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.
Gold Royalty Corp. (NYSE American: GROY) has entered an agreement with Nevada Gold Mines LLC to acquire royalties worth US$27,500,000. The acquisition includes a 10% Net Profits Interest (NPI) on the Granite Creek Mine and two Net Smelter Return (NSR) royalties on the Bald Mountain Mine. The transaction involves issuing 9,393,681 common shares to NGM. Gold Royalty aims to enhance its royalty portfolio in Nevada, recognized as a top mining jurisdiction. Closing is expected by the end of the current quarter.
Gold Royalty Corp. (NYSE: GROY) announced its third quarterly cash dividend of US$0.01 per common share, payable on September 30, 2022, to shareholders of record as of September 20, 2022. The dividend qualifies as an ‘eligible’ dividend under Canada’s Income Tax Act, subject to withholding tax for non-resident shareholders. This program envisions quarterly dividends at the board's discretion, influenced by the company's financial condition. Gold Royalty focuses on acquiring royalties and streams in the metals and mining sector to provide attractive returns for investors.
Gold Royalty Corp. (NYSE American: GROY) reported record revenues for Q3 of $1.9 million and $3.1 million for the nine months ending June 30, 2022. Projected revenue guidance for the fiscal year is approximately $5 million, supported by production at Beaufor and the Beacon Mill. The company holds 198 royalties in premier mining jurisdictions and has cash and equivalents of $17.1 million as of June 30, 2022. An 'at-the-market' equity program is set to raise up to $50 million for growth and acquisition initiatives.
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.