Key Metrics

Market Cap	252.28M
Total Shares Outstanding	169.31M
Book Value	3.31
PE Ratio	-

PS Ratio	32.49
PB Ratio	0.45
Forward PE Ratio	21.28
ROIC	-

Return on Aseets	-0.35
Return on Equity	-3.6
Dividend	-
Dividend Yield	-

Balancesheet Metrics

Total Assets	739.42M
Total Liability	178.66M
Assets-to-Libability Ratio	4.14

Total Current Assets	5.96M
Total Current Liability	3.65M
Current Ratio	1.63

Quick Ratio	-
Debt to Equity Ratio	-

Income Statement Metrics

Net Income	-15.01M
EPS	-0.13
EBITA	-15.01M

Gross Profit	28.17K
Gross Profit Margin	-252.16%
Operating Margin	-41.55%

Net Profit Margin

-7.82K%

Price Metrics

5 Days MA	1.43
10 Days MA	1.4
20 Days MA	1.41
50 Days MA	1.33
200 Days MA	1.36

52 Weeks High	2.21
52 Weeks low	1.16
All Time High	7.08

RSI	62.51
MACD	-

Share Stats

Shares Float	127.08M
Shares Short	6.14M

% Short	0.0427%
% Insider	25.763%

% Institutions	13.36%

% Institutions

13.36%

News

GOLD ROYALTY ANNOUNCES ACQUISITION OF ROYALTY OVER CAPSTONE'S PRODUCING COPPER-SILVER COZAMIN MINEDESIGNATED NEWS RELEASE VANCOUVER, BC, July 31, 2023 /PRNewswire/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") to acquire an existing 1.0% net smelter return ("NSR") royalty (the "Royalty"...
DESIGNATED NEWS RELEASE VANCOUVER, BC, July 31, 2023 /PRNewswire/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") to acquire an existing 1.0% net smelter return ("NSR") royalty (the "Royalty") from Endeavour Silver Corp. ("Endeavour") on portions of the Cozamin Copper-Silver Mine, located in Zacatecas, Mexico, ("Cozamin") for total cash consideration of US$7.5 million. Cozamin is owned and operated by Capstone Copper Corp. ("Capstone"). The Company also announces that it expects that, with the completion of the proposed acquisition, its board of directors will suspend dividends under its previously announced dividend program to focus capital on executing its strategic priority of growing cash flow and net asset value per share through accretive acquisitions. David Garofalo, Chairman and CEO of Gold Royalty commented, "The acquisition of the Cozamin royalty brings immediate cash flow, complementing our peer-leading revenue growth rate from our portfolio of high-quality, long-life North American assets. Capstone is an experienced and proven operator and we are excited to see them continue to deliver strong operating and exploration results at Cozamin for years to come. We currently expect to be generating positive free cash flow in 2024 with, among other things, the addition of Cozamin, the Côté Gold Project on track to enter production early next year, and corporate overhead costs continuing to decrease." Acquisition Highlights: Cozamin is an established, low-cost operating copper-silver mine which has been in production since 2006 and has a history of exploration success and mine life extensions; The Royalty generated revenue of over US$1.0 million over the last year and is expected to add meaningful cash flow to Gold Royalty going forward, along with leverage to increasing copper and silver prices during the life of mine; Capstone published an updated National Instrument I 43-101 ("NI 43-101") technical report for Cozamin in May 2023 which outlined a life of mine plan extending to 2030 based only on mineral reserves1; The Royalty covers two concessions over the Calicanto vein at Cozamin. As part of the transaction, Gold Royalty has been granted the option to acquire additional royalties on five contiguous concessions to the south of the Royalty for consideration of up to US$500,000. The Company intends to fund the transaction through its existing cash and cash equivalents. Story continues ______________________________ 1 Based on the NI 43-101 Technical Report titled "NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico" prepared for Capstone Copper Corp. with an effective date of January 1, 2023, a copy of which is available under Capstone's profile at www.sedar.com (the "Cozamin Report") . C1 cash costs per payable pound of copper produced is a measure reflective of operating costs per unit. Capstone calculates C1 cash costs as cash production costs of metal produced net of by-product credits. The Cozamin Royalty Cozamin is a copper-silver underground mine with a surface milling facility, located 3.6 km north-northwest of Zacatecas City in the mineral-rich state of Zacatecas, Mexico. Since the first full year of operation, Cozamin has generated free cash flow at all points of the copper price cycle. Cozamin has been continuously operated by Capstone since late 2006, when it commenced commercial production at a rate of 1,000 tonnes per day. At the time, it had a three-year mine life based upon then existing mineral reserves. Since then, successful exploration has extended the expected life of the mine to 2030 based on existing mineral reserves1. From 2023 to 2030, average annual production is currently forecasted by Capstone at 20,000 tonnes of copper and 1.3 million ounces of silver at average C1 costs of US$1.51 per payable pound of copper. Between 2023 to 2027, average projected annual production is expected by Capstone to be higher at 24,000 tonnes of copper and 1.7 million ounces of silver, at lower average projected C1 costs of US$1.46 per payable pound of copper1. Capstone announced on February 1, 2023 that it plans to update its mine plan in 2024 to introduce cut-and-fill mining, which it expects will allow it to convert additional resources to reserves and provide a pathway to increase production at the mine to better utilize the installed mill capacity of 4,400 tonnes per day. The Royalty was created under a 2017 concession division agreement between Endeavour and Capstone, under which, among other things, if Capstone outlined a primarily base metals mineral resource estimate (defined as >60% of NSR value) on certain concessions owned by Endeavour, it would grant Endeavour a 1% NSR royalty on such concessions. The Royalty applies to two concessions (Calicanto and Vicochea) where the base metals threshold was met. Gold Royalty has also been granted an option by Endeavour to acquire a 1% NSR royalty on five additional concessions if such royalties are granted in the future. Pursuant to the option, Gold Royalty would acquire such royalties, subject to existing rights of first refusal held by Capstone, in exchange for US$300,000, in the case of the Mise concession and US$50,000 in the case of each other concession, which amount may, at the option of Gold Royalty, be satisfied by issuing Gold Royalty common shares. The acquisition of the Royalty is subject to customary closing conditions and is currently expected to be completed in August 2023. Figure 1: Plan view map superimposing the Endeavour concessions and an aerial photograph of the existing mine workings (Reference: Capstone Endeavour Division Agreement) (CNW Group/Gold Royalty Corp.) About Gold Royalty Corp. 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. Qualified Person Alastair Still, P.Geo., Director of Technical Services of the Company, is a qualified person as such term is defined under NI 43-101 and has reviewed and approved the technical information disclosed in this news release. Notice to Investors Except where otherwise stated, the disclosure in this news release relating to Cozamin has been derived from the Cozamin Report and other public information disclosed by the operator and has not been independently verified by the Company. Specifically, the Company has limited, if any, access to the property subject to the Royalty. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. The Royalty does not cover the entire project area of Cozamin, or the entirety of the areas covered by existing mineral reserve and resource and estimates. Please refer to the Cozamin Report for further information regarding the mineral reserve. Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the project operator in accordance with NI 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC") applicable to domestic issuers. Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC. Cautionary Statement on Forward-Looking Information: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements") which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements respecting future dividends, the Company's strategy and business plans, the expected completion of the acquisition of the Royalty, expectations regarding operations at Cozamin and expectations regarding the Company's cash flows from Cozamin and its other interests. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions relating to commodities prices, the projects underlying the Company's royalty interests, expected operations at Cozamin and other projects underlying the Company's interests and the business of the Company. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, risks related to the ability of the parties to complete the proposed transaction and satisfy the conditions thereof, any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gold-royalty-announces-acquisition-of-royalty-over-capstones-producing-copper-silver-cozamin-mine-301888897.html SOURCE Gold Royalty Corp.
GROY | finance.yahoo | about 2 years ago | Neutral

GOLD ROYALTY TO RELEASE QUARTERLY OPERATING AND FINANCIAL RESULTS ON AUGUST 10, 2023DESIGNATED NEWS RELEASE VANCOUVER, BC, July 19, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) will release its quarterly financial and operating results for the three months ending June 30, 2023 on Thursday, August 10, 2023, after market close. An i...
DESIGNATED NEWS RELEASE VANCOUVER, BC, July 19, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) will release its quarterly financial and operating results for the three months ending June 30, 2023 on Thursday, August 10, 2023, after market close. An investor webcast will be held on Friday, August 11, 2023 starting at 10:00 am ET (7:00 am PT) to discuss these results. Management will be providing an update to interested stakeholders on the Company's quarterly results including key recent catalysts that have been announced on the assets underlying the Company's royalties. The presentation will be followed by a question-and-answer session where participants will be able to ask any questions they may have of management. To register for the investor webcast, please click the link below: https://www.bigmarker.com/vid-conferences/GoldRoyaltyCorp-TownHallForum-Q2Results About Gold Royalty Corp. 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. Cautionary Statement on Forward-Looking Information: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements") which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions, other important factors, and subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, and other factors set forth in the Company's Annual Report on Form 20-F and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Cision View original content:https://www.prnewswire.com/news-releases/gold-royalty-to-release-quarterly-operating-and-financial-results-on-august-10-2023-301880367.html SOURCE Gold Royalty Corp.
GROY | finance.yahoo | about 2 years ago | Neutral

THE Mining Investment Event of the North - Quebec City, June 2023 Announces THE Global Private Streaming PlatformSpecial Sponsor: Government of Québec Premier Sponsor: Laurentian Bank Securities Critical Metals Day Platinum Sponsor: National Bank Financial Markets Gold Sponsors: BMO, IBK Capital, O3 Mining, Troilus Gold, Maple Gold Mines, JDS Group of Companies Silver Sponsors: PearTree Financial, Stifel GM...
Special Sponsor: Government of Québec Premier Sponsor: Laurentian Bank Securities Critical Metals Day Platinum Sponsor: National Bank Financial Markets Gold Sponsors: BMO, IBK Capital, O3 Mining, Troilus Gold, Maple Gold Mines, JDS Group of Companies Silver Sponsors: PearTree Financial, Stifel GMP, TMX Group, Invest Yukon, Mi3 Financial ESG Sponsor: Socialsuite Copper Sponsors: Cassels, Crux Investor, CDPQ, Amex Exploration, Out of the Box Capital, Amvest Capital, INFOR Financial, Global Business Reports, Generation IACP, Brooks & Nelson, Alliance Advisors, VRIFY Technology Partners: BTV, Kitco, Mining Network, The Northern Miner, Newsfile, Resource World, LFG Equities Simply Better Marketing, Quebec City Business Destination, EBL Consultants, The Prospector Toronto, Ontario--(Newsfile Corp. - June 6, 2023) - THE Mining Investment Event of the North("THE Event"),Québec City,June 19-21, 2023 is pleased to announce the launch of THEGlobal Private Streaming Platform dedicated to virtual attendance – limited availability through registration only. Once you have registered you will be able to log on daily with your unique code to THE Event as a virtual global audience member and view live presentations from C-suite members of participating companies, and the world's foremost thought leaders, panelists and keynotes delivered at THE Event from 8:00 am ET to 5:00 pm ET, Monday June 19-Wednesday June 21, 2023. If you wish to view THE Event in real time as a virtual global audience member, please register here: https://www.bigmarker.com/series/the-mining-investment-event-/series_summit?utm_bmcr_source=NR Note: your unique/dedicated registration link will be sent to you – this code is un-shareable and is unique to you as a registered THE Event virtual global audience member. Information regarding registration, agendas, sponsors, initiatives and speakers for THE Event can be found here: https://vidconferences.com/conferences-events/in-person/tier-1-mining-conference/ THE Event Participating Companies Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) Fury Gold Mines Limited (TSXV: FURY) (NYSE: FURY) Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) Red Pine Exploration Inc. (TSXV: RPX) (OTCQB: RDEXF) Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF) Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) Northern Superior Resources Inc. (TSXV: SUP) (OTCQB: NSUPF) Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) Archer Exploration Corp. (CSE: RCHR) Go Metals Corp. (CSE: GOCO) NorthWest Copper Corp. (TSXV: NWST) (OTCQX: NWCCF) Sayona Mining Limited (ASX: SAY) (OTCQB: SYAXF) Arizona Sonoran Copper Company (TSX: ASCU) (OTCQX: ASCUF) Gold Royalty Corp. (NYSE: GROY) Nouveau Monde Graphite Inc. (TSXV: NOU) (NYSE: NMG) Signal Gold Inc. (TSX: SGNL) (OTCQB: SGNLF) Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) Nuvau Minerals Corp. Private Sirios Resources Inc. (TSXV: SOI) Bonterra Resources Inc. (TSX: BTR) (OTCQX: BONFX) Harfang Exploration Inc. (TSXV: HAR) O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF) Brunswick Exploration Inc. (TSXV: BWR) Hecla Mining Company (NYSE: HL) OMAI Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) Stelmine Canada Ltd. (TSXV: STH) (OTCQB: STHFF) Canada Nickel Company Inc. (TSXV: CNC) (OCTQX: CNIKF) Hycroft Mining Corp. (NASDAQ: HYMC) Orford Mining Corporation (TSXV: ORM) Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) Cartier Resources Inc. (TSXV: ECR) Ion Energy Ltd. (TSXV: ION) (OTCQB: IONGF) Osisko Development Corp. (TSXV: ODV) (NYSE: ODV) Stillwater Critical Minerals (TSXV: PGE) (OTCQB: PGEZF) Doré Copper Mining Corp. (TSXV: DCMC) (OTCQX: DRCMF) Jaguar Mining Inc. (TSX: JAG) (OTCQX: JAGGF) Osisko Metals Incorporated (TSXV: OM) (OTCQX: OMZNF) Strategic Resources Inc. (TSXV: SR) Emerita Resources Corp. (TSX: EMO) (OTCQB: EMOTF) Juggernaut Exploration Inc. (TSXV: JUGR) Osisko Mining Inc. (TSX: OSK) Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) Empress Royalty Corp. (TSXV: EMPR) (OTCQX: EMPYF) Kirkland Lake Discoveries (TSXV: KLDC) Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) Thunder Gold Corp. (TSXV: TGOL) EMX Royalty Corp. (TSXV: EMX) (NYSE: EMX) Lavras Gold Corp. (TSXV: LGC) (OTCQB: LGCFF) Paramount Gold Nevada Corp. (NYSE: PZG) Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) EU Gold Mining Inc. Private Li-FT Power Ltd. (CSE: LIFT) Patriot Battery Metals Inc. (TSXV: PMET) (OTCQX: PMETF) Vanstar Mining Resources (TSXV: VSR) (OTCQX: VMNGF) Exiro Minerals Corp. Private LithiumBank Resources (TSX: LBNK) (OTCQX: LBNKF) Power Nickel Inc. (TSXV: PNPN) (OTCQB: CMETF) Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF) Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) Wallbridge Mining Company (TSX: WM) (OTCQX: WLBMF) Fireweed Metals Corp. (TSXV: FWZ) (OTCQB: FWEDF) Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) QC Copper & Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) Midland Exploration Inc. (TSXV: MD) Quebec Nickel Corp (CSE: QNI) (OTCQB: QNICF) West Red Lake Gold Mines (TSXV: WRLG) First Phosphate Corp. (CSE: PHOS) Mundoro Capital Ltd. (TSXV: MUN) (OTCQB: MUNMF) Rackla Metals Inc. (TSXV: RAK) Western Copper and Gold (TSX: WRN) (NYSE: WRN) Winsome Resources Limited (ASX: WR1) THE Salon Mi3 ExplorCo Lounge & Industry Invites* Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) EDM Resources Inc. (TSXV: EDM) Medaro Gold Resources Corp.* (TSXV: MEDA) Quimbaya Gold Inc. (CSE: QIM) Beauce Gold Fields Inc. (TSXV: BGF) Electro Metals & Mining Private Magna Mining Inc.* (TSXV: NICU) Radisson Mining Resources* (TSXV: RDS) (OTCQB: RMRDF) Canadian Copper Inc. (CSE: CCI) Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) Metals Energy Corp. (TSXV: MERG) Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Comet Lithium Corp. (TSXV: CLIC) Fokus Mining Corporation (TSXV: FKM) (OTCQB: FKMCF) Platinex Inc. (CSE: PTX) Steadright Critical Minerals Inc. (CSE: SCM) Delta Resources Limited (TSXV: DLTA) (OTCQB: DTARF) Green Battery Minerals Inc. (TSXV: GEM) (OTCQB: GBMIF) Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) Vior Inc. (TSXV: VIO) (OTCQB: VIORF) Dryden Gold Corp. Private iMetal Resources Inc.* (TSXV: IMR) (OTCQB: IMRFF) Quebec Precious Metals Corporation* (TSXV: QPM) (OTCQB: CJCFF) Xplore Resources Corp.* (TSXV: XPLR) E2Gold Inc. (TSXV: ETU) (OTCQB: ETUGF) Leopard Lake Gold Corp. (CSE: LP) THE Mining Investment Event of the North is Canada's only Tier I Global Mining Investment Conference, hosted annually in Quebec City, Canada. THE Event is invitation only and is independently sponsored by the Government of Quebec, and financial and mining communities at large. It is designed to specifically facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. THE Event is committed to promoting sustainability in the mining industry through education and innovation through unique Student Sponsorships, She-Co Initiatives, highlighting ESG and equality issues and by providing a platform for some of most influential thought leaders in the sector. The agenda, brochure, participating companies, speakers & panelists, initiatives and registration applications for issuers and investors may be found here: https://vidconferences.com/conferences-events/in-person/tier-1-mining-conference/ Interested parties please contact Jennifer Choi, jchoi@vidconferences.com Joanne Jobin Principal & Founder IR.INC & VID Media Incorporated jjobin@irinc.ca Jennifer Choi Vice President, Operations IR.INC & VID Media Incorporated jchoi@vidconferences.com Brhett Booker Associate IR.INC & VID Media Incorporated bbooker@vidconferences.com Facebook Instagram Twitter LinkedIn YouTube To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168952
AEM EMX FFMGF FURY GROY HL HYMC | finance.yahoo | about 2 years ago | Neutral

Down -7.27% in 4 Weeks, Here's Why Gold Royalty Corp. (GROY) Looks Ripe for a TurnaroundGold Royalty Corp. (GROY) has been on a downward spiral lately with significant selling pressure. After declining 7.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the c...
Gold Royalty Corp. (GROY) has been on a downward spiral lately with significant selling pressure. After declining 7.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Why a Trend Reversal is Due for GROY The heavy selling of GROY shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 29.81. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand. This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering GROY in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 11.1% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, GROY currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gold Royalty Corp. (GROY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
GROY | finance.yahoo | about 2 years ago | Neutral

Gold Royalty Declares Second Quarter 2023 DividendDESIGNATED NEWS RELEASE VANCOUVER, BC, May 23, 2023 /CNW/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has declared the Company's second quarter 2023 cash dividend of US$0.01 per common share. The dividend will be pa...
DESIGNATED NEWS RELEASE VANCOUVER, BC, May 23, 2023 /CNW/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has declared the Company's second quarter 2023 cash dividend of US$0.01 per common share. The dividend will be paid on June 30, 2023 to shareholders of record as of the close of business on June 20, 2023. The dividend qualifies as an "eligible" dividend as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. The Company's dividend program contemplates quarterly dividends, the declaration, timing, amount and payment of which will be subject to the discretion and approval of the board of directors of the Company based on relevant factors, including, among others, the Company's financial condition and capital allocation plans. Dividend Reinvestment Plan The Company reminds shareholders that it has implemented a dividend reinvestment plan (the "DRIP"). In order to be eligible to participate in the DRIP for the second quarter, registered shareholders, who have not already done so, must complete the enrollment form via the link provided below, which is also available on the Company's website, by 5:00 pm (EDT) on June 13, 2023. Beneficial shareholders will need to make arrangements through their brokers and/or nominees sufficiently in advance of such time. The DRIP allows participating shareholders to reinvest some or all their cash dividends into additional common shares, without incurring any additional brokerage fees or commissions. Participation in the DRIP is optional and will not affect shareholders' cash dividends unless they elect to participate in the DRIP. For the purposes of this dividend, the Company has elected to issue common shares under the DRIP through treasury at the Average Market Price, as defined in the DRIP. Participation in the DRIP Participation in the DRIP is available to shareholders residing in (i) Canada; (ii) the United States; and (iii) all other jurisdictions where such participation is not prohibited under applicable law. Registered Shareholders Registered Shareholders may enroll in the DRIP by completing an enrollment form, which is available on the Company's website at http://www.goldroyalty.com/investors/dividends/ and following the instructions therein. Beneficial Shareholders Beneficial shareholders should contact their financial intermediary to seek enrollment. In order to participate in the DRIP, a beneficial shareholder must either: arrange for their broker or other nominee to enroll in the DRIP on their behalf; or transfer their common shares into their own name and enroll directly in the DRIP as a registered shareholder. Due to the rules and policies of The Depository Trust Company ("DTC"), in order to make an election under the DRIP, beneficial shareholders that hold their common shares through a DTC participant broker, will need to either cause their broker to withdraw their shares from DTC and deposit them with the Clearing and Depository Services, Inc.; or (ii) cause their broker to register such shares directly in the name of such beneficial shareholder. Such actions would need to be completed with sufficient time to deliver elections prior to applicable deadlines as set forth in the DRIP. All shareholders considering enrollment in the DRIP should carefully review the terms of the DRIP, a copy of which is available at http://www.goldroyalty.com/investors/dividends/, and consult with their advisors as to the implications of enrollment in the DRIP. This news release is not an offer to sell or a solicitation of an offer of securities. The Company has filed a registration statement relating to the DRIP with the U.S. Securities and Exchange Commission, and electronic copies may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at http://www.sec.gov or by contacting the Company using the contact information below. Shareholders with any questions regarding the DRIP and the enrollment process may contact: info@goldroyalty.com. About Gold Royalty Corp. 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. Cautionary Statement on Forward-Looking Information: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements") which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements respecting future dividends. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions relating to commodities prices, the projects underlying the Company's royalty interests and the business of the Company. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, risks related to the Company's ability to satisfy the conditions and covenants necessary to exercise the Accordion, and other factors set forth in the Company's Annual Report on Form 20-F for the year ended September 30, 2022 and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Cision View original content:https://www.prnewswire.com/news-releases/gold-royalty-declares-second-quarter-2023-dividend-301832616.html SOURCE Gold Royalty Corp. Cision View original content: http://www.newswire.ca/en/releases/archive/May2023/23/c6621.html
GROY | finance.yahoo | about 2 years ago | Neutral

GOLD ROYALTY REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTSVANCOUVER, BC, May 11, 2023 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three months ended March 31, 2023. These results will be discussed at the Company's upcoming Investor Day o...
VANCOUVER, BC, May 11, 2023 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three months ended March 31, 2023. These results will be discussed at the Company's upcoming Investor Day on May 16, 2023. All amounts are expressed in U.S. dollars unless otherwise noted. David Garofalo, Chairman and CEO of Gold Royalty, commented, "Gold Royalty is beginning to see the benefits of key assets commencing and ramping up production. The first production blast occurred at Odyssey South at the end of March 2023; Côté Gold is on track to enter production early next year; and exploration success at REN expanded its resource footprint well beyond existing underground development. These advancements represent significant potential near-term catalysts for Gold Royalty as the revenue and cash flow growth organically embedded in our portfolio is starting to materialize." Highlights for the three months ended March 31, 2023, include: Total Revenue and Option Proceeds of $2.0 million for the three months ended March 31, 2023, a 12% increase from the comparative period of 2022. Total Revenue and Option Proceeds is a non-IFRS measure. See "Non-IFRS Measures" below. With approximately $35 million available liquidity, inclusive of a $15 million accordion feature in its credit facility (available subject to certain additional conditions), the Company is positioned well for further growth. Gold Royalty declared its fifth consecutive quarterly dividend, yielding over 1.8% at current share prices. The Company published its inaugural Sustainability Report and Asset Handbook outlining the Company's ESG initiatives and providing a comprehensive overview of the Company's royalty portfolio, respectively. The following table sets forth selected financial information for the three months ended March 31, 2023: Story continues Three months ended March 31, 2023 March 31, 2022 (in thousands of dollars, except per share amounts) ($) ($) Total revenue 767 638 Net loss (3,083) (2,388) Net loss per share, basic and diluted (0.02) (0.02) Dividends declared per share 0.01 0.01 Non-IFRS and Other Measures Total Revenue and Option Proceeds* 1,970 1,759 Adjusted Net Loss* (1,318) (2,148) Adjusted Net Loss Per Share, basic and diluted* (0.01) (0.02) Total Gold Equivalent Ounces 406 340 Adjusted cash flow used in operating activities, excluding changes in non-cash working capital * (121) (1,096) * See Non-IFRS Measures below. For further detailed information, please refer to the Company's unaudited condensed interim consolidated financial statements and management's discussion and analysis, for the three months ended March 31, 2023, copies of which are available under the Company's profile at www.sedar.com and www.sec.gov. Outlook Management believes the Company is on track to meet its previously disclosed forecast of $5.5 million and $6.5 million in Total Revenues and Option Proceeds in 2023 based on the production guidance published to date by the operators of the properties underlying the Company's interests, a forecasted gold price ranging from $1,700 to $2,000 per ounce and expected payments on optioned properties. The Company expects to incur $7.0 to $8.0 million in recurring cash operating expenses in 2023 (forecasted operating expenses, excluding transaction-related and other non-recurring expenses) and believes it is poised to generate positive net operating cash flow in 2024 (forecasted adjusted cash flow used in operating activities, excluding changes in non-cash working capital) when a number of its growth projects are expected to ramp up in production, including the long-life cornerstone mines at Côté and Odyssey. The foregoing projected outlook constitutes 'forward-looking information' and 'forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws and is intended to provide information about management's current expectations for the Company's 2023 fiscal year. Although considered reasonable as of the date hereof, such outlook and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company's expectations as set forth herein. In preparing the above outlook, management assumed, among other things, that the operators of the projects underlying the Company's royalties will meet expected production milestones and forecasts for the applicable period and that operators of optioned properties will elect to make all expected option payments over the period. See "Forward-Looking Statements". Portfolio Update Odyssey Project (3.0% NSR over the northern portion of the project): On April 27, 2023, Agnico Eagle Mines Limited announced its 2023 first quarter results including an update on the Odyssey Project. Good progress was made on underground development and surface construction activities at the Odyssey Project in the first quarter of 2023. Underground development via ramp access passed the bottom of the Odyssey South deposit and reached the level of the first shaft access point. Shaft sinking activities have also commenced. The first production blast occurred at the Odyssey South deposit in late March 2023. Drilling activities were focused on infilling the internal zones at the Odyssey South deposit and mineral resource expansion of the East Gouldie deposit to the east and west. Côté Gold Project (0.75% NSR royalty over the southern portion of the project): On February 16, 2023, IAMGOLD Corporation disclosed that, as of December 31, 2022, the Côté Gold project was estimated to be 73% complete and expected to commence production in early 2024 when it will become Canada's third largest gold mine by production. REN Project (1.5% NSR royalty and 3.5% NPI): On February 15, 2023, Barrick Gold Corporation ("Barrick") announced its financial and operating results for the full year 2022, including updates on the Carlin Complex and the REN project along with an updated National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") resource estimate for the project. At REN, 2022 drilling added to the resource base and increased Barrick's understanding of the mineralization. Fenelon Gold Project (2.0% NSR royalty over the majority of the project): On January 17, 2023, Wallbridge Mining Company Limited announced an updated NI 43-101 mineral resource estimate for the Fenelon Gold project. The updated mineral resource estimate will form the foundation for the upcoming preliminary economic assessment on Fenelon, which is expected in the second quarter of 2023. Granite Creek Mine Project (10.0% NPI): On April 3, 2023, i-80 Gold Corp. provided a comprehensive update on its 2023 exploration and development programs. At Granite Creek, key initiatives are underground development, increasing mining rates, completing economic studies and a revised NI 43-101 resource estimate. A feasibility study for the Ogee underground mine is nearing completion along with an initial resource and preliminary economic assessment for the South Pacific Zone that is expected to be the primary zone at the Granite Creek Mine starting in 2024. These studies are expected to be released in the second quarter of 2023. Investor Day Gold Royalty's management team will host an in-person Investor Day on May 16, 2023 from 9:00 am ET to 12:00 pm ET in Toronto, Canada to provide a strategic update of its business, a review of its assets and to review the Company's inaugural Sustainability Report and Asset Handbook. A webcast of the presentation will also be available. Interested investors and analysts are invited to participate as follows: In-Person (space limited): Please contact Jennifer Choi at jchoi@irinc.com or Peter Behncke at pbehncke@goldroyalty.com to confirm your interest in attending in person and for additional details on the event. Virtual Webcast: Register for the event here: https://www.bigmarker.com/vid-conferences/GOLD-ROYALTY-INVESTOR-DAY A replay of the event will be available on the Gold Royalty website following the presentation. About Gold Royalty Corp. 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. Qualified Person Alastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under NI 43-101 and has reviewed and approved the technical information disclosed in this news release. Notice to Investors Disclosure relating to properties in which Gold Royalty holds royalty or other interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the project operators in accordance with NI 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission applicable to domestic issuers. Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC. Forward-Looking Statements: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), including but not limited to statements regarding: estimated future Total Revenues and Option Proceeds and expected recurring expenses, transaction related and non-recurring expenses and cash flows; expectations regarding the development of the projects underlying the Company's royalty interests; expectations regarding the Company's growth and statements regarding the Company's plans and strategies. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended September 30, 2022 and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Non-IFRS Measures The Company has included, in this news release, certain performance measures, including: (i) Adjusted Net Loss and Adjusted Net Loss Per Share; (ii) Gold Equivalent Ounces ("GEOs"); (iii) adjusted cash flows from operating activities, excluding changes in non-cash working; and (iv) Total Revenue and Option Proceeds, which are each non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently. Adjusted Net Loss and Adjusted Net Loss Per Share Adjusted Net Loss is calculated by adding option proceeds credited against mineral properties and deducting the following from net income: transaction-related and non-recurring expenses1, share of (gain)/loss and dilution gain in associate, impairment, changes in fair value of derivative liabilities and short-term investments, gain on disposition of short-term investments, gain on loan modification, foreign exchange gain/(loss), other income/(expense) and option proceeds credited against mineral properties. Adjusted Net Loss Per Share, basic and diluted have been determined by dividing the Adjusted Net Loss by the weighted average number of common shares for the applicable period. The Company included this information as management believes that they are useful measures of performance as they adjust for items which are not always reflective of the underlying operating performance of our business and/or are not necessarily indicative of future operating results. The table below provides a reconciliation of net loss to Adjusted Net Loss and Adjusted Net Loss Per Share, basic and diluted for the periods indicated: For the three months ended March 31 2023 2022 (in thousands of dollars, except per share amounts) ($) ($) Net loss (3,083) (2,388) Option proceeds credited against mineral properties 1,203 1,121 Transaction related and non-recurring expenses 459 960 Share of loss in associate 128 108 Dilution gain in associate — (80) Impairment of royalty — 3,821 Change in fair value of derivative liabilities (230) (1,798) Change in fair value of short-term investments (58) (3,875) Foreign exchange (gain)/loss 48 (13) (Gain)/loss on loan modification 249 — Other income (34) (4) Adjusted Net Loss (1,318) (2,148) Weighted average number of common shares 144,289,573 134,019,359 Adjusted Net Loss per Share, basic and diluted (0.01) (0.02) GEOs Total GEOs are determined by dividing revenue by the following average gold prices: For three months ended: Units Average Gold Price March 31, 2022 (US$/oz) 1,877 March 31, 2023 (US$/oz) 1,889 Adjusted cash flow used in operating activities, excluding changes in non-cash working capital Adjusted cash flow used in operating activities, excluding changes in non-cash working capital is determined by excluding the impact of changes in non-cash working capital items, transaction and non-recurring expenses and option proceeds credited against mineral properties to or from cash used in operating activities. The Company has included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry. The table below provides a reconciliation of net loss to adjusted cash flow used in operating activities, excluding changes in non-cash working capital. For the three months ended March 31 2023 2022 (in thousands of dollars) ($) ($) Net loss (3,083) (2,388) Items not involving cash: Depreciation 21 15 Depletion 117 488 Interest expense 294 105 Other income (13) (1) Share-based compensation 880 1,146 Change in fair value of short-term investments (58) (3,875) Change in fair value of derivative liabilities (230) (1,798) Impairment of royalty — 3,821 Share of loss in associate 128 108 Dilution gain in associate — (80) Deferred tax recovery (88) (652) Loss on loan modification 249 — Foreign exchange gain — (66) Cash flow used in operating activities, excluding changes in non-cash working capital (1,786) (3,177) Transaction related and non-recurring expenses 459 960 Option proceeds credited against mineral properties 1,203 1,121 Adjusted cash flow used in operating activities, excluding changes in non-cash working capital (121) (1,096) Total Revenue and Option Proceeds reconciliation Total Revenue and Option Proceeds are determined by adding option proceeds credited against mineral properties to total revenue. The Company has included this information as management believes certain investors use this information to evaluate the Company's performance in comparison to other gold royalty companies in the precious metal mining industry. Below is a reconciliation of our Total Revenue and Option Proceeds to total revenue for the three months ended March 31, 2023 and 2022, respectively: For the three months ended March 31 2023 2022 (in thousands of dollars) ($) ($) Royalty 234 259 Advance minimum royalty 331 288 Option proceeds 1,405 1,212 Total Revenue and Option Proceeds 1,970 1,759 Option proceeds credited against mineral properties (1,203) (1,121) Total revenue 767 638 __________________________ 1 Transaction-related and non-recurring expenses are a supplementary financial measure comprised of operating expenses that are not expected to be incurred on an ongoing basis. In the first quarter of 2023, non-recurring expenses related primarily to professional fees related to changing the Company's fiscal year-end, tax restructuring following the completion of corporate transactions, establishing dividend reinvestment and financing programs and select corporate development activities and in the same period of 2022, related primarily to consulting fees and professional fees associated with corporate transactions. Cision View original content:https://www.prnewswire.com/news-releases/gold-royalty-reports-first-quarter-2023-financial-and-operating-results-301822729.html SOURCE Gold Royalty Corp. Cision View original content: http://www.newswire.ca/en/releases/archive/May2023/11/c3382.html
GROY | finance.yahoo | about 2 years ago | Neutral

Gold Royalty Corp. Publishes Inaugural Sustainability Report & Asset Handbook and Announces Investor Day on May 16, 2023VANCOUVER, BC, May 1, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the publication of its inaugural Sustainability Report and Asset Handbook. The Company will also be hosting an in-person Investor Day on the morning of May 16, ...
VANCOUVER, BC, May 1, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the publication of its inaugural Sustainability Report and Asset Handbook. The Company will also be hosting an in-person Investor Day on the morning of May 16, 2023 in Toronto to provide a strategic update of Gold Royalty's business and an overview of its royalty portfolio. A webcast of the Investor Day will also be available. David Garofalo, Chairman and CEO of Gold Royalty, commented, "The publication of our inaugural Sustainability Report and Asset Handbook marks a significant milestone for Gold Royalty. In the 24 months since our IPO we have made rapid progress, from a portfolio of 18 royalties, to over 200 royalties with 75 partners today. The Company is now at an inflection point as our key royalty assets begin to enter production. Our objective of these reports is to assist stakeholders in understanding the fundamental value of our assets and our commitment to building a sustainable long-term business." 2023 Asset Handbook The 2023 Asset Handbook provides a comprehensive overview of our diverse royalty portfolio and the key assets fueling our growth. In just over two years, Gold Royalty has built a portfolio of over 200 royalties anchored in the best mining jurisdictions in the world on Tier 1, long-life assets that are operated by the largest and best capitalized mining companies in the industry. Gold Royalty's operating partners continue to add value through exploration with over 700,000 meters of drilling across the portfolio in 2022, unlocking significant upside through new discoveries, reserve and resource additions and mine life extensions and expansions, all at no cost to the Company. 2022 Sustainability Report Gold Royalty is proud of its numerous sustainability accomplishments in 2022, with a variety of initiatives that have supported business growth, enhanced corporate governance, and boosted our ESG performance. These include: Story continues Launched sustainability program and appointed a VP, ESG and Sustainability. Approved updated ESG and Sustainability Policy, Anti-Corruption Policy, Insider Trading Policy, and Code of Conduct for Partners and Suppliers. Contributed to diverse community causes, including arts, culture and mental health. Developed agreement with property manager to measure Scope 1 and 2 carbon emissions from the Company's corporate office in 2023. Reviewed 100% of new royalty and streaming agreements and opportunities with enhanced ESG due diligence, screening out approximately 11% of opportunities due to ESG-related risk or performance concerns. Became a signatory to the United Nations Global Compact. The 2023 Asset Handbook and 2022 Sustainability Report are available on Gold Royalty's website: www.goldroyalty.com Investor Day Gold Royalty's management team will host an in-person Investor Day on May 16, 2023 from 9:00 am ET to 12:00 pm ET in Toronto to provide a strategic update of Gold Royalty's business, a review of its assets and to review the Company's inaugural Sustainability Report and Asset Handbook. A webcast of the presentation will also be available. Interested investors and analysts are invited to participate as follows: In-Person (space limited): Please contact Jennifer Choi at jchoi@irinc.com or Peter Behncke at pbehncke@goldroyalty.com to confirm your interest in attending in person and for additional details on the event. Virtual Webcast: Register for the event here: https://www.bigmarker.com/vid-conferences/GOLD-ROYALTY-INVESTOR-DAY A replay of the event will be available on the Gold Royalty website following the presentation. Q1 2023 Results Release Date Gold Royalty will release its quarterly financial and operating results for the three months ending March 31, 2023 on Thursday, May 11, 2023, after market close. The Company intends to discuss these results as part of its Investor Day on May 16, 2023. About Gold Royalty Corp. 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. Forward-Looking Statements: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), including but not limited to statements regarding: expectations regarding the development of the projects underlying the Company's royalty interests; expectations regarding the Company's growth and statements regarding the Company's plans and strategies. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's royalty interests, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended September 30, 2022 and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Cision View original content:https://www.prnewswire.com/news-releases/gold-royalty-corp-publishes-inaugural-sustainability-report--asset-handbook-and-announces-investor-day-on-may-16-2023-301811575.html SOURCE Gold Royalty Corp.
GROY | finance.yahoo | about 2 years ago | Neutral

THE Mining Investment Event of the North - Quebec City, June 2023100+ Companies Representing all Commodities Featuring: Critical Metals Day, June 20 - Powered by National Bank Financial Markets Announces Government of Quebec Keynote Speaker Minister Maïté Blanchette Vézina, Ministre des Ressources naturelles et des Forêts New Copper Sponsors, CDPQ, Alliance Advis...
100+ Companies Representing all Commodities Featuring: Critical Metals Day, June 20 - Powered by National Bank Financial Markets Announces Government of Quebec Keynote Speaker Minister Maïté Blanchette Vézina, Ministre des Ressources naturelles et des Forêts New Copper Sponsors, CDPQ, Alliance Advisors, VRIFY, Amex Exploration Special Sponsor: Government of Québec Premier Sponsor: Laurentian Bank Securities Critical Metals Day Platinum Sponsor: National Bank Financial Markets Gold Sponsors: BMO, IBK Capital, O3 Mining, Troilus Gold, Maple Gold Mines, JDS Group of Companies Silver Sponsors: PearTree Financial, Stifel GMP, TMX Group, Invest Yukon, Mi3 Financial Copper Sponsors: Cassels, Crux Investor, CDPQ, Amex Exploration, North Equities, Amvest Capital INFOR Financial, Global Business Reports, Generation IACP, Brooks & Nelson, Alliance Advisors, VRIFY Technology Media Partners: BTV, Kitco, Mining Network, The Northern Miner, Newsfile, Resource World, Simply Better Marketing, Quebec City Business Destination, EBL Consultants, The Prospector THE Participating Companies Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) Fireweed Metals Corp. (TSXV: FWZ) (OTCQB: FWEDF) Minto Metals Corp. (TSXV: MNTO) RedPine Exploration Inc. (TSXV: RPX) (OTCQB: RDEXF) Amex Exploration Inc (TSXV: AMX) (OTCQX: AMXEF) First Mining Gold (TSX: FF) (OTCQX: FFMGF) Mundoro Capital Ltd. (TSXV: MUN) (OTCQB: MUNMF) Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) Archer Exploration Corp. (CSE: RCHR) First Phosphate Corp. (CSE: PHOS) Nickel Creek Platinum (TSX: NCP) (OTCQB: NCPCF) Sayona Mining Limited (ASX: SAY) (OTCQB: SYAXF) Arizona Sonoran Copper Company (TSX: ASCU) (OTCQX: ASCUF) Fury Gold Mines Limited (TSXV: FURY) (NYSE American: FURY) Northwest Copper Corp. (TSXV: NWST) (OTCQX: NWCCF) Sigma Lithium Corporation (TSXV: SGML) (NASDAQ: SGML) Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) Nouveau Monde Graphite Inc. (TSXV: NOU) (NYSE: NMG) Signal Gold Inc. (TSX: SGNL) (OTCQB: SGNLF) Bonterra Resources Inc. (TSX: BTR) (OTCQX: BONFX) Go Metals Corp. (CSE: GOCO) Nuvau Minerals Corp. Private Silver Mountain Resources (TSXV: AGMR) (OTCQB: AGMRF) Brunswick Exploration Inc. (TSXV: BWR) Gold Royalty Corp. (NYSE American: GROY) O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) Sirios Resources Inc. (TSXV: SOI) Canada Nickel Company Inc. (TSXV: CNC) (OCTQX: CNIKF) Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) Orford Mining Corporation (TSXV: ORM) Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF) Cartier Resources Inc. (TSXV: ECR) Harfang Exploration Inc. (TSXV: HAR) Osisko Development Corp. (TSXV: ODV) (NYSE: OR) Stelmine Canada Ltd. (TSXV: STH) (OTCQB: STHFF) Clean Air Metals Inc. (TSXV: AIR) (OTCQB: CLRMF) Hecla Mining Company (NYSE: HL) Osisko Metals Incorporated (TSXV: OM) (OTCQX: OMZNF) Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) Denison Mines Corp. (TSX: DML) (NYSE American: DNN) Hycroft Mining Corp. (NASDAQ: HYMC) Osisko Mining Inc. (TSX: OSK) Thunder Gold Corp. (TSXV: TGOL) Doré Copper Mining Corp. (TSXV: DCMC) (OTCQX: DRCMF) Ion Energy Ltd. (TSXV: ION) (OTCQB: IONGF) Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) Emerita Resources Corp. (TSX: EMO) (OTCQB: EMOTB) Jaguar Mining Inc. (TSX: JAG) (OTCQX: JAGGF) Paramount Gold Nevada Corp. (NYSE American: PZG) Vanstar Mining Resources (TSXV: VSR) (OTCQX: VMNGF) Empress Royalty Corp. (TSXV: EMPR) (OTCQX: EMPYF) Lavras Gold Corp. (TSXV: LGC) Patriot Battery Metals Inc. (TSXV: PMET) (OTCQX: PMETF) Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) EMX Royalty Corp. (TSXV: EMX) (NYSE American: EMX) Li-FT Power Ltd. (CSE: LIFT) Power Nickel Inc. (TSXV: PNPN) (OTCQB: CMETF) Wallbridge Mining Company (TSX: WM) (OTCQX: WLBMF) EU Gold Mining Inc. Private Lithium Bank Resources Corp. (TSX: LBNK) (OTCQX: LBNKF) Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) Warrior Gold Inc. (TSXV: WAR) Exiro Minerals Corp. Private Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF) QC Copper & Gold Inc. (TSXV: QCCU) (OCTQB: QCCUF) Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) Exploits Discovery Corp. (CSE: NFLD) (OTCQB: NFLDF) Maple Gold Mines Ltd (TSXV: MGM) (OTCQB: MGMLF) Quebec Nickel Corp (CSE: QNI) (OTCQB: QNICF) West Red Lake Gold Mines Ltd. (TSXV: WRLG) Midland Exploration In (TSXV: MD) Rackla Metals Inc. (TSXV: RAK) Western Copper and Gold Corp. (TSX: WRN) (NYSE: WRN) THE Salon Mi3 ExplorCo Lounge Industry Invitees Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) EDM Resources (TSXV: EDM) Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) Magna Mining Inc. (TSXV: NICU) Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) Electro Metals & Mining Private Platinex Inc. (CSE: PTX) Radisson Mining Resources (TSXV: RDS) (OTCQB: RMRDF) Beauce Gold Fields (TSXV: BGF) Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) Quimbaya Gold Inc. (CSE: QIM) Nova Royalty Corp. (TSXV: NOVR) (OTCQB: NOVRF) Canadian Copper Inc. (CSE: CCI) Fokus Mining Corporation (TSXV: FKM) (OTCQB: FKMCF) Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) Steadright Critical Minerals Inc. (CSE: SCM) Delta Resources Limited (TSXV: DLTA) (OTCQB: DTARF) Green Battery Minerals Inc. (TSXV: GEM) (OTCQB: GBIF) Spark Energy Minerals Inc (CSE: EMIN) Dryden Gold Corp. Private Leopard Lake Gold Corp. (CSE: LP) Vior Inc. (TSXV: VIO) (OTCQB: VIORF) E2Gold Inc. (TSXV: ETU) (OTCQB: ETUGF) Metals Energy Corp. (TSXV: MERG) Xplore Resources Corp. (TSXV: EXPLR) X-Terra Resources Corp (TSXV: XTT) Story continues Toronto, Ontario--(Newsfile Corp. - April 20, 2023) - THE Mining Investment Event of the North("THE Event"),Québec City,June 19-21, 2023 to be held at the Fairmont le Château Frontenac and Voltigeurs de Québec Armoury, is pleased to announce that 100+ companies will participate at THE Event representing all commodities with a focus on critical metals. THE Agenda is now available along with information on Panels, Speakers, Participating Companies, and Initiatives. Day I - June 19, 2023 - Explorers & Developers Opening Keynote: Peter Marrone Keynote: Frank Holmes, U.S. Global Investors Panel: ESG - Lip Service or Reality? Panel: THE Power Panel - Women Celebrating Industry Achievements Keynote: Rick Rule, Rule Investment Media Day II - June 20, 2023 - Critical Metals Day - Powered by National Bank Financial Markets Opening Keynote: Elian Terner, Managing Director & Head, Global Mining & Metals Investment Banking, National Bank Financial Panel: Energy & Renewables - Carbon Footprint Reality Keynote: Minister Maïté Blanchette Vézina, Ministre des Ressources naturelles et des Forêts Panel: The Importance of Critical Metals in Quebec Panel: Polarized Global Geopolitics & Opportunities in the Metals & Mining Sector Keynote: Jeff Stibbard, CEO, JDS Group of Companies, Bridging the Mining Gap with Critical Metals Closing Keynote: Gary Stanely, Office of Materials Industry, U.S. Department of Commerce & International Trade Day III - June 21, 2023 - Producers, Royalty Companies & Developers Keynote: Kelsey Gunderson, President & CEO, National Bank Financial THE Student Sponsorship Awards, Sponsored by Maple Gold Mines & JDS Group of Companies Panel: Do Royalties Rock or Not? Closing Remarks: Joanne Jobin, Founder, THE Event THE Event: Rings the Bell at the Market Open - THE Event is pleased to announce that during the conference it will ring the bell at the market open with Silver Sponsor, TMX Group. The market open will be broadcast by BNN and other TSX affiliated networks. THE Student SponsorshipSponsored by:Maple Gold Mines & JDS Group of Companies - 50 Students in the fields of mining, finance, engineering, metallurgy, earth/social sciences and/or other related mining courses will be hosted at THE Event. Go here for more information on THE Student Sponsorship. https://vidconferences.com/conferences-events/in-person/tier-1-mining-conference/ About THE Event: Canada's only Tier I Global Mining Investment Conference, showcases the best of Canadian and global mining to international investors. THE Event will feature over 100 participating companies, along with industry keynotes and panels over three days. French and English simultaneous translation will be the standard for all speakers, panels, and presentations. A limited number of invitations will be sent to accredited retail investors who will be welcome to view live presentations and attend networking events. Information regarding THE Agenda, participating companies, speakers & panelists, initiatives and registration applications for issuers and investors may be found here: https://vidconferences.com/conferences-events/in-person/tier-1-mining-conference/ Interested parties please contact Jennifer Choi, jchoi@vidconferences.com. Joanne Jobin Principal & Founder IR.INC & VID Media Incorporated jjobin@irinc.ca Jennifer Choi Vice President, Operations IR.INC & VID Media Incorporated jchoi@vidconferences.com Brhett Booker Associate VID Media Incorporated bb@vidconferences.com Facebook Instagram Twitter LinkedIn YouTube To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163127
AEM FFMGF GROY HL HYMC NMG | finance.yahoo | about 2 years ago | Neutral

Gold Royalty Corp. (AMEX:GROY) Q4 2022 Earnings Call TranscriptGold Royalty Corp. (AMEX:GROY) Q4 2022 Earnings Call Transcript March 28, 2023 Joanne Jobin : Good morning. I'm your host, Joanne Jobin. And welcome to another Gold Royalty Town Hall Forum hosted by VID Media. Before we start, I'd like to introduce CEO, David Garofalo, John Griffith, Chief Developm...
Gold Royalty Corp. (AMEX:GROY) Q4 2022 Earnings Call Transcript March 28, 2023 Joanne Jobin : Good morning. I'm your host, Joanne Jobin. And welcome to another Gold Royalty Town Hall Forum hosted by VID Media. Before we start, I'd like to introduce CEO, David Garofalo, John Griffith, Chief Development officer, and Andrew Gubbels, CFO, who will provide an update on recent financial and operating results for the company. After their presentation, I'll be delighted to moderate submitted questions from our audience. Now a few words on the company. Gold Royalty Corp is a precious metals focused royalty and streaming company offering creative financing solutions to the metals and mining industry. It currently has a diversified portfolio of over 190 royalties located in mining friendly jurisdictions throughout the Americas. The company's business model includes acquiring royalties, streams and similar interests at varying stages of the mine lifecycle to build a balanced portfolio offering near medium and longer-term attractive returns for investors. Now, before we get started, I would like to remind you that if you do have any questions for the company, please place them into the Q&A tab at the top of your chat sections. And please ensure that you fill in the short questionnaire at the end of the presentation, as this helps us and the company communicate more effectively with you for future events. And before I turn it over to the team, please note the forward-looking statement at the beginning of this presentation. Gentlemen, the stage is yours. David Garofalo : Thank you, Joanne. Good morning, everybody, and welcome to John and Andrew as well, who'll be presenting along with me. Andrew will be providing a highlight on the financial results for the quarter and our forward looking projections. And John will walk us through our portfolio, very extensive portfolio. Actually now 216 royalties across the portfolio heavily concentrated in the Americas, with even significant concentration in Nevada, Quebec, and Ontario, the three best mining jurisdictions in the world and some of the best producing gold assets in the world. And we'll get into that in a bit more detail as we go through the presentation, but I thought I'd spend a minute talking about the royalty in the gold price of late. Story continues And as we said in the past, when we've talked about the fundamentals for gold, we've always said it's more monetary instrument than a commodity. And really what drives gold price up and down is relative interest rates. While gold as a monetary instrument has always yielded zero treasuries today, whether it's US treasuries or whether we're looking at the European monetary instruments or in the Western world generally, are really yielding negative on a real basis. Even as nominal rates are starting to go up, we're seeing inflation accelerate. And inflation will continue to accelerate because central banks are dealing with a quandary in that we're seeing the monetary system, particularly financial services system, start to collapse underneath because of all the excesses that have been introduced into the system since the credit crisis about 15 years ago. There's been a massive expansion of money supply and excess debt. And as interest rates go up, servicing a debt has become a significant challenge. And we've seen the evidence of that in the financial sector as we've seen banks collapse. And that's just really the beginning, the tip of the iceberg. That's the catalyst for gold, and it has been the catalyst for gold over the last couple of months, as we've seen a significant acceleration in the price as the market has started to realize that the central banks really can tighten monetary conditions significantly with undermining the financial system, undermining governments. Because, as we correctly pointed out, the debt levels that we've strapped on as a society since the onset of this inflation cycle and since the great financial crisis is significantly greater than it was back in the 1970s when we last experienced these types of inflation, debt to GDP global, globally is at about 350% relative to where it was in the 1970s at 100%. So what that tells you is there's very limited latitude for central banks to meaningfully tighten monetary conditions without undermining governments, corporations, and individuals, all of whom are carrying unprecedented debt levels. So while we're seeing the central banks continue to increase interest rates, and, for example, the Federal Reserve has recently tightened interest rates another 25 basis points. That same Federal Reserve introduced $300 billion of new liquidity into the system to stave off bank collapses. And there's more of that to come. So they are sucking and blowing. We're starting to see central banks introduce new money supply into the system even as they are increasing nominal interest rates. What that will serve to do is accelerate inflation and we're going to see inflation levels unlike we haven't seen since the 1970s. And that will drive real interest rates deeper and deeper into negative territory. And the negative correlation, the negative relationship between the gold price and real interest rates is striking and dramatic. And that's why we've been consistent in saying that gold will achieve its new all-time highs of at least $3,000 an ounce. And that's on a real basis because gold back in the early 1980s, in the last big inflation cycle was in excess of $800 an ounce. But if you inflation adjust that to $2,023, that suggests us that gold could go to at least $3,000 an ounce and that would be the real all-time high. So we still have at least 50% upside from the current gold price levels that we're experiencing and that will drive new capital into the gold sector and we think, significant share price appreciation. And we're starting to see the early evidence of that. Since the crisis in banking system, really, which started to manifest itself in early March, we've seen a significant outperformance in both the GDXJ and gold prices relative to the general equity markets. And that's what gold should do in these types and times of crisis, is provide insurance against volatility in the general equity markets. So we've seen the gold price go up dramatically. There's more to that to come and there's more volatility to come in the general equity markets as people's confidence in the economy is undermined and as money supply continues to accelerate, inflation continues to accelerate. People will be looking for gold as a life preserver, as protector and preserver of their savings. Because inflation is insidious, it eats at our savings, whereas gold preserves savings in the face of an inflationary environment. And with that macro discussion, I'd like to pass it on to Andrew to talk about our financial results. Oh, sorry. And I should end my discussion talking about the opportunity I see in the valuations before I hand it off to Andrew to talk about our financial results. You can see that the sector is still significantly discounted. We've still been a relative significant underperformance of the gold equities relative to the gold price and the opportunity we see with Gold Royalty trading at halftimes, NEV with an enviable portfolio of assets within the Americas and peer leading growth as a significant rerate as we crystallize that revenue growth over the coming years. And the thing I should add, we own 216 royalties, but they're completely bought and paid for. There's no capital cause on them. So essentially, we just have to wait for that growth to come to fruition. And the value accretion on a per share basis is immense over the coming years. And the rerate potential of our stock as we achieve that skill organically through the growth of our cash flow from an existing, well diversified portfolio within the best mining jurisdictions of the world, we think is immense and a great opportunity for our shareholders to realize upside. With that, we'll pass it on to Andrew to talk about our financial results. Most Undervalued Gold Stocks To Buy According To Hedge Funds Photo by Ricardo Gomez Angel on Unsplash Andrew Gubbels: Thanks, Dave. You would have seen yesterday we announced our financial results for the quarter ended December 31, 2022. With the change in our fiscal year end from September 30 to December 31, this period will become the fourth quarter of what will be our 2022 fiscal year. In the December quarter, we continue to generate robust revenue from our portfolio, earning $1.1 million in total revenue and option proceeds for that three month period. Now, that's an 11% increase from the same period in 2021. This is largely due to higher revenue contribution from some core royalties, such as Canadian Malartic and Borden. For fiscal 2023, we do expect total revenue and option proceeds to increase year-on-year and we've put forward guidance of $5.5 million to $65. Million in total revenue and option proceeds for the year. And we end the calendar year with a strong financial position as well. We have cash and available liquidity of approximately $35 million and we're well positioned to fund our business and continue to grow the company throughout the year with this liquidity position. Finally, in fiscal 2023, we also expect recurring cash operating costs to be between $7 million and $8 million for the year. Now, this would represent a 30% decrease in recurring operating costs from the prior calendar year and reflects the evolution of our company after a fast start following the IPO and three large strategic acquisitions in our initial growth phase. Now, beyond our financial results, I do want to highlight the company's progress with respect to ESG and ESG disclosure. In 2023, we joined the UN Global Compact and will disclose our ESG performance in an inaugural sustainability study in and around our Investor and Analyst Day in May. Alongside the sustainability report, we also expect to publish our first asset handbook. This important document will provide investors with a detailed look into the assets that make up our market leading growth portfolio. Now, with that, I'll pass it over to John Griffith, our Chief Development Officer, to step through the assets. John Griffith: Thank you very much, Andrew, and it's a pleasure to have you all join us today and thank you for your time. It's worth recalling that it was only two years ago that we went public with a portfolio of 18 royalties, and we now have over 200 royalties that are fully paid for in a portfolio poised to deliver multidecade growth. Our portfolio places us in the top five in terms of the number of royalties behind the likes of Franco-Nevada, Sandstorm and Triple Flag. Our portfolio is organic in the sense that many of the assets are moving forward in the very capable hands of some of the world's leading well capitalized and socially responsible gold producers as noted at the bottom of this page. As our key top tier operating partners work to move these assets along the development pipeline, they become increasingly valuable without Gold Royalty having to raise any additional capital or incur any additional costs. Our seven producing royalties are closely shadowed by 14 royalties on development assets, many of which will be in production over the next several years delivering peer leading revenue growth. Behind the pipeline of development royalties, we have another 38 advanced exploration royalties with resources, many of which present very large gold resource endowments, and the scope to rapidly move into the development phase such as Fenelon, and then we have over 150 exploration royalties, many of which are in the most prolific gold producing regions in the Americas. These royalties provide significant option value to provide meaningful future value accretion over time. Turning to slide 9 as mentioned, the producing and development royalties in our portfolio will be the key drivers of our peer leading growth over the next several years. Using research analyst consensus estimates, Gold Royalty is expected to deliver organic revenue growth on a compound annual growth rate basis of 60% over the next several years. And importantly, we do not need to raise any capital or incur any additional costs to benefit from this growth. Beyond the next several years, we anticipate a continued growth in revenue as assets such as Odyssey, Granite Creek and Cote come online, supported by the Ren Project, the northern extension of Goldstrike as well as Fenelon towards the end of the decade. Turning to slide 10, in addition to having a balanced portfolio operated by many of the world's leading operating companies, our portfolio benefits from being heavily weighted in some of the best mining jurisdictions in the world, as measured by the Fraser Institute. Taking into account factors such as geological prospectivity, access to skilled labor, permitting, and rule of law, over 80% of our net asset value is anchored in the provinces of Quebec and Ontario in Canada, in the state of Nevada, in the USA. And speaking of prospectivity, last year our operating partners drilled over 700,000 meters on our underlying properties. This year, our operating partners are expected to drill a further 600,000 meters. All of this exploration comes with zero cost to Gold Royalty, but with all the upside in potential resource growth. This underscores that our portfolio is not just about quantity of royalties, but also the quality of our assets, in which our operating partners are investing so heavily. Turning to 11, we have grown quickly, but we've also built our business on solid foundations. A number of our royalties are underpinned by assets that are not only among the largest gold mines in North America, but also mines that will produce gold for many decades. This is a differentiating feature of our company. None of our more immediate peers have multiple assets such as Odyssey, Cote and Ren that will all be producing gold this decade and still be producing gold in 2040 and beyond. It is important to emphasize this point, as great mining companies are built on the back of great assets. Franco-Nevada's foundational asset was a royalty on Barrick's Goldstrike mine, and we have a royalty on the Northern extension, an important future contributor to Goldstrike, the Ren project. The attributes of our portfolio are outstanding. We are poised to deliver exceptional growth not just over the next several decades, but well into the next decade. Our confidence in the portfolio allowed us to initiate a dividend early on in the evolution of our company, and it will be instrumental in being able to grow total shareholder return over time. Having addressed some of the macro attributes of our portfolio, I'd now like to speak a bit more in detail about some of our exciting assets. Turning to slide 12, first talking about the Canadian Malartic property. As a reminder, we hold a 3% NSR royalty on portions of the Canadian Malartic Mine and the Odyssey Project. This royalty currently applies to a portion of the Canadian Malartic open pit areas, the eastern end of the Barnat extension where most of the production has occurred to date, and importantly, the northern portion of the Odyssey project. The royalty also applies to portions of East Malartic, Sladen and Sheehan Zones and all of the Jeffrey Zone within the Canadian Malartic Mine property. The previously announced acquisition of Yamana by Agnico Eagle Pan American is expected to close soon, resulting in Agnico Eagle becoming the sole owner and operator of the Canadian Malartic property. The Canadian Malartic and Odyssey mines will now form the Canadian Malartic Complex. For 2023, Agnico Eagle disclosed that production is expected to be sourced from the Canadian Malartic pit, the Barnat pit and the Odyssey mine complemented by ore from the low grade stockpiles. The Canadian Malartic pit is expected to be exhausted late in the first half of 2023. Production from the Ren sections of the Odyssey mine is expected to commence in March 2023 with the mined ore to be processed at the Canadian Malartic mill. The Odyssey mine is forecast to gradually ramp up production in 2023, with production from the shaft commencing in 2027. Agnico Eagle expects to have up to 40,000 tons per day of excess mill capacity at the Canadian Malartic Complex starting in 2028 as processing of the open pit ore and low grade stockpile begins to wind down. And processing transitions to the higher ground underground Odyssey mine. Turning to Cote Gold Project, we hold a 0.75% NSR royalty over the southern portion of the Cote Gold project located in Ontario. IAMGOLD has disclosed that Cote Gold project was estimated to be approximate least 73% complete at the end of 2022. IAMGOLD also disclosed that the aggregate anticipated proceeds from asset sales combined with the funds to be provided by Sumitomo under the joint venture for the mine, will meet the estimated remaining funding requirements for the completion of construction at Cote. IAMGOLD further stated that Cote is expected to commence production in early 2024 when it is expected to become Canada's third largest gold mine by production. Turning to the Ren project, we hold a 1.5% NSR and a 3.5% NPI over the Ren project, part of Barrick's Carlin Complex in Elko County, Nevada. On February this year, as part of the company's 2022 results announcement, Barrick highlighted an increase in inferred resources at Ren to 1.6 million ounces and stated that growth is expected to continue in 2023. At Ren, drilling continues to grow inferred resources in the JV zone as well as confidence in the continuity of mineralization at the Corona Corridor where MRC-22002 drilled within the Devonian Rodeo Creek Formation returns 16 meters at 17.35 grams per ton of gold. Turning to the Fenelon Gold project, we hold a 2% NSR royalty over the vast majority of the Fenelon Gold project located in Quebec. On January this year, Wallbridge announced an updated mineral resource estimate for the Fenelon project prepared under NI-43101. The updated mineral resource estimate is expected to form the foundation for Wallbridge's upcoming PEA on Fenelon, which is expected to be completed in the second quarter of this year. Warbridge also announced its 2023 exploration plan, which includes 15,000 meters of drilling on the Fenelon project, which remains open laterally and at depth in multiple directions. The drill program will follow up on recent exploration results that continue to expand the known gold system. In addition, Wallbridge will continue derisking the project with further technical studies, environmental and permitting activities. Turning to Granite Creek. We hold a 10% NPI over Granite Creek Mine in Nevada. On March this year, i-80 provided an update and recap of progress at Granite Creek. The 2022 underground drill program was focused on delineating mineralization for mining, as well as upgrading and expanding resources expected to provide the bulk of mineralization to be mined in the following 12-months, multiple underground levels have been developed, especially at the Ogee Zone, and i-80 continued to extend the decline to depth with the goal of initiating access to the new South Pacific Zone located immediately below and to the north of the underground mine workings. i-80 targets to complete underground drilling and bring the newly discovered South Pacific Zone into the Granite Creek mine plan in 2023 And finally turning to Jarrett Canyon. We hold a 0.5% NSR over the Jarrett Canyon mine in Elko County, Nevada. We also hold an incremental per ton royalty interest on the Jarrett Canyon Processing Facility. On March 20 this year, First Majestic announced it's taking action to reduce overall costs by reducing investments, temporarily suspending all mining activities, and reducing its workforce at Jarrett Canyon effective immediately. During the suspension, First Majestic intends to process approximately 45,000 tons of aboveground stockpiles through the plant. Exploration activities are expected to also continue throughout 2023 with several additional plans for optimization of the asset. As a result of the suspension, First Majestic's previous production and cost guidance for Jerritt Canyon can no longer be relied upon. First Majestic's revised consolidated production and cost guidance, including capital investments, are expected to be published in July. Gold Royalty notes that Jerritt Canyon accounts for less than 2% of its portfolio net asset value based on consensus estimates. And with that, I conclude my remarks and hand back to Dave. David Garofalo : Thanks very much, John. And thank you all for your attention today. And I think what's indisputable is that we are headed into what I think is an unprecedented bull run for gold. The ingredients are there in terms of an accelerating inflationary environment, a likely pivot by the Federal Reserve and central banks globally to easing monetary condition because they're faced with the conflicting challenges of high inflation but also a financial contagion. And they're going to have to do increasing liquidity to stave off financial room within the financial services sector, not unlike what we had in the great financial crisis just 15 years ago. So we're likely to enter into a period where gold will exceed all-time highs of $3,000 an ounce on a real basis. In that type of environment, we do expect gold equities to respond. And what's also striking is that gold equities have not responded even though gold on a nominal basis is achieving all-time highs again, we've still seen gold equities discounted severely from where they were the last time gold was above $2,000 an ounce, at least 30% below their all-time high. In the producer universe, I think that's factored by or influenced by the fact that producers are not immune from inflation that we're experiencing in the general economy and that's certainly weighing on their valuations. That's why we believe that the royalty space is the best place to get optimum leverage to gold price and optimum leverage to expiration while protecting yourself from inflation in the underlying gold producer universe. And no company is better positioned for rising gold prices than Gold Royalty from a couple of respects, we have increasing production from our underlying royalty portfolio and we have peer leading growth in revenue. Admittedly, we're in a space in the equity markets where growth is being severely discounted as nominal rates go up, and that certainly led to underperformance, but we think that as monetary conditions ease, as the gold price goes up, we're uniquely positioned to provide the best growth from the best jurisdictions in the world, Nevada, Quebec, and Ontario, where we have a heavy concentration in our portfolio. And as I said, we have optimum leverage to exploration. Last year, our operating partners invested over $200 million, or 700,000 meters of diamond drilling on their underlying properties, growing the reserves and sources, and exposing our shareholders to that exploration upside. And we expect a similar exploration focus from our operating partners over the course of 2023, which will lead to further exploration upside within our portfolio. So I think we're excellently positioned to not only grow our cash flow, but also grow our dividend over time, and also well positioned with strong liquidity on the balance sheet to participate in new opportunities as they come our way over the course of the next year or so. With that, we'd be delighted to take questions from our shareholders. Thank you so much for your attention today. See also 11 Biggest Dropshipping Suppliers in USA and 15 Best Cyclical Stocks to Buy Now. To continue reading the Q&A session, please click here.
GROY | finance.yahoo | about 2 years ago | Neutral

GOLD ROYALTY CORP. ANNOUNCES QUARTERLY RESULTS AND FORECASTS CONTINUED GROWTH IN 2023VANCOUVER, BC, March 27, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE: GROY) is pleased to announce the filing of its operating and financial results for the three-month transition period ended December 31, 2022. As previously announced, the Company has changed its ...
VANCOUVER, BC, March 27, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE: GROY) is pleased to announce the filing of its operating and financial results for the three-month transition period ended December 31, 2022. As previously announced, the Company has changed its fiscal year end to December 31 to better align with the reporting cycle of its peers. All amounts expressed in U.S. dollars unless otherwise noted. David Garofalo, Chairman and CEO of Gold Royalty, commented, "Gold Royalty's portfolio of long-life, high-quality assets saw several significant advancements in the first quarter of 2023. The organic growth within our portfolio is coming to fruition, fueling increased revenue and cash flow as key development stage royalties enter production over the coming years. Odyssey is ramping up production in 2023; Côté is on track to commence production in 2024; and Ren continues to grow as a key high-grade extension of the Goldstrike Mine. With a strong balance sheet and access to capital, we enter 2023 well-positioned to deliver long-term shareholder value through our significant organic growth profile." Highlights for the three months ended December 31, 2022, include: Total Revenue and Option Proceeds of $1.1 million for the three months ended December 31, 2022, an 11% increase from the three months ended December 31, 2021. "Total Revenue and Option Proceeds is a non-IFRS Measure. See "Non-IFRS Measures". With approximately $35 million in available liquidity, inclusive of a $15 million accordion feature in its credit facility (available subject to certain additional conditions), the Company is positioned well for further growth. The Company forecasts between $5.5 million and $6.5 million in Total Revenues and Option Proceeds in 2023. Gold Royalty now holds 216 royalties with a focus on the top ranked mining jurisdictions in the Americas (Fraser Institute Annual Survey of Mining Companies 2021 Investment Attractiveness Index). Gold Royalty declared its fifth consecutive quarterly dividend in 2022, yielding over 1.8% at current share prices. Story continues The following table sets forth selected financial information for the three-month transition period ended December 31, 2022 and the three months ended December 31, 2021, respectively: Three months ended December 31, 2022 December 31, 2021 (in thousands of dollars, except per share amounts) ($) ($) Total revenue 582 533 Net loss (2,204) (6,841) Net loss per share, basic and diluted (0.02) (0.06) Dividends declared per share 0.01 — Non-IFRS and Other Measures Total Revenue and Option Proceeds* 1,131 1,018 Adjusted Net Loss* (3,373) (3,540) Adjusted Net Loss Per Share, basic and diluted* (0.02) (0.03) Total Gold Equivalent Ounces 336 297 Cash flow used in operating activities, excluding changes in non-cash working capital* (2,315) (5,894) Adjusted Cash flow used in operating activities, excluding changes in non-cash working capital and transaction related expenses* (2,200) (1,836) * See Non-IFRS Measures below. For further detailed information, please refer to the Company's audited financial statements and management's discussion and analysis, for the three months ended December 31, 2022, copies of which are available under the Company's profile at www.sedar.com and www.sec.gov. Outlook Gold Royalty expects to receive $5.5 million and $6.5 million in Total Revenues and Option Proceeds in 2023 based on the production guidance published to date by the operators of the properties underlying the Company's existing royalties and a forecasted gold price ranging from $1,700 per ounce to $2,000 per ounce and expected payments on optioned properties. The Company expects to incur $7.0 million to $8.0 million in recurring cash operating expenses in 2023, a midpoint decrease of 30% compared to fiscal 2022. Gold Royalty is poised to generate net free cash flow in 2024 when a number of its growth projects ramp up in production, including the long-life cornerstone mines at Cote and Odyssey. The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management's current expectations for the Company's 2023 fiscal year. Although considered reasonable as of the date hereof, such outlook and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company's expectations as set forth herein. See "Forward-Looking Statements". In preparing the above outlook, the Company assumed, among other things, that the operators of the projects underlying royalties will meet expected production milestones and forecasts for the applicable period and that operators of optioned properties will elect to make all expected option payments over the period. This section includes forward-looking statements. See "Forward-Looking Statements". Portfolio Update Odyssey Project (3.0% NSR royalty over the northern portion of the project): On February 16, 2023, Agnico Eagle Mines Limited ("Agnico Eagle") disclosed that the Canadian Malartic mine and the Odyssey mine will now form the Canadian Malartic Complex. Initial production from the underground Odyssey mine commenced in March 2023, with production ramping up through the remainder of the year. Infill drilling continues to expand and upgrade mineral resources. 102,000 metres of exploration drilling is planned for 2023 at Odyssey with four key objectives: conversion of resources to higher confidence at East Gouldie; testing the extents of East Gouldie; converting extensions of the Odyssey South deposit; and further exploration of additional internal zones at Odyssey. Côté Gold Project (0.75% NSR royalty over the southern portion of the project): On February 16, 2023, IAMGOLD Corporation ("IAMGOLD") disclosed that, as of December 31, 2022, the Côté Gold project was estimated to be approximately 73% complete. It further disclosed that IAMGOLD believes that the aggregate proceeds from the sale of its interest in the Rosebel mine, the anticipated proceeds from the sale of the Bambouk assets and funds to be provided by Sumitomo under the joint venture for the mine will meet the estimated remaining funding requirements for the completion of construction at the Côté Gold Project based on the current schedule and estimate. IAMGOLD further stated that the Côté Gold project is expected to commence production in early 2024 when it is expected to become Canada's third largest gold mine by production. Ren Project (1.5% NSR royalty and 3.5% NPI): On February 15, 2023, Barrick Gold Corporation ("Barrick") announced its 2022 results, including updates on the Carlin Complex and updated resource estimates for Ren as at December 31, 2022. At Ren, indicated mineral resources increased to 62 koz of gold (0.17 Mt at 11.04 g/t) and inferred resources increased to 1,600 koz of gold (7.4 Mt at 6.6 g/t), an increase in inferred ounces of roughly 33% compared to the 2021 maiden mineral resource estimate for the project. Barrick expects further exploration success and resource growth at Ren in 2023. Fenelon Gold Project (2.0% NSR royalty over the majority of the project): On January 17, 2023 Wallbridge Mining Company Limited ("Wallbridge") announced an updated mineral resource estimate with an effective date of March 3, 2023 for the Fenelon Gold project that outlined indicated resources of 2,370 koz of gold (21.7 Mt at 3.40 g/t) and inferred resources are 1,720 of gold (18.5 Mt at 2.89 g/t). The updated mineral resource estimate is expected to form the foundation for Wallbridge's upcoming preliminary economic assessment of Fenelon, which is expected to be completed in the second quarter of 2023. Granite Creek Mine Project (10.0% NPI): On March 14, 2023, i-80 provided an update and recap of progress at the Granite Creek Mine Project during the 2022. Multiple underground levels have been developed, especially on the Ogee Zone, and i-80 continued to extend the decline to depth, with the goal of initiating access to the new South Pacific Zone located immediately below and to the north of the underground mine workings. i-80 targets to complete underground drilling and bring the newly discovered South Pacific Zone into the Granite Creek mine plan in 2023. In the upper parts of the mine, high-grade gold mineralization was being defined in the Otto, Adam Peak and Range Front horizons, while from the lower levels drilling was focused on defining mineralization in the Ogee Zone that is expected to be the primary zone in the near future. Jerritt Canyon Mine (0.5% NSR royalty & PTR): On March 20, 2023 First Majestic announced it is taking action to reduce overall costs by reducing investments, temporarily suspending all mining activities and reducing its workforce at Jerritt Canyon effective immediately. During the suspension, First Majestic intends to process approximately 45,000 tonnes of aboveground stockpiles through the plant. Exploration activities are expected to also continue throughout 2023 with several additional plans for optimization of the asset. As a result of the suspension, First Majestic's previous production and cost guidance for Jerritt Canyon can no longer be relied upon. First Majestic's revised consolidated production and cost guidance, including capital investments, are expected to be published in July. Gold Royalty notes that Jerritt Canyon accounts for less than 2% of its portfolio net asset value based on consensus estimates. Investor Webcast An investor webcast will be held on Tuesday, March 28, 2023 starting at 11:00 am ET (8:00 am PT) to discuss these results. Management will be providing an update to interested stakeholders on the Company's quarterly results including key recent catalysts that have been announced on the assets underlying the Company's royalties. The presentation will be followed by a question-and-answer session where participants will be able to ask any questions they may have of management. To register for the investor webcast, please click the link below: https://www.bigmarker.com/vid-conferences/GoldRoyalty-Mar-2023-Results-Webcast About Gold Royalty Corp. 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. Qualified Persons Alastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects of Canadian Securities Administrators and has reviewed and approved the technical information disclosed in this news release. Non-IFRS Measures We have included, in this news release, certain performance measures that do not have standardized meanings prescribed under International Financial Reporting Standards ("IFRS"), including: (i) Total Revenue and Option Proceeds, which is determined by adding proceeds from option agreements to revenue; (ii) Adjusted Net Loss, which is determined by deducting transaction-related expenses, share of loss and dilution gain in associate, impairment, changes in fair value of derivative liabilities and short-term investments, gain on loan modification, foreign exchange gain/(loss) and other income from net income (loss); (iii) Adjusted Net Loss Per Share, which is determined by dividing Adjusted Net Loss by the weighted average number of common shares for the applicable period; (iv) cash flows from operating activities, excluding changes in non-cash working capital, which is determined by excluding the impact of changes in non-cash working capital items to or from cash used in operating activities; (v) cash flows from operating activities, excluding changes in non-cash working capital and transaction related expenses, which is determined by deducting transaction-related expenses from cash flows from operating activities, excluding changes in non-cash working capital; and (vi) Gold Equivalent Ounces, which are determined by dividing revenue by the average gold price for the applicable period. Each of these are non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company presents such measures as it believes that certain investors use this information to evaluate the Company's performance in comparison to other royalty companies in the precious metals mining industry. Readers are advised that other companies may calculate such measures differently. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For additional information, including a numerical reconciliation of such non-IFRS measures, readers should refer to the section titled "Non-IFRS Measures" in the Company's management's discussion and analysis for the three months ended December 31, 2022, which is incorporated by reference herein and available under the Company's profile at www.sedar.com. Notice to Investors Disclosure relating to properties in which Gold Royalty holds royalty or other interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Forward-Looking Statements: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), including but not limited to statements regarding: estimated future Total Revenues and Option Proceeds; expectations regarding the development of the projects underlying the Company's royalty interests; expectations regarding the Company's growth and statements regarding the Company's plans and strategies. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended September 30, 2022 and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Cision View original content:https://www.prnewswire.com/news-releases/gold-royalty-corp-announces-quarterly-results-and-forecasts-continued-growth-in-2023-301782603.html SOURCE Gold Royalty Corp.
GROY | finance.yahoo | about 2 years ago | Neutral

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Gold Royalty Corp. (GROY)

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors. Gold Royalty Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada.

Exchange: NYSE MKT

IPO Date: 3/9/2021

Sector: Basic Materials

Industry: Gold

Employees: 12

Address: 1188 West Georgia Street, Vancouver, BC, Canada, V6E 4A2

https://www.goldroyalty.com

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