Thursday, October 16, 2025

Latest

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 the Bank of Montreal. The endeavor entails the financial institution to provide up to US$25 million revolving credit facility to the firm.

The gold-focused royalty company gets to secure a fully underwritten US$10 million revolving credit with an accordion feature for an additional US$15 million upon meeting certain undisclosed conditions.

“We are excited to have the support of BMO as this up to US$25 million facility strengthens our balance sheet and provides us with further financial flexibility as we continue to grow our already strong and well-diversified royalty portfolio,” said Gold Royalty Chief Financial Officer Josephine Man in a statement.

The credit facility is expected to close on September 30, 2021, and will mature on December 31, 2022. The firm said it intends to use the credit facility for acquisitions, investments, and general corporate purposes.

In August, the royalty company closed the acquisition of Ely Gold Royalties Inc. (TSXV: ELY) for an aggregate consideration of $84 million in cash and 30.9 million shares, and the acquisition of royalties on Monarch Mining Corp. (TSX: GBAR) properties for $15 million.

Gold Royalty last traded at US$4.35 on the NYSE.


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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Why This Gold Run Isn’t Over Yet! | Scott Hicks – Prime Mining

Scott Hicks, CEO of Prime Mining Corp. (TSX:PRYM), shares his take on gold hitting record...

Friday, September 19, 2025, 03:47:00 PM

Barrick Gold Disputes Human Rights Allegations At North Mara

Barrick Gold Corp (TSX: ABX) said on Tuesday that it believes the law firm Leigh...

Tuesday, December 13, 2022, 09:25:14 AM

US$2.8 Billion Worth of Loans Found To Be Backed by Chinese Counterfeit Gold

Not only is the Chinese province of Hubei now infamously known as where the deadly...

Tuesday, June 30, 2020, 11:48:24 AM

Kirkland Lake Gold Declares US$667 Million In Revenue For Q3 2021

Kirkland Lake Gold Ltd. (TSX: KL) reported today its financial and operational results for Q3...

Thursday, November 4, 2021, 10:49:00 AM

West Red Lake Announces Fall Drill Program At NT Zone

West Red Lake Gold Mines (CSE: RLG) this morning announced that it is currently planning...

Thursday, September 10, 2020, 11:04:53 AM