Wednesday, October 8, 2025

Latest

Gold Royalty Looks To Acquire Royalties On Monarch Mining Properties For $15 Million

Gold Royalty Corp. (NYSE: GROY) announced today that it has signed a definitive agreement to acquire gold royalty interests on the assets of Monarch Mining Corp. (TSX: GBAR). The acquisition is reported to be for consideration of $15 million.

The royalty firm is looking to acquire royalties on Monarch Mining properties worth $2.50 per tonne of material from Beaufor mine and processed through Beacon mill. The transaction also includes acquiring 2.5% net smelter return royalty on Croinor Gold, McKenzie Break, and Swanson properties, and 1.0% net smelter return royalty on Beaufor property.

The first $11.25 million of the acquisition price will be paid upon closing and the remaining $3.75 million will be paid six months after the transaction closes.

The transaction is expected to close on August 2021, subject to regulatory approvals and customary closing conditions.

Monarch Mining announced in June 2021 that it plans to reopen its wholly-owned Beaufor mine and Beacon mill by June 2022.

Gold Royalty last traded at US$5.01 on the NYSE while Monarch Mining last traded at $0.88 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Gold Royalty Updates Stakeholders With Royalties Portfolio Following Abitibi, Golden Valley Acquisition Announcement

Gold Royalty Corp. (NYSE: GROY) announced this morning the portfolio of the resulting royalty company...

Monday, September 27, 2021, 10:38:00 AM

Monarch Mining Expands McKenzie Break To The South With 36 Additional Claims

Monarch Mining Corp (TSX: GBAR) this morning significantly expanded the size of its McKenzie Break...

Monday, March 8, 2021, 09:16:58 AM

Is Gold To See A Violent Move Upward? – The Daily Dive

Today on the Daily Dive, we welcome back David Garofalo, the Chairman and CEO of...

Tuesday, November 23, 2021, 01:30:00 PM

Gold Royalty Reports Q2 Gold Equivalent Production of 1,346 Ounces

Gold Royalty Corp (NYSE: GROY) is reporting that they have achieved record revenue for the...

Friday, July 25, 2025, 09:14:07 AM

Gold Royalty Sees US$25 Million Revolving Credit Facility Commitment From Bank Of Montreal

Gold Royalty Corp. (NYSE: GROY) this morning announced the signing of a commitment letter with...

Friday, September 3, 2021, 10:38:00 AM