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. (NYSE American: GROY) is a gold-focused royalty and mineral streaming company that regularly publishes news about its royalty portfolio, financing activities and corporate developments. The company’s disclosures emphasize investments in net smelter return royalties on gold properties in the Americas, along with selected exposure to copper and other products through specific agreements.
News items for Gold Royalty often center on new royalty acquisitions and expansions. Recent examples include an agreement to acquire an additional NSR royalty on the Borborema gold mine in Brazil, operated by Aura Minerals Inc., and an agreement to acquire an existing royalty on the operating Pedra Branca copper and gold mine in Brazil from BlackRock World Mining Trust plc. These announcements provide detail on royalty terms, counterparties and the underlying mines.
Investors following GROY news can also expect updates on equity financings and credit facilities that support the company’s acquisition strategy. Gold Royalty has reported bought deal public offerings of common shares intended to fund royalty purchases, as well as amendments to an upsized revolving credit facility and the early redemption and conversion of convertible debentures. Such releases outline how the company structures its capital to pursue growth in its royalty and streaming portfolio.
In addition, Gold Royalty’s news flow includes corporate and regulatory updates that are later furnished on Form 6-K, such as press releases incorporated by reference into its U.S. registration statements. For users tracking GROY, this news page offers a centralized view of transaction announcements, financing developments and other material information related to the company’s royalty business.
Gold Royalty Corp. (NYSE American: GROY) will announce its 2022 Q3 financial and operating results on August 15, 2022, after market close. An investor webcast is scheduled for August 18, 2022, at 11:00 am ET to discuss the results and recent catalysts affecting its royalty assets. The company aims to offer creative financing solutions in the metals and mining sector, focusing on acquiring royalties and similar interests that provide attractive returns. This diversified portfolio primarily encompasses net smelter return royalties on gold properties across the Americas.
Gold Royalty Corp. (NYSE American: GROY) announced the commencement of royalty payments from Newmont Corporation for its Borden Lake net smelter return (NSR) royalty. The Company has received approximately $1.4 million in back payments following confirmed mining activity at Newmont's Borden Mine in Ontario, Canada. The 0.50% NSR covers certain claims within a five-kilometer area of interest. The Borden Mine, operational since 2019, is noted for its environmentally friendly practices and is expected to produce over 100,000 ounces of gold annually.
GoldMining announced positive initial assay results from its ongoing drilling program at the La Garrucha target in Antioquia, Colombia, part of the La Mina project. The initial assays from drill holes LME1107 and LME1108 indicate significant mineralization, with LME1107 showing 207.95 m at 0.62 g/t AuEq and LME1108 reporting 345.54 m at 0.74 g/t AuEq. The drilling confirms the extension of porphyry-style mineralization, suggesting further resource potential. The project aims to enhance the company's gold and copper portfolio across the Americas.
Gold Royalty Corp. (NYSE American: GROY) has declared its second quarterly cash dividend of US$0.01 per common share, payable on June 30, 2022, to shareholders of record by June 20, 2022. This dividend qualifies as an 'eligible' dividend under the Income Tax Act of Canada and will be subject to necessary withholding tax for non-resident shareholders. The board of directors will evaluate future dividends based on financial conditions and capital allocation. Additionally, a Town Hall Meeting is scheduled for May 25 to discuss Q2 financial results.
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.