VANCOUVER, BC, June 4, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has completed its previously announced acquisition of a copper stream (the "Stream") on the Vares Silver Project ("Vares"), operated by a subsidiary of Adriatic Metals plc and located in Bosnia and Herzegovina (the "Transaction"). About Gold Royalty Corp. Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals an ...

Core Viewpoint - Gold Royalty Corp. is set to enhance its financial outlook for 2024 following the acquisition of a copper stream related to the Vares Silver Project, which is expected to significantly boost revenue and cash flow [1][5]. Financial Forecast - The company anticipates producing between approximately 6,500 and 7,000 Gold Equivalent Ounces (GEOs) in 2024, translating to an estimated total revenue of approximately $13.0 million to $14.0 million at a gold price of $2,000 per ounce [2][3]. - This forecast represents a 27% increase in total revenue compared to the previous outlook from March 28, 2024, and a substantial 160% increase relative to 2023 [2]. Acquisition Details - The updated outlook is based on production guidance from the operators of the properties underlying the company's existing royalties and the Vares Stream, along with assumed commodity prices of $2,000 per ounce for gold and $4.25 per pound for copper [3][4]. - The acquisition is expected to contribute to the company's cash flow per share profile and add a high-quality, long-life asset to its portfolio [5]. Investor Engagement - An investor webcast is scheduled for June 4, 2024, to discuss the Vares Copper Stream acquisition and its impact on the company's outlook, followed by a Q&A session [6].

VANCOUVER, BC, May 31, 2024 /PRNewswire/ - 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 units of the Company (the "Units"). Pursuant to the Offering, the Company issued, on a bought deal basis, 20,058,300 Units, including 2,616,300 Units pursuant to the full exercise of the over-allotment option, at a price of US$1.72 per Unit for aggregate gross proceeds of US$34,500,276. Related ...

On January 24, 2024, Adriatic announced its maiden production guidance for 2024, 2025 and 2026 following an updated reserve announcement in December 2023. The guidance is based on successful extension and exploration drilling, mine optimization work and advancing higher grade development at Rupice and Rupice Northwest. Such guidance consisted of the 2024 ramp-up and future life of mine averages: VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- Gold Royalty Corp. ("Gold Royalty" or the "Company" ...

BASE SHELF PROSPECTUS AND PRELIMINARY PROSPECTUS SUPPLEMENT ACCESSIBLE AND FINAL PROSPECTUS SUPPLEMENT TO BE ACCESSIBLE WITHIN TWO BUSINESS DAYS ON SEDAR+ VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into an agreement with National Bank Financial Inc. and BMO Capital Markets Corp., as joint book-runners, on behalf of a syndicate of underwriters (collectively, the "Underwrite ...

Core Viewpoint - Gold Royalty Corp. has entered into a binding purchase and sale agreement to acquire a copper stream on the Vares Silver Project from OMF Fund III, which is expected to enhance the company's cash flow and revenue significantly. Transaction Details - The acquisition involves a payment of US$50 million, comprising US$45 million in cash and US$5 million through the issuance of 2,906,977 shares of Gold Royalty [2][3]. - The Vares Stream applies to 100% of copper production from the Rupice deposit, with ongoing payments equal to 30% of the LME spot copper price, and an effective payable copper fixed at 24.5% [3]. Production and Financial Expectations - First concentrate production at Vares began in February 2024, with commercial production anticipated in Q4 2024 [3]. - Adriatic Metals plc has provided production guidance of 240-300 kt of ore mined in 2024, with copper grades of 0.5-0.6% [3]. - Future production forecasts include 750-850 kt in 2025 and 800-900 kt in 2026, maintaining copper grades of 0.5-0.7% [3]. Asset Quality and Growth Potential - The Vares Silver Project is characterized by a mine life of 18 years and an attractive operating cost profile, with copper expected to contribute only 2% of life-of-mine revenue [3]. - Studies are in progress to increase annual production rates to 1 million tonnes of ore by 2026, with further exploration opportunities available within the existing concessions [3]. Strategic Alignment - The operating team at Adriatic is highly experienced, with recent initiatives improving productivity and supporting the timeline for commercial production [3][4]. - The acquisition aligns with Gold Royalty's strategy to diversify its portfolio, which is predominantly focused on precious metals, by adding copper exposure amid record copper prices [4]. Project Overview - The Vares Silver Project spans 41 km² and is located near the town of Vares in Bosnia and Herzegovina, representing one of the largest investments in the region [5]. - The project is expected to produce silver and zinc primarily, along with smaller quantities of lead, gold, copper, and antimony [6]. Processing and Production Capacity - The Vares Processing Plant has a nominal capacity of 800,000 tonnes per annum, utilizing advanced technology for processing [7]. - The plant is designed to produce silver-lead and zinc concentrates, which will be transported for shipment to smelters [7]. Funding for the Transaction - The acquisition will be funded through an equity offering and borrowings under an expanded revolving credit facility, which has been increased by US$5 million [13].

Exhibit 99.1 GOLD ROYALTY CORP. NOTICE OF ANNUAL GENERAL MEETING AND MANAGEMENT INFORMATION CIRCULAR Date and Time: June 11, 2024 at 8:00 a.m. (Vancouver time) Place: Suite 1830, 1188 West Georgia Street Vancouver, British Columbia, Canada May 10, 2024 These materials are important and require your immediate attention. They require shareholders of Gold Royalty Corp. to make important decisions. If you are in doubt as to how to make such decisions, please contact your financial, legal or other professional a ...

Financial Data and Key Metrics Changes - The company reported total revenue of $4.2 million in Q1 2024, representing a 112% increase from Q1 2023, achieving about 40% of the full-year guidance in the first quarter alone [14][21][23] - Cash operating expenses decreased by 10% compared to the first quarter of the previous year, contributing to the first positive cash flow from operations of $0.3 million [16][22][23] - The company expects total revenue guidance for the full year to be between $10 million and $11.2 million [14] Business Line Data and Key Metrics Changes - The revenue growth was driven by the acquisition of Borborema and Cozamin, with significant contributions from Canadian Malartic [12][20] - The company has over 240 royalties, including royalties on three of the five largest producing gold mines in North America, indicating a strong portfolio quality [11][12] Market Data and Key Metrics Changes - The gold price has increased approximately 14% to 15% in 2024, while the company's share price has risen nearly 30% [10][63] - The average gold price in Q1 was around $2,070 per ounce, which is expected to positively impact royalty-related revenue [81] Company Strategy and Development Direction - The company aims to leverage its royalty model to avoid cost inflation pressures faced by producers, focusing on high-quality assets and strategic partnerships [9][18] - The strategic partnership with Taurus allows the company to co-invest in larger royalty opportunities, enhancing its growth potential [18][82] Management's Comments on Operating Environment and Future Outlook - Management highlighted the limited response of gold valuations on the equity side despite rising gold prices, indicating a potential opportunity for the company [8][9] - The company anticipates a compounded annual growth rate of 60% through the end of the decade, driven by major operations and new acquisitions [13][25] Other Important Information - The company has a strong jurisdictional profile, with over 80% of its business in Quebec, Ontario, and Nevada, partnering with leading operators [29] - The company is focused on maintaining a disciplined cost management strategy while continuing to grow its revenue [22][67] Q&A Session Summary Question: What are the top strategies for GROY in the next three years? - The company has demonstrated the ability to execute project financings accretively, leveraging relationships to secure exclusive opportunities [51] Question: Does the company look for deals in copper and silver? - The company remains focused on gold but is open to opportunities in copper and silver, particularly after acquiring Cozamin [53] Question: What is the likelihood of Wallbridge becoming a significant asset for GROY? - Wallbridge is seen as a promising asset, but its advancement depends on capital access, which is a challenge for early-stage exploration companies [60] Question: Can you provide insights on the M&A environment? - The current M&A environment shows increased activity among larger producers needing to replace declining reserves, while juniors are becoming more desperate for capital, presenting opportunities for the company [65][72] Question: How does the company plan to minimize expenses amid rising inflation? - The company can control costs effectively without needing to expand its team, allowing for margin growth as revenue increases [67][73] Question: When might the company reinstate a dividend? - The company is exploring options for returning capital to shareholders as it achieves sustainable free cash flow [68][75] Question: What are the primary drivers of revenue for the remainder of 2024? - Key revenue drivers include the Cote mine coming online in the second half of 2024 and continued growth from Borborema, Cozamin, and Canadian Malartic [81]

Core Insights - Gold Royalty Corp. achieved record revenue of $2.9 million for Q1 2024, a 112% increase compared to Q1 2023, driven by acquisitions and increased royalty payments [5][3] - The company reported its first positive operating cash flow of $0.3 million, marking a significant milestone in its financial performance [5][2] - The outlook for continued revenue growth is supported by high gold prices and the ramp-up of the Côté Gold Mine expected in the second half of 2024 [2][24] Financial Performance - Revenue for Q1 2024 was $2,894,000, compared to $767,000 in Q1 2023 [3] - General, administrative, and project evaluation costs decreased to $2,875,000 from $3,424,000 year-over-year [3] - The net loss narrowed to $1,405,000 in Q1 2024 from $3,083,000 in Q1 2023, with net loss per share improving to $(0.01) from $(0.02) [3][5] Revenue Breakdown - Total Revenue, Land Agreement Proceeds, and Interest for Q1 2024 reached $4,185,000, up from $1,970,000 in Q1 2023 [3][39] - The company generated 2,019 Gold Equivalent Ounces (GEOs) in Q1 2024, compared to 1,043 GEOs in the same period last year [3][38] - Cash Operating Expenses decreased by 10% to $2,260,000 from $2,523,000 in Q1 2023 [5][40] Strategic Developments - A strategic alliance was formed with Taurus Mining Royalty Fund L.P. to enhance deal origination and competitiveness for high-quality investments [6] - Key development projects include the Côté Gold Mine, which is ramping up towards commercial production, and the Odyssey Mine, which is ahead of schedule in its underground development [11][8] Future Outlook - The company anticipates producing between 5,000 and 5,600 GEOs in 2024, translating to projected revenues of approximately $10.0 million to $11.2 million at a gold price of $2,000 per ounce [24][25] - Continued positive cash flow is expected as growth projects come online, including contributions from the recently acquired Cozamin and Borborema royalties [25][24]

VANCOUVER, BC, April 24, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce it has entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund L.P. ("Taurus") that provides each party the ability to coinvest in certain precious metals royalties and streams sourced by the other party. The agreement provides a framework for cooperation and communication amongst the parties in the identification and evaluation of pote ...