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) 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.
Gold Royalty Corp. (GROY) will present at the H.C. Wainwright Spring Mining Conference, scheduled for April 19-20, 2021. CEO David Garofalo will overview the company during the live presentation on April 20 at 12:00 PM ET, followed by one-on-one meetings with registered investors. GROY focuses on acquiring royalties and streams in the metals and mining sector, boasting a diversified portfolio that includes royalties ranging from 0.5% to 2.0% on 18 gold properties across 12 projects in the Americas.
Gold Royalty Corp. (NYSE American: GROY) announced that its agreement to acquire a 1.2% net smelter return royalty on the Séguéla Project has been terminated. The termination resulted from the project owner exercising a right of first refusal to acquire the royalty on matching terms. Despite this setback, the Company maintains a strong balance sheet, holding approximately US$90 million in cash and no debt as of March 30, 2021.
Gold Royalty Corp. (GRC) has announced its agreement to acquire a 1.2% net smelter royalty on the advanced-stage Séguéla Project in Côte d’Ivoire for approximately US$15.5 million. This acquisition will diversify GRC's royalty portfolio and strengthen its position in the gold sector, given the project's significant exploration potential and estimated resources of 1,044,000 ounces of gold. The transaction is expected to close around April 1, 2021, pending certain conditions.
Gold Royalty Corp. (NYSE American: GROY) and GoldMining Inc. (NYSE AMERICAN: GLDG) have completed GRC's initial public offering, issuing 18 million units at US$5.00 per unit, generating gross proceeds of US$90 million. The funds will support GRC's growth and acquisition strategy. GoldMining retains a 49% stake in GRC, holding 20 million shares. Additionally, the underwriters have a 30-day option to purchase over 2.7 million common shares and up to 1.35 million warrants. The shares started trading on NYSE American on March 9, 2021.
Gold Royalty Corp. (GRC) successfully closed its initial public offering, raising US$90.0 million by selling 18,000,000 units at US$5.00 each. The funds will be used to support GRC's growth strategy and general working capital. Trading of common shares began on the NYSE American under ticker GROY on March 9, 2021. Post-offering, GoldMining holds approximately 49.0% of GRC's shares. An additional option for underwriters allows for purchasing up to 2,700,000 common shares and 1,350,000 warrants within 30 days.
GoldMining Inc. and its subsidiary, Gold Royalty Corp. (GRC), announced the filing of a final prospectus for GRC's initial public offering of 18 million units at $5.00 each, expected to close on March 11, 2021. The offering will generate approximately $90 million in gross proceeds. Each unit includes one common share and a half warrant, with full warrants priced at $7.50 per common share for three years. Following the offering, GoldMining will hold about 49% of GRC. Trading is set to commence on the NYSE American on March 9, 2021.
GoldMining Inc. announced that its subsidiary, Gold Royalty Corp. (GRC), has filed a final prospectus for an IPO, offering 18 million units at US$5.00 each, aiming for gross proceeds of approximately US$90 million. Each unit comprises one common share and one-half warrant, with full warrants priced at US$7.50, valid for three years. Shares and warrants are set to begin trading on NYSE American under symbols 'GROY' and 'GROY WS' on March 9, 2021, with the offering expected to close on March 11, 2021. GoldMining will retain about 49% of GRC post-offering.