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) 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.
Gold Royalty Corp. (NYSE: GROY) has finalized its acquisition of a 0.75% net smelter return royalty on a section of the Côté Gold Project in Ontario, Canada, owned by IAMGOLD Corporation and Sumitomo Metal Mining Co., Ltd. The transaction was valued at US$15.875 million, consisting of US$15 million in cash and the issuance of 207,449 common shares based on a price of US$4.218 per share. This acquisition aims to enhance Gold Royalty's portfolio and provide attractive returns for investors.
Gold Royalty Corp. announced an update revealing significant progress within its royalty portfolio. The construction of the Côté Gold Project is 43% complete, with expected production in late 2023 and an average annual yield of 489,000 ounces over the first five years. The Côté royalty is anticipated to contribute between $1.9 million and $3.1 million to cash flow in 2024 and 2025. Overall, Gold Royalty expects revenues to grow from $7 million in 2022 to $17 million in 2024.
Gold Royalty Corp. (NYSE American: GROY) announced an agreement to acquire a 0.75% net smelter return royalty on IAMGOLD's Côté Gold Project in Ontario for US$15.875 million. This acquisition is expected to enhance Gold Royalty's portfolio of 28 producing and developing royalties in Tier one jurisdictions. The Côté Gold Project is projected to produce 489,000 oz Au annually in its first five years, with commercial production expected in H2 2023. The transaction, funded through cash and common shares, is expected to close by early March 2022.
Gold Royalty Corp. (NYSE American: GROY) will hold a Town Hall Meeting on February 24, 2022 at 8:00 AM PST. CEO David Garofalo and Chief Development Officer John Griffith will update stakeholders on the company's royalty portfolio and recent catalysts affecting its assets. This presentation will be followed by a Q&A session for attendees. Gold Royalty Corp. focuses on acquiring royalties and streams in the gold sector, aiming to build a balanced portfolio that offers attractive returns.
Gold Royalty Corp. (NYSE American: GROY) announced the appointment of Karri Howlett to its board of directors, effective immediately. With over 20 years of experience in ESG, financial diligence, and risk management, Howlett is expected to provide valuable insights to the board. She has held key positions, including director at SaskPower and principal of her own consulting firm since 2006. Gold Royalty aims to grow its portfolio of mining royalties and maintain strong returns for investors.
Gold Royalty Corp. (GROY) announced the results of its annual general meeting held on February 9, 2022, where all six nominated directors were elected. A quorum of 39.722% was present for the vote. Key voting outcomes included David Garofalo receiving 95.73% approval, while Glenn Mullan had 84.56% approval. Additionally, shareholders approved the appointment of PricewaterhouseCoopers LLP as auditors for the upcoming year. Detailed voting results are accessible on SEDAR.
The company focuses on acquiring royalties and streams in the metals and mining industry to ensure attractive returns for its investors.
Gold Royalty Corp. (GROY) will hold its Annual General Meeting of Shareholders virtually on February 9, 2022, at 4:00 p.m. Pacific Time in Vancouver, BC. Shareholders recorded as of December 13, 2021, can vote via proxy until February 7 at 4:00 p.m. Pacific Time. The company is implementing additional safety measures in response to COVID-19. Shareholders can attend and vote through a web-based platform, with detailed instructions provided. The company aims to create a balanced portfolio of royalties and streams in the metals and mining industry.