program was conducted at a cost of under US$1.2 million, showcasing efficient resource acquisition. The company anticipates updating the Preliminary Economic Assessment for La Mina in mid-2023.

Gold Royalty Corp. (NYSE American: GROY) will participate in Renmark Financial Communications' live Virtual Non-Deal Roadshow Series on January 19 and 26, 2023. The events aim to engage stakeholders and investors, showcasing recent operating results and key developments in the company's portfolio. Presenters will include CEO David Garofalo and Manager Peter Behncke, followed by a live Q&A session. Interested parties can register for the events, with replays available on the company's website. This initiative underscores Gold Royalty's commitment to transparency and investor engagement.

GoldMining Inc. (GLDG) has entered into a Distribution Agreement for a new at-the-market equity program to raise up to US$50 million. This program replaces a previous one expiring January 1, 2023, and allows the company to sell common shares at market price. The proceeds will fund exploration, development, acquisitions, and working capital. The new program takes effect upon filing a prospectus supplement and will terminate upon reaching sales of US$50 million or on November 27, 2023, whichever comes first.