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. 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 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.
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.
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