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 following the previously announced plans to acquire Abitibi Royalties (TSXV: RZZ) and Golden Valley Mines and Royalties (TSXV: GZZ). The updated list of royalties also reflects the acquisitions of Ely Gold Royalties Inc. (TSXV: ELY) and Monarch Mining Corp. (TSX: GBAR).

The gold-focused royalty company, updated that it will have a total of six royalty interests on five producing mines. This includes a 0.50% NSR and a per-ton royalty on the Jerritt Canyon mine in Nevada, which saw First Majestic as its new owner starting April 2021; and a 0.375%-3.0% NSR on the Isabella Pearl mine in Nevada.

In terms of royalties in the pipeline, the company said it will have seven royalty interests on six projects under development. This includes a 3.0% NSR on the Odyssey project in Quebec, which had its operators start underground drilling in July 2021; a 1.0% NSR on the Beaufor mine and a per ton royalty on the Beacon mill, which are both operated by the recently acquired Monarch Mining.

The royalty firm also shared that it will have royalty interest in nine projects currently in feasibility or assessment stages. This includes a 2.0% NSR on the Fenelon property in Quebec; a 2.25% NSR on the Hog Ranch property in Nevada, which had its recent results suggest a potential expansion of resource estimates; and a 2.25%-4.0% NSR on the Cheechoo project, which is set to release its initial PEA study in 2022.

The company also relayed its strategy to continue the developed royalty generator model established by Ely Gold, Abitibi, and Golden Valley. The model calls for “staking, selling or optioning mineral projects while retaining a royalty”. Included in this model are a 3.0% NSR on the Tonopah West project in Nevada, a 2.0% NSR on the Rodeo Creek property in Nevada, and a 1.5% NSR on the Centremaque property.

Gold Royalty last traded at US$5.41 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

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Monarch Mining Places Beaufor Mine On Care And Maintenance

After continued struggles at the Beaufor Mine, Monarch Mining (TSX: GBAR) is placing the mine...

Wednesday, September 28, 2022, 08:14:46 AM

David Garofalo: “Gold Will Go Up Violently”

Joining SmallCapSteve this afternoon is David Garofalo, Chairman & CEO of Gold Royalty Corp (NYSE:...

Friday, September 23, 2022, 01:30:00 PM

Gold Royalty Takes Offer To Acquire Elemental Royalties Directly To Shareholders

Gold Royalty Corp. (NYSE: GROY) declared today its intent to acquire Elemental Royalties Corp. (TSXV:...

Monday, December 20, 2021, 10:43:00 AM

Gold Royalty Sees 90% Revenue Surge in Q3 2024

Gold Royalty Corp. (NYSE: GROY) has reported a 90% year-over-year increase in total revenue, land...

Thursday, October 24, 2024, 09:15:00 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