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 announced the initiation of a quarterly dividend program, declaring a cash dividend of US$0.01 per common share. This inaugural dividend will be paid on March 31, 2022, to shareholders of record on March 15, 2022. The company's portfolio has expanded from 17 to over 190 royalties, enhancing its growth profile. The dividend represents a significant milestone, reflecting the company’s rapid growth since its IPO in March 2021.
Gold Royalty Corp. (NYSE American: GROY) has initiated a formal offer to acquire Elemental Royalties Corp. (TSX-V: ELE). The offer values Elemental at C$1.78 per share, presenting a 37% premium based on its share price prior to the announcement. The acquisition aims to create a portfolio of 200 strategic royalties, enhancing liquidity and growth potential for shareholders. Gold Royalty’s strong balance sheet, with US$37 million in cash and no debt, supports future growth. An investor call is scheduled for January 12, 2022, to discuss the offer.
Gold Royalty Corp. (NYSE American: GROY) announced its intention to acquire all outstanding common shares of Elemental Royalties Corp. (TSXV: ELE) at a value of C$1.78 per share, representing a 37% premium based on December 17, 2021 closing figures. The total equity value of Elemental is approximately C$130 million. This acquisition aims to create a diversified portfolio of 200 strategic royalties, enhancing trading liquidity and benefiting from Gold Royalty's strong balance sheet with US$30 million in cash. The transaction is expected to be completed in 105 days, subject to customary conditions.
Gold Royalty Corp. (NYSE American: GROY) provided a comprehensive update on its royalty portfolio, highlighting advancements in producing and development projects. Key updates include:
- Canadian Malartic's Odyssey Project is advancing with ramp and shaft construction ahead of schedule and under budget.
- Wallbridge Mining's Fenelon Gold Project reported a maiden resource estimate of 2.13 million ounces Indicated and 1.47 million ounces Inferred.
- Barrick's REN Project shows significant discovery potential, with drill results indicating upside for short-term production.
Gold Royalty Corp. (GROY) will host a Town Hall Meeting on November 15, 2021 at 12:00 pm EST. CEO David Garofalo and Chief Development Officer John Griffith will update stakeholders on the recent combination with Abitibi Royalties and Golden Valley Mines and Royalties. The meeting will include a Q&A session for shareholders to engage with management. Gold Royalty focuses on acquiring royalties and streams throughout the mining lifecycle, aiming for attractive returns with a diversified portfolio of net smelter return royalties on gold properties in the Americas.
Gold Royalty Corp. (NYSE American: GROY) has successfully completed business combinations with Abitibi Royalties and Golden Valley Mines and Royalties Ltd. This consolidation enhances Gold Royalty's portfolio, including a prominent royalty over the Canadian Malartic mine. As of November 4, 2021, Gold Royalty holds approximately US$45 million in cash and marketable securities. The transactions result in the acquisition of 61,104,200 Gold Royalty Shares and will lead to the delisting of Golden Valley and Abitibi shares from the TSX Venture Exchange as of November 5, 2021.
Gold Royalty Corp. (NYSE American: GROY) announced an update on its royalty interests, highlighting growth from cash-flowing and development-stage assets. The company will have six royalty interests from five producing mines, including Jerritt Canyon and Canadian Malartic. Jerritt Canyon shows significant exploration potential under First Majestic Silver's ownership. The Isabella Pearl Mine is among the lowest-cost producers globally, enhancing cash flow prospects. Additionally, several projects in the feasibility stage could introduce new cash flow within the medium to long term.
Gold Royalty Corp. (NYSE American: GROY) will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO David Garofalo will discuss the company's business during a live presentation and engage in one-on-one meetings with registered investors. Interested institutional investors can attend the presentation virtually or listen online starting September 13 at 7:00 AM ET. Gold Royalty focuses on acquiring royalties and streams in the mining sector, primarily in the Americas, aiming for attractive returns for investors.
Gold Royalty Corp. (GROY) has signed a commitment letter with the Bank of Montreal for a fully underwritten US$10 million revolving credit facility, expandable to US$25 million. This facility aims to enhance the company's financial flexibility for corporate purposes and investments. Expected to close by September 30, 2021, the facility has a maturity date of December 31, 2022. CFO Josephine Man expressed optimism about the facility's contribution to strengthening GROY's balance sheet and supporting its diversified royalty portfolio.
Gold Royalty Corp. (GROY) announced a C$2 million private placement investment for a 12.5% stake in Prospector Royalty Corp. (PRC). This strategic alliance includes a royalty referral arrangement, allowing GROY access to PRC's proprietary royalty database. CEO David Garofalo expressed optimism about leveraging PRC's capabilities to enhance GROY's royalty generation. The investment aims to align both companies for mutual growth. Tim Young, a seasoned prospector, joins GROY's Advisory Board, further strengthening the company's position in the market.