Gold Royalty Corp Stock Price, News & Analysis

Gold Royalty Corp. (GROY) reported record revenues of $0.6 million for Q2 2022, totaling $1.2 million for the first half. The company anticipates approximately $5 million in revenue for its first full fiscal year, driven by expansions at the Canadian Malartic Mine, and the Côté and Beaufor mines. A dividend yielding over 1% was announced alongside liquidity of $25.1 million. The firm has expanded its royalty portfolio to 195 projects across North America. A Town Hall Meeting is scheduled for May 25 to discuss these results and future developments.

Gold Royalty Corp. (GROY) announced the expiry of its offer to acquire Elemental Royalties Corp. due to unmet conditions, resulting in the termination of the deal. No shares will be taken up, and those deposited will be returned. CEO David Garofalo reiterated the company’s commitment to pursuing value-enhancing acquisitions while maintaining focus on their existing portfolio, which they believe can deliver strong cash flow growth in the upcoming years.

Gold Royalty Corp. (NYSE: GROY) has extended the expiry date for its offer to acquire Elemental Royalties Corp. (TSXV: ELE) to May 12, 2022. This extension allows Elemental shareholders more time to evaluate the offer. Despite previous outreach attempts to engage Elemental’s board, negotiations remain unproductive. The offer's acceptance is conditional on receiving over 50% of Elemental's outstanding shares, and Gold Royalty has no plans for further extensions. For details, shareholders are encouraged to review the Offer Documents available on SEDAR.

Gold Royalty Corp. (NYSE American: GROY) announced key regulatory approvals for its offer to acquire Elemental Royalties Corp. (TSXV: ELE). The company received a 'no action' letter from Australia's Foreign Investment Review Board, indicating no restrictions under the Foreign Acquisitions and Takeovers Act. Furthermore, a pre-merger notification under the Competition Act (Canada) is deemed unnecessary. The revised Offer remains open until April 27, 2022. Additional details, including updated financial statements, are available in the Offer Documents.

Gold Royalty Corp. (NYSE: GROY) has finalized its transaction with Monarch Mining Corporation, involving C$4.5 million in additional royalty financing. This deal enhances Gold Royalty's existing royalties, increasing the Per Tonne Royalty on material from the Beaufor Mine to C$3.75/t. Additionally, Net Smelter Return royalties rise from 2.50% to 2.75% on several properties. Gold Royalty also participated in Monarch's private placement, acquiring 1,666,667 units at C$0.60 each, with warrants for future share acquisition.

GoldMining Inc. (GLDG) announces a letter from Chairman Amir Adnani detailing significant advancements and shareholder value from its asset portfolio. With $120 million in cash and securities, GoldMining expects annual dividend cash flow of $1 million from its 20 million shares in Gold Royalty Corp (GROY). The creation of U.S. GoldMining focuses on the Whistler gold-copper Project, projected to attract major mining companies. Additionally, a recent PEA at the La Mina Project suggests a net present value of $232 million. The company continues strengthening its management and technical teams, aiming to enhance project economics.

Gold Royalty Corp. (NYSE American: GROY) issued a letter to Elemental Royalties Corp. shareholders, asserting that a merger is the superior option. The letter highlights Elemental's lackluster strategic review and recent capital raising at C$1.51 per share, below Gold Royalty's C$1.78 offer. It emphasizes the benefits of the merger, including a portfolio of over 200 royalties, projected revenues of US$18 million in 2023, increasing to US$40 million by 2027, enhanced liquidity, and a sustainable dividend. Additionally, Gold Royalty secured a commitment to upsize its credit facility to US$40 million.

Gold Royalty Corp. (NYSE: GROY) announced a definitive agreement with Monarch Mining Corporation (TSX: GBAR, OTCQX: GBARF) for C$4.5 million in royalty financing, enhancing their existing gold royalty interests. This includes raising the per tonne royalty on the Beaufor Mine and increasing net smelter return royalties to 2.75% for several properties. The deal also eliminates existing buyback rights and retains pre-emptive rights for future royalties. The transaction, to be completed by April 2022, aims to enhance cash flow as Monarch plans to restart production at the Beaufor Mine in June 2022.

Gold Royalty Corp. (NYSE American: GROY) has announced its inaugural quarterly cash dividend of US$0.01 per common share, scheduled for payment on March 31, 2022. Shareholders of record as of March 15, 2022 will receive this dividend. The company continues to focus on acquiring high-quality precious metals royalty assets, including a recent acquisition in the Côté Gold Project, expanding its portfolio to 28 royalties. The dividend qualifies as an 'eligible' dividend under the Income Tax Act in Canada and is subject to withholding tax for non-residents.