Core Viewpoint - Gold Royalty Corp. has successfully completed the acquisition of a royalty on the Pedra Branca copper and gold mine, enhancing its portfolio in the mining sector [1]. Group 1: Acquisition Details - The acquired royalty includes a 25% net smelter return (NSR) on gold and a 2% NSR on copper and other products from the Pedra Branca mine [2]. - The Pedra Branca mine encompasses the Pedra Branca West and Pedra Branca East areas, along with the former Antas North mine, which has been fully depleted [2]. Group 2: Company Overview - Gold Royalty Corp. is a royalty company focused on gold, providing innovative financing solutions to the metals and mining industry [3]. - The company's mission is to invest in high-quality, sustainable, and responsible mining operations, aiming to build a diversified portfolio of precious metals royalty and streaming interests that yield superior long-term returns for shareholders [3]. - Gold Royalty's current portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [3].

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Core Viewpoint - The acquisition of the Pedra Branca Copper and Gold Royalty is expected to significantly enhance the company's revenue and is a strategic addition to its existing portfolio [3]. Group 1: Acquisition Details - The company acquired the royalty from BlackRock World Mining Trust plc for USD 70 million in cash [3]. - The royalty consists of a 25% gold net smelter return (NSR) and a 2% copper NSR on BHP's Pedra Branca mine, which has been operational since 2020 [3]. - This acquisition is projected to be approximately 10% accretive to the company's net asset value per share [4]. Group 2: Strategic Fit - The Pedra Branca acquisition complements the company's gold-focused portfolio while also enhancing its exposure to copper in low-risk jurisdictions [3].

Summary of Gold Royalty Conference Call on Pedra Branca Acquisition Company and Industry - **Company**: Gold Royalty (NYSEAM:GROY) - **Industry**: Mining and Royalty Companies, specifically focused on gold and copper Key Points and Arguments 1. **Acquisition Announcement**: Gold Royalty announced the acquisition of the Pedra Branca Copper and Gold Royalty for $70 million in cash from BlackRock World Mining Trust PLC, which is expected to significantly enhance revenues immediately [2][3] 2. **Royalty Details**: The acquisition includes a 25% gold Net Smelter Return (NSR) and a 2% copper NSR on BHP's Pedra Branca mine, which has been operational since 2020 [3][6] 3. **Financial Impact**: The acquisition is estimated to be approximately 10% accretive to net asset value per share and 45% accretive to cash flow per share in 2026, with a 15% increase expected in 2029 [3][4] 4. **Equity Financing Success**: The equity issuance was nearly two times oversubscribed, increasing from an initial $70 million to $90 million, resulting in gross proceeds of $103.5 million [4][12] 5. **Debt-Free Status**: Following the acquisition and equity financing, Gold Royalty is now completely debt-free and has nearly $100 million in cash and unutilized credit lines for future growth [4][14] 6. **Production Estimates**: For the 12 months ending June 30, attributable production is expected to exceed 2,800 gold-equivalent ounces, translating to over $12 million in royalty revenue at current prices [5][9] 7. **Mine Life and Resource Potential**: The Pedra Branca mine is expected to support a mine life of over 15 years, with significant exploration upside potential [8][10] 8. **Future Ownership**: The mine is currently operated by BHP, which acquired it from Oz Minerals in 2023, and is expected to be sold to Corex Holding in early 2026 [6][10] 9. **No Right of First Refusal**: Gold Royalty does not have a right of first refusal on other deposits associated with Pedra Branca, but plans to develop a strong relationship with Corex for potential future opportunities [24] Other Important Information 1. **Market Confidence**: The participation of BlackRock in both the acquisition and the equity raise indicates strong confidence in Gold Royalty's portfolio and growth potential [4][21] 2. **Strategic Growth Approach**: Gold Royalty emphasizes a disciplined approach to growth, focusing on accretive opportunities and maintaining attractive double-digit rates of return [22][14] 3. **Share Price Performance**: The company's share price has increased more than threefold over the year, reflecting strong market performance and investor confidence [27]

Pedra Branca Royalty Acquisition - Gold Royalty Corp is set to acquire a royalty over the Pedra Branca mine in Brazil for $70 million in cash from BlackRock World Mining Trust plc[9, 39] - The royalty terms include a 25% net smelter royalty (NSR) on gold and a 2% NSR on copper[9, 39] - The royalty covers the Pedra Branca East and West deposits without step-downs or buybacks[9, 39] - The Pedra Branca East mine achieved first production in 2020 as a 1.0 million tonnes per annum (Mtpa) operation[9, 39] Financial Performance and Outlook - The royalty generated approximately $7.9 million in revenue for the 12 months ended June 30, 2025, equivalent to approximately 2,800 gold equivalent ounces (GEOs)[15, 39] - Gold Royalty is now debt-free with nearly $100 million in available cash and unused credit facilities[16] Asset Details - Pedra Branca is located in the Carajás region of Brazil's Pará state[9, 39] - Mineral resources at Pedra Branca are estimated at 26 million tonnes (Mt) at 0.41 g/t Au and 1.38% Cu[21] - The mine has proven reserves of 1.3 Mt at 0.48 g/t Au and 1.80% Cu, and probable reserves of 3 Mt at 0.49 g/t Au and 1.85% Cu[26] Ownership and Strategic Support - CoreX Holding BV agreed to acquire Pedra Branca from BHP on August 18, 2025[9, 39] - CoreX Holding is a global holding company operating across 10 industries, with a focus on metals and mining[35] - Strategic investors and insiders hold 10% of the company's shares, with institutional investors holding 10% and public and other investors holding 8%[37]

VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce the closing of its previously announced public offering (the "Offering") of common shares of the Company. Pursuant to the Offering, the Company issued, on a bought deal basis, 25,875,000 common shares (the “Common Shares”), including 3,375,000 Common Shares pursuant to the full exercise of the over-allotment option, at a price of US$4.00 per share, ...

Core Viewpoint - Gold Royalty Corp. has announced an agreement to acquire a cash-flowing gold and copper royalty over the Pedra Branca mine in Brazil, indicating a strategic move to enhance its portfolio in the precious metals sector [1]. Group 1: Acquisition Details - The company will host a conference call on December 11, 2025, at 10:00 a.m. ET to discuss the Pedra Branca acquisition [2]. - A presentation related to the transaction will be available on Gold Royalty's website, and a replay of the event will be accessible after the presentation [2]. Group 2: Company Overview - Gold Royalty Corp. focuses on providing creative financing solutions to the metals and mining industry, aiming to invest in high-quality, sustainable mining operations [3]. - The company's portfolio primarily consists of net smelter return royalties on gold properties located in the Americas, reflecting its commitment to generating superior long-term returns for shareholders [3].

Core Viewpoint - Gold Royalty Corp. (GROY) is focused on acquiring and managing gold royalties, providing investors exposure to gold prices without mining risks [1] Group 1: Financial Performance and Stock Information - National Bank has set a price target of $5.50 for GROY, indicating a potential increase of approximately 34.8% from its current price of $4.08 [2][6] - GROY's stock has increased by 5.70%, reaching a high of $4.08, with fluctuations between $3.83 and $4.08 during the day [4][6] - Over the past year, GROY's stock has ranged from a low of $1.16 to a high of $4.49, with a market capitalization of approximately $694.27 million [4] Group 2: Financing and Investor Interest - GROY plans to issue 22.5 million common shares at $4.00 each, aiming to raise $90 million due to high demand [2][5] - The financing is managed by National Bank Capital Markets, BMO Capital Markets, and RBC Capital Markets, reflecting strong investor interest and confidence in GROY's growth prospects [3] - Today's trading volume for GROY is 5,674,715 shares, indicating active investor interest [5]

Core Viewpoint - Gold Royalty Corp (AMEX:GROY) is positioned as a significant player in the gold royalty sector, providing investors with exposure to gold prices through its diverse portfolio of royalty interests [1] Financial Performance - Gold Royalty has demonstrated substantial financial improvement, achieving recurring cash flow with two consecutive quarters of positive operational cash flow and record EBITDA [3] - The company's revenue has nearly doubled year-over-year, driven by increased metals flow from its portfolio, indicating a strong growth trajectory [3] Stock Performance and Market Sentiment - BMO Capital upgraded GROY to "Outperform" on December 9, 2025, raising its price target from $4.50 to $4.75, reflecting optimism about the company's growth prospects [2][6] - The stock price was approximately $4.08 at the time of the upgrade, showing an increase of about 5.57% with a daily rise of $0.21 [4][6] - GROY's stock has fluctuated between a low of $3.83 and a high of $4.08 during the trading day, with a market capitalization of approximately $693.4 million and a trading volume of 5,688,463 shares [5] Volatility and Risk Profile - Despite improved fundamentals, GROY is perceived as a leveraged play on gold prices, exhibiting high beta characteristics, which indicates higher volatility and sensitivity to changes in gold prices [4][6]

Core Insights - Gold Royalty has agreed to acquire a royalty on the Pedra Branca mine for $70 million, enhancing its gold and copper exposure [1][2] - The acquisition includes a 25% net smelter return (NSR) royalty on gold and a 2% NSR royalty on copper and other products [2] - The Pedra Branca mine is currently operated by BHP Group, which has extended its mine life and reported increases in resources and reserves [7] Financial Aspects - The royalty expense recorded to the prior holder was approximately $7.9 million for the 12 months ended June 30, equivalent to about 2,800 gold-equivalent ounces at an average gold price of $2,811 per ounce [3] - To fund the acquisition, Gold Royalty plans to raise $70 million through a bought deal financing, selling 17.5 million common shares at $4.00 per share [5] - Gold Royalty's stock closed at $3.85, down 9.5%, with a market capitalization of $758.3 million [5] Operational Context - The Pedra Branca mine is part of the Carajás East operation, previously held by Oz Minerals, which began production in 2020 [6] - BHP took over the project through its acquisition of Oz in 2023 and has reported significant resource estimates, including 2.4 million tonnes at 1.68% copper and 0.47 g/t gold [7] - A pending acquisition of Pedra Branca by CoreX Holding BV, valued at up to $465 million, is subject to customary closing conditions [8]