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Gold Royalty Corp. - $GROY STOCK NEWS

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 company that offers creative financing solutions to the metals and mining industry. The company's mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for shareholders.

The company’s core business involves the acquisition of royalties, streams, and similar interests at various stages of the mine life cycle. Gold Royalty Corp’s portfolio primarily consists of net smelter return (NSR) royalties on gold properties located throughout the Americas. This diversified portfolio not only mitigates risk but also positions the company to benefit from various mining operations and projects.

In recent developments, Gold Royalty Corp announced a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. This partnership provides both parties the ability to co-invest in specific precious metals royalties and streams sourced by each other, enhancing their ability to pursue high-quality investments and gain access to new geographic regions.

Financially, the company has achieved significant milestones. In the first quarter of 2024, Gold Royalty Corp generated positive operating cash flow for the first time, driven by recent acquisitions and a peer-leading long-term growth outlook. Key contributors to this achievement include the Côté Gold Mine, the Odyssey Mine, and other flagship royalties.

Gold Royalty Corp. continues to strengthen its portfolio through strategic acquisitions. It recently secured a copper stream in respect of the Vares Silver Project, operated by a subsidiary of Adriatic Metals plc. This acquisition is expected to boost the company's total revenue and gold equivalent ounces (GEOs) in 2024 significantly.

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GoldMining Inc. has reduced the existing third-party royalty on its Crucero gold project in Peru, significantly enhancing the potential value of the property. The company paid US$70,000 to Compañía de Minas Buenaventura S.A.A. to amend and reduce the royalty to a 3% net smelter return (NSR) and has the option to further reduce it to a 1% NSR by making an additional payment of US$200,000 over the next 10 years. The Crucero Project is located in Peru and boasts significant mineral resource estimates, indicating the company's commitment to unlocking value from its portfolio of resource-stage gold and gold-copper projects in the Americas.

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Gold Royalty Corp. (GROY) has formed a strategic alliance with Taurus Mining Royalty Fund L.P., enabling both parties to coinvest in precious metals royalties and streams. The agreement allows for investments in asset transactions valued at US$30 million or more, with rights of first offer for future dispositions. This partnership expands Gold Royalty's investment opportunities and geographic reach, enhancing their M&A capabilities.
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Gold Royalty Corp. announces record total revenue, land agreement proceeds, and interest in the first quarter of 2024, driven by cornerstone royalties and recent acquisitions. The company recorded $4.2 million in total revenue, with a 112% increase from the previous year, and is on track to meet its forecasted 2024 revenue of $10.0 to 11.2 million. The company's unique royalty generator model added $2.1 million in land agreement proceeds, and strong commodity prices are expected to drive growth throughout 2024.
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Gold Royalty Corp. announces Glenn Mullan stepping down as a director of the company. The news was released on April 20, 2024.
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The Mining Investment Event of the North welcomes Quebec Minister Maïté Blanchette Vézina as Keynote Speaker for 2024. The event features panels, keynotes, and networking sessions with industry leaders. Participating companies include various mining and exploration firms.
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Gold Royalty Corp. announces IAMGOLD's successful first gold pour at the Côté Gold Mine in Ontario, Canada. Gold Royalty holds a 0.75% NSR royalty over the southern portion of the mine, expecting significant revenue growth in 2024. IAMGOLD targets commercial production in the third quarter with a production guidance of 220,000 to 290,000 ounces of gold.
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Gold Royalty Corp. reports significant growth in 2023 with a strong outlook for 2024. The company's revenue increased to $3.0 million, while net loss stood at $26.8 million. Operating cash flow is expected to be positive in 2024 with a forecasted 100% growth in gold equivalent ounces. Several acquisitions in 2023, including Borborema and Cozamin royalties, are set to boost revenue. Core assets like Côté and Odyssey are progressing well, contributing to industry-leading revenue growth. The company's recurring cash operating expenses are expected to remain stable in 2024.
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GoldMining Inc. announces the filing of its annual financial statements, management's discussion and analysis, and annual report for the year ended November 30, 2023. The filings provide insights into the company's financial position, operations, and projects.
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Gold Royalty Corp. to release financial results for 2023, investor webcast scheduled. Reminder issued for warrants expiration.
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GoldMining Inc. reports positive assay results from its subsidiary, U.S. GoldMining, confirming continuity of high-grade core at the Whistler Gold-Copper Project in Alaska. The program resulted in 547 meters at 1.06 g/t Gold Equivalent, including 176 meters at 1.55 g/t Gold Equivalent. The company holds $129 million in cash and publicly traded equities, and the CEO is optimistic about future strategic initiatives.
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FAQ

What is Gold Royalty Corp's primary business?

Gold Royalty Corp. specializes in acquiring royalties, streams, and similar interests in the metals and mining industry, focusing primarily on gold properties.

Where are Gold Royalty Corp's properties located?

The company's diversified portfolio consists mainly of net smelter return royalties on gold properties located in the Americas.

What recent partnerships has Gold Royalty Corp. entered into?

Gold Royalty Corp. recently entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. to co-invest in specific precious metals royalties and streams.

How did Gold Royalty Corp perform financially in the first quarter of 2024?

In the first quarter of 2024, the company generated positive operating cash flow for the first time, driven by recent acquisitions and its royalty generator model.

What are some key assets in Gold Royalty Corp's portfolio?

Key assets include the Odyssey Mine, Côté Gold Mine, and the newly acquired Vares Silver Project.

What is the significance of the Vares Silver Project acquisition?

The acquisition of the Vares Silver Project is expected to significantly enhance Gold Royalty Corp's total revenue and gold equivalent ounces (GEOs) in 2024.

Does Gold Royalty Corp focus only on gold?

While Gold Royalty Corp primarily focuses on gold, it also invests in other precious metals through its diversified royalty and streaming portfolio.

What is the company's approach to sustainability?

Gold Royalty Corp. is committed to investing in high-quality, sustainable, and responsible mining operations to generate long-term returns for shareholders.

What future projects is Gold Royalty Corp involved in?

Future projects include further development of the Odyssey Mine, ramp-up of production at the Côté Gold Mine, and continued exploration at various properties under lease agreements.

How does Gold Royalty Corp. mitigate investment risks?

The company mitigates risks through a diversified portfolio of royalty and streaming interests, strategic partnerships, and continuous monitoring of market conditions and project developments.

Gold Royalty Corp.

NYSE:GROY

GROY Rankings

GROY Stock Data

249.95M
81.71M
29.38%
8.83%
1.38%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About GROY

gold royalty corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. gold royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the americas. nyse: groy