Core Points - Gold Royalty Corp. has increased its bought deal financing due to excess demand, now issuing 22,500,000 common shares at a price of US$4.00 per share, resulting in gross proceeds of US$90.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising total gross proceeds to approximately US$103.5 million [1] - The closing of the offering is expected around December 11, 2025, subject to customary closing conditions [2] Offering Details - The offering will be conducted in Canada (excluding Quebec and Nunavut) and the U.S., with a prospectus supplement filed with the SEC [3] - The offering is part of a Canadian short form base shelf prospectus dated August 2, 2024, and a registration statement on Form F-3 has been declared effective by the SEC [3] - Documents related to the offering can be accessed for free on SEDAR+ and SEC's EDGAR systems [4] Settlement and Trading - Delivery of the common shares is expected to occur on a T+3 settlement cycle, which is three business days after the prospectus supplement date [5] - Secondary market trades generally require a T+1 settlement unless otherwise agreed, impacting purchasers wishing to trade before the closing date [6] Company Overview - Gold Royalty Corp. focuses on providing financing solutions in the metals and mining industry, aiming to invest in sustainable mining operations [8] - The company’s portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [8]

Gold Royalty (GROY) -5.6% pre-market Monday after saying it agreed to acquire an existing royalty on the Pedra Branca mine in Brazil from BlackRock World Mining Trust for $70 million in cash. Pedra Branca is currently owned and operated by ...

Group 1 - The company, Gold Royalty Corp. (GROY), has entered a recurring cash flow phase with two consecutive quarters of positive operational performance [1] - The investment strategy employed focuses on uncovering high-upside opportunities in overlooked sectors, particularly small-caps, energy, and commodities [1] - The analysis incorporates fundamental momentum indicators such as EPS, ROE, and revenue, along with price-volume confirmation and macroeconomic filters [1] Group 2 - The analyst utilizes econometric tools like GARCH and Granger causality to assess risk, volatility, and the influence of macro data on market cycles [1] - The approach emphasizes building conviction through a combination of technical, fundamental, and catalyst signals rather than relying on a single indicator [1] - The analyst has been managing personal capital since 2020 and has a background in Business Administration and Economics, currently pursuing a master's in Finance [1]

Core Insights - The company, Gold Royalty Corp. (GROY), has entered a recurring cash flow phase, achieving positive operational results for two consecutive quarters [1] Group 1: Company Performance - The company has demonstrated a shift in its operational performance, indicating a more stable financial outlook [1] - The focus on uncovering high-upside opportunities in overlooked sectors, particularly in small-caps, energy, and commodities, remains a key strategy [1] Group 2: Investment Strategy - The investment strategy employed is based on the CAN SLIM framework, emphasizing fundamental momentum indicators such as EPS, ROE, and revenue [1] - The use of econometric tools like GARCH and Granger causality is highlighted to assess risk and market cycles [1] - A multi-faceted approach is taken to build conviction across technicals, fundamentals, and catalysts, rather than relying on a single signal [1]

Core Viewpoint - Gold Royalty Corp. has announced a bought deal offering of 17,500,000 common shares at a price of US$4.00 per share, aiming to raise approximately US$70.0 million for funding an acquisition and general corporate purposes [1][3]. Group 1: Offering Details - The offering involves 17,500,000 common shares priced at US$4.00 each, totaling gross proceeds of about US$70.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising an extra US$10.5 million [2] - The closing of the offering is expected around December 11, 2025, subject to customary conditions and approvals [4] Group 2: Use of Proceeds - The net proceeds from the offering will primarily fund the acquisition of a royalty on the Pedra Branca mine from BlackRock World Mining Trust plc [3] - The Pedra Branca mine is an operational copper and gold mine in Brazil, currently owned by BHP Group Limited [3] - If the acquisition does not complete, the company may redirect the proceeds for general corporate purposes or other acquisitions [4] Group 3: Regulatory and Listing Information - The offering will be made in Canada (excluding Quebec and Nunavut) and is subject to regulatory approvals [5] - The common shares will be listed on the NYSE American, contingent upon meeting all listing requirements [8] - A registration statement has been filed with the U.S. SEC, and relevant documents are accessible on SEDAR+ and EDGAR [6][5]

Core Viewpoint - Gold Royalty Corp. has announced an agreement to acquire a royalty on the Pedra Branca mine for $70 million in cash, which is expected to enhance the company's cash flows and asset portfolio significantly [1][5][6]. Transaction Details - The acquisition involves a payment of $70 million to BlackRock World Mining Trust plc for the royalty on the Pedra Branca mine, which is currently operated by BHP Group Limited [1][5]. - The completion of the acquisition is subject to customary closing conditions, and Gold Royalty has the necessary resources to fund the purchase [5] - After the closing, Gold Royalty will receive all payments related to production from the royalty for periods ending after December 31, 2025 [5]. Financial Impact - For the 12 months ending June 30, 2025, the royalty expense recorded by the previous holder was approximately $7.9 million, equivalent to about 2,800 gold equivalent ounces (GEOs) at an average gold price of $2,811 per ounce [6]. - The acquisition is expected to add significant cash flow to Gold Royalty, particularly due to the current favorable gold pricing environment [6]. Royalty Structure - The royalty includes a 25% net smelter return (NSR) on gold and a 2% NSR on copper produced from the Pedra Branca mine, enhancing Gold Royalty's exposure to both gold and copper [6][7]. - The royalty covers the Pedra Branca East and West deposits and does not include any step-down options, providing full exposure to the asset's long-term potential [6]. Asset Quality - The Pedra Branca mine is a high-quality asset located in Brazil's Carajás region, known for its rich mineral deposits [6][8]. - The mine achieved first production in 2020 and has a mining rate of approximately 800 ktpa, with BHP continuing to extend its mine life and report increases in mineral resources and reserves [6][9][10]. Operator Background - The mine was constructed by OZ Minerals and is currently operated by BHP, which has a strong operational track record [6][9]. - BHP announced the sale of Pedra Branca to CoreX Holding BV, a diversified industrial conglomerate, which is expected to complete the transaction upon satisfying customary conditions [11]. Geographic Context - Pedra Branca is situated in a prolific mining region in Brazil's Pará state, which is home to world-class deposits of various minerals, including iron ore, copper, and gold [6][8].

​Gold Royalty Corp. (NYSEAMERICAN:GROY) is one of the Best Up and Coming Canadian Stocks to Buy. On November 25, Gold Royalty Corp. (NYSEAMERICAN:GROY) announced an enhanced revolving credit facility of up to $100 million and the elimination of debt. ​Management announced that it reached an agreement with the Bank of Montreal and National Bank Capital Markets to increase its borrowing ability through a revolving credit facility. As a result, the facility has been increased to $75 million, and the company ...

Core Viewpoint - Gold Royalty Corp. has enhanced its cash flow profile and strengthened its balance sheet through the retirement of long-term fixed interest convertible debentures and an upsized credit facility with lower borrowing costs [1][3]. Upsized Credit Facility - The existing revolving credit facility has been increased to US$75 million, with an additional US$25 million available under certain conditions [1][4]. - The maturity of the facility has been extended to November 2028, and the interest rate has improved from SOFR plus a fixed 3.0% margin to a range of 2.5% to 3.5% based on the company's leverage ratio [2][5]. - The facility is available for general corporate purposes, acquisitions, and investments, and includes customary financial covenants [4][5]. Retirement of Convertible Debentures - The company completed an early redemption and conversion of its outstanding 10% convertible debentures, totaling US$40 million, which were issued in December 2023 [6][10]. - The early redemption rights were exercised immediately, allowing holders to convert their debentures to common shares at a price of US$1.75, a 20% premium to the 20-day volume-weighted average price at issuance [8][9]. - A total of 23,288,896 common shares were issued to debenture holders, eliminating the entire principal amount outstanding of the debentures [10]. Financial Impact - The CFO stated that the facility expansion and debenture retirement significantly improve the balance sheet, lower the cost of capital, and enhance liquidity, positioning the company for long-term growth [3]. - The initial US$31 million investment in the Borborema royalty has already generated US$7.2 million in cash flows, with commercial production achieved on schedule [3].

Core Insights - Gold Royalty Corp (NYSE:GROY) has achieved record revenue driven by the ramp-up of its portfolio and new mines entering production [1][2][4] Financial Performance - The company reported record revenue of $4.1 million in Q3, with total revenue including land agreement proceeds and interest reaching $4.6 million from 1,323 gold ounces produced [2] - Adjusted EBITDA for the quarter was a record $2.5 million, and positive cash flow from operations was $2.4 million [2] - Despite the strong revenue performance, the company recorded a net loss of $1.13 million, or $0.01 per share, compared to a net income of $3.4 million, or $0.02 per share, in the same quarter last year [3] Management Commentary - David Garofalo, Chairman and CEO, highlighted the successful ramp-up of the portfolio and the positive cash flow, which has allowed the company to reduce debt and lower interest costs [4] - The company aims to continue using cash generated from operations to de-lever through 2026 [4] Analyst Rating - Maxim Group analyst Tate Sullivan reiterated a Buy rating on GROY with a price target of $5 [4] Company Overview - Gold Royalty Corp focuses on acquiring and managing royalties and streams for metals and mining companies, providing creative financing solutions and building a diversified portfolio to generate returns [5]

Core Viewpoint - Gold Royalty Corp. reported a second consecutive quarter of positive free cash flow, along with record revenue, adjusted EBITDA, and operating cash flow, indicating strong financial performance and growth potential [5]. Financial Performance - The company achieved record revenue and adjusted EBITDA, reflecting the successful curation of its asset portfolio over the past five years [5]. - Positive free cash flow for the second consecutive quarter demonstrates the company's effective capital management and operational efficiency [5]. Capital Allocation Strategy - The company emphasized its approach to capital allocation, indicating a focus on maximizing growth and value creation from its assets [6].