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. (GROY) has successfully completed its business combination with Ely Gold Royalties Inc. (ELYGF), establishing a significant player in the precious metals royalty sector. The transaction involved acquiring all Ely Gold common shares, resulting in Ely Gold becoming a wholly-owned subsidiary of GRC. GRC now boasts four producing royalties and numerous assets at different development stages, enhancing its portfolio and cash flow. This merger aligns with GRC's strategy to consolidate its position in the royalty space and create shareholder value.
Ely Gold Royalties Inc. (TSXV: ELY) and Gold Royalty Corp. (NYSE American: GROY) have announced the overwhelming approval of their business combination by Ely Gold Shareholders on August 17, 2021. The Arrangement Resolution received 99.52% approval, with significant support from shareholders. Under the Arrangement, GRC will acquire Ely Gold Shares, enabling shareholders to receive GRC Common Shares or a cash alternative. The deal is pending final approval from the Supreme Court of British Columbia, with completion anticipated around August 23, 2021.
Gold Royalty Corp. (NYSE American: GROY) and Ely Gold Royalties Inc. (TSXV: ELY; OTCQX: ELYGF) are hosting a Town Hall Meeting on August 10, 2021, at 11:00 am EST. The meeting will feature updates on their recent merger transaction announced on June 21, 2021. CEOs Trey Wasser and David Garofalo will present and answer shareholder questions. Ely Gold focuses on gold royalties, offering exposure to gold prices, while Gold Royalty provides creative financing solutions in the mining sector.
Gold Royalty Corp. (NYSE American: GROY) has successfully acquired five gold royalty interests from Monarch Mining Corporation (TSX: GBAR, OTCQX: GBARF). The acquisition, valued at C$11.25 million upfront plus an additional C$3.75 million after six months, includes a C$2.50 per tonne royalty on material processed at Monarch's Beacon mill from Beaufor mine, a 2.5% net smelter return (NSR) on three properties, and a 1% NSR on the Beaufor property. This strategic acquisition strengthens Gold Royalty's diversified portfolio in the Americas.
Gold Royalty Corp. (GROY) announced an updated Mineral Resource estimate for Monarch Mining's Beaufor Mine in Quebec, Canada, revealing substantial increases. The Measured Resource is now 328,500 tonnes grading 5.7 g/t Au (59,900 ounces) and the Indicated Resource stands at 956,400 tonnes grading 5.2 g/t Au (159,300 ounces), up 136% from previous estimates. An Inferred Resource of 818,900 tonnes at 4.7 g/t Au (122,500 ounces) shows a 307% increase. The 42,500-meter drilling program continues, with plans to reopen the mine by June 2022, potentially enhancing Gold Royalty's investment value.
Gold Royalty Corp. (GROY) has entered into a definitive agreement to acquire gold royalty interests from Monarch Mining Corporation for C$15 million (~US$12 million). The deal includes a C$2.50 per tonne royalty on the Beacon mill and a 2.5% net smelter return on Monarch’s Croinor Gold, McKenzie Break, and Swanson properties, alongside a 1% NSR on the Beaufor property. The transaction is expected to close in August 2021 and aims to enhance Gold Royalty's portfolio while potentially providing near-term cash flow from the Beaufor mine operations.
Gold Royalty Corp. (GROY) has appointed Samuel Mah as Vice President, Evaluations. Mah brings over 24 years of mining industry experience, enhancing the company's management team which collectively boasts 300 years of expertise. This strategic hire follows GROY's merger with Ely Gold Royalties, facilitating a robust portfolio of around 100 precious metals royalties in the Americas. Mah aims to leverage GROY's strong balance sheet to boost net asset value per share for stakeholders.
Gold Royalty Corp. (GROY) and Ely Gold Royalties Inc. will host a joint Town Hall Meeting on June 25, 2021, at 11:00 AM EST. The meeting aims to update shareholders on their recent transaction announced on June 21, 2021, concerning the combination of both companies to form a leading precious metals royalty entity. Trey Wasser, President and CEO of Ely Gold, and David Garofalo, CEO of Gold Royalty, will lead the session, which includes a question-and-answer segment for attendees.
Gold Royalty Corp. (GROY) announced its inclusion in the VanEck Vectors Junior Gold Miners ETF (GDXJ) effective June 11, 2021. This milestone follows GROY's C$292 million proposed acquisition of Ely Gold Royalty, positioning the company for growth in the competitive gold royalty sector. CEO David Garofalo emphasized GROY's strong liquidity and capital market presence, enabling it to compete with larger intermediaries. The company currently holds net smelter return royalties on 18 gold properties across 12 projects in the Americas, aiming to offer attractive returns for investors.
Gold Royalty Corp. (GRC) and Ely Gold Royalties Inc. (Ely Gold) announced a definitive agreement on June 21, 2021, for GRC to acquire all Ely Shares via a statutory plan of arrangement. Shareholders can choose C$1.46 in cash or 0.2450 GRC shares per Ely Share. The deal, creating a larger Americas-focused royalty company, offers a 42% premium to Ely Gold shareholders based on recent trading prices. Shareholder meetings for approval are set for August 2021, with the transaction expected to close in Q3 2021. Both companies plan to leverage their strengths for future growth.
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