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) provides innovative financing solutions through gold-focused royalty and streaming agreements in the Americas. This news hub offers investors and industry professionals centralized access to essential updates about the company's financial activities and strategic developments.
Find timely press releases covering quarterly earnings, new royalty acquisitions, and partnership announcements. Our curated collection includes analysis of operational milestones and corporate governance updates, providing comprehensive insights into GROY's market position.
Key content categories feature updates on portfolio expansion, royalty agreement terms, and environmental stewardship initiatives. Track the company's progress in securing sustainable mining partnerships and maintaining low-cost revenue streams through diversified gold assets.
Bookmark this page for streamlined access to GROY's latest developments. Check back regularly to stay informed about strategic moves in the precious metals royalty sector without needing to monitor multiple sources.
Gold Royalty Corp. (NYSE American: GROY) has announced a US$30 million bought deal financing agreement with National Bank Financial and BMO Capital Markets. The deal involves selling 17,442,000 units at US$1.72 per unit, each unit comprising one common share and one warrant. Warrants are exercisable at US$2.25 for 36 months. An over-allotment option is available for up to US$4.5 million. Proceeds will fund part of the US$50 million acquisition of a copper stream from Orion Mine Finance related to the Vares Silver Project in Bosnia and Herzegovina. The offering is set to close around May 31, 2024, pending necessary approvals, and the shares and warrants will be listed on NYSE American.
Gold Royalty announced a binding agreement to acquire a copper stream on the Vares Silver Project from Orion Mine Finance for $50 million. The payment includes $45 million in cash and $5 million in shares. The Vares Stream covers 100% of copper production with ongoing payments at 30% of LME spot copper price, and first production began in February 2024. Commercial production is expected by Q4 2024. The Vares Project, located in Bosnia and Herzegovina, has a projected mine life of 18 years and includes high-quality assets with expansion potential. The acquisition is expected to boost Gold Royalty's revenue and cash flow and benefit from high copper prices. Funding for the acquisition will come from an equity offering and an expanded credit facility with the Bank of Montreal and the National Bank of Canada.
GoldMining announced the voting results of its annual general meeting held on May 16, 2024. The meeting saw a quorum of 32.49% of outstanding shares represented. All nominees listed in the management's information circular dated March 25, 2024, were elected as directors. Significant votes were cast for Amir Adnani (92.02%), David Garofalo (92.07%), Garnet Dawson (94.45%), David Kong (94.26%), Gloria Ballesta (68.38%), Hon. Herb Dhaliwal (94.13%), Mario Bernardo Garnero (94.52%), and Anna Tudela (93.95%). Additionally, PricewaterhouseCoopers LLP was reappointed as the auditor for the ensuing year. Detailed voting results are available on SEDAR+.
Gold Royalty Corp. (GROY) announced its Q1 2024 results, showcasing a record quarterly revenue of $2.9 million, driven by recent acquisitions and flagship royalties. Operating cash flow turned positive at $0.3 million. Cash operating expenses decreased by 10% YoY to $2.3 million. Despite positive revenue and cash flow, the company reported a net loss of $1.4 million, an improvement from a $3.1 million loss in Q1 2023. The company expects continued growth due to high gold prices and key projects like the Côté Gold Mine and the Odyssey Mine progressing well.
GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) released its 2023 Sustainability Report, highlighting a focus on health and safety, community support, environmental initiatives, and diversity. The report showcases efforts to ensure responsible exploration and development practices while creating shared value for local communities. The Company's commitment to sustainability is evident in its approach and goals aligned with the United Nations' Sustainable Development Goals.
FAQ
What is the current stock price of Gold Royalty (GROY)?
What is the market cap of Gold Royalty (GROY)?
