Welcome to our dedicated page for Gold Royalty news (Ticker: GROY), a resource for investors and traders seeking the latest updates and insights on Gold Royalty stock.
Gold Royalty Corp. reports developments in its gold-focused royalty, streaming and similar interests business. Company news centers on operating and financial results, gold equivalent ounce measures, revenue from royalty and streaming interests, land agreement proceeds, and updates from operators of assets in its portfolio.
Recurring announcements also cover royalty acquisitions and portfolio growth, capital-structure items such as revolving credit facility capacity, material agreements, and governance matters. Gold Royalty’s disclosures reflect a metals and mining financing model tied to royalties, streams, mineral interests and related asset-level performance across multiple jurisdictions.
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.
Gold Royalty Corp. (NYSE American: GROY) reported strong financial results for the fiscal year ending September 30, 2022, achieving total revenues of $5.7 million from its royalty generation program. This surpassed the initial guidance of $5.0 million. The company also recorded a significant increase in Gold Equivalent Ounces (GEOs), totaling 2,156 for the year. Additionally, it completed acquisitions and expanded its portfolio to 216 royalties. Gold Royalty plans to publish its inaugural Asset Handbook and ESG Report in 2023, optimizing its fiscal year ending to align with industry peers.
Gold Royalty Corp. (NYSE American: GROY) announced a deal with Val-d'Or Mining Corporation to sell and generate royalties on 12 properties in Québec and Ontario. The Company retains a 0.5% to 1.0% NSR royalty on these properties and a 1.5% NSR on certain joint venture properties. Additionally, a strategic alliance with International Prospect Ventures grants Gold Royalty a right of first refusal on royalties in Australia. Currently, Gold Royalty holds a 35% stake in Val-d'Or and 11% in International Prospect Ventures, aiming to enhance its portfolio and revenue streams.
Gold Royalty Corp. (NYSE American: GROY) announced its fourth quarterly cash dividend of US$0.01 per common share on November 22, 2022. This dividend will be paid on December 30, 2022 to shareholders of record as of December 15, 2022. The dividend is categorized as an "eligible" dividend under the Canadian Income Tax Act, subject to standard Canadian withholding tax for non-residents. The company will continue a quarterly dividend program based on financial condition and capital allocation plans.
Gold Royalty Corp. (NYSE American: GROY) announced an Investor Webcast on November 22 at 8:00 AM PST. CEO David Garofalo and other executives will discuss the Company’s royalty portfolio, focusing on recent catalysts affecting their assets. The session will include a question-and-answer segment for stakeholders. Gold Royalty specializes in acquiring royalties and streams within the metals and mining sector, with a diversified portfolio primarily consisting of net smelter return royalties on gold properties across the Americas.
GoldMining has announced positive assay results from the LME1111 drill hole at its La Garrucha target in Colombia. The results include significant intersections, such as 251.46 m averaging 0.60 g/t Au and 0.08% Cu. The drilling program has extended the mineralized porphyry system, now measuring over 400 m in strike length and 300 m in width, with mineralization reaching depths of approximately 775 m. An updated mineral resource estimate for the La Mina Project is expected in Q4 2022, with plans for a Preliminary Economic Assessment in 2023.
Gold Royalty Corp. (NYSE American: GROY) has completed its acquisition of a royalty portfolio from Nevada Gold Mines LLC for US$27.5 million. The deal includes a 10% net profits interest royalty on the Granite Creek Mine, a 2.00% net smelter return royalty on the Bald Mountain Mine, and a 1.25% NSR on the Bald Mountain Joint Venture Zone. The acquisition was funded by issuing 9,393,681 common shares to NGM at a deemed price of approximately US$2.93 per share, enhancing Gold Royalty's portfolio of gold properties in the Americas.
Gold Royalty Corp. (GROY) announced an extension of its $25 million secured revolving credit facility with Bank of Montreal to March 31, 2025. The facility includes a $10 million revolving credit and a potential $15 million accordion feature for additional liquidity. CFO Josephine Man emphasized the competitive terms and the facility's support for the company's growth through strategic acquisitions. The facility can be used for general corporate purposes and has interest rates tied to the Base Rate or Adjusted Term SOFR.