Gold Royalty(GROY)
Search documents
Gold Royalty(GROY) - 2024 Q4 - Annual Report
2024-11-05 02:10
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 Gold Royalty Corp. Exhibit 99.1 Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in thousands of United States dollars unless otherwise stated) 2 Gold Royalty Corp. | | | As at September 30, 2024 | As at December 31, 2023 | | --- | --- | --- | --- | | | Notes | ($) | ($) | | Assets | | | | | Current assets | | | | | Cash and cash equivalents | | 2,518 | 1,443 | | Sh ...
Gold Royalty Announces Strong Quarterly Revenue Growth and Record Revenues for the First Nine Months of 2024
Prnewswire· 2024-10-23 21:00
Core Insights - Gold Royalty Corp. reported a significant increase in revenue for the third quarter of 2024, with total revenue rising by approximately 160% and total revenue, land agreement proceeds, and interest increasing by 90% compared to the same period in 2023 [1][2] - The company anticipates further revenue growth in the fourth quarter of 2024 due to recent strategic acquisitions [1] Financial Performance - Total revenue for the third quarter of 2024 reached $2.6 million, with revenue of $2.1 million, equating to 1,051 gold equivalent ounces (GEOs) [2] - For the first nine months of 2024, total revenue, land agreement proceeds, and interest increased by over 130% to a record $9.0 million, equating to 4,017 GEOs [2] Operational Highlights - Revenue from the Côté Gold Mine, operated by IAMGOLD Corporation, increased as the mine ramped up production, achieving a record daily throughput of 40,900 tonnes per day, which is 14% above nameplate capacity [3] - The company expects to receive its first revenue from the copper stream over the Vares Mine in the fourth quarter as the asset ramps up to achieve nameplate capacity [3] - Gold Royalty remains on track to meet its guidance for 2024, projecting between 6,500 and 7,000 GEOs, translating to approximately $13 million to $14 million in forecasted total revenue, land agreement proceeds, and interest [3] Upcoming Events - Gold Royalty will release its quarterly financial and operating results for the three and nine months ended September 30, 2024, on November 4, 2024, after market close [5] - A conference call to discuss these results is scheduled for November 5, 2024 [5] Company Overview - Gold Royalty Corp. is focused on providing creative financing solutions to the metals and mining industry, aiming to build a diversified portfolio of precious metals royalty and streaming interests [6]
Gold Royalty(GROY) - 2024 Q2 - Earnings Call Transcript
2024-08-14 18:39
Financial Data and Key Metrics Changes - In Q2 2024, the company reported total revenue of $2.2 million, which is approximately 300% higher than the same period in 2023 [13] - The company achieved positive operating cash flow of $1.2 million for the second consecutive quarter, marking a significant transition since its IPO [13][10] - The company has exceeded its total revenue for the full year 2023 of $5.2 million within the first six months of 2024, with a total of $6.4 million [15] Business Line Data and Key Metrics Changes - The company has transitioned to a royalty company that consistently generates cash from operations, with a focus on cash-flowing assets [13] - The company has seven cash-flowing royalties and 14 royalties in various stages of construction, with over 240 royalties overall [9] Market Data and Key Metrics Changes - The gold price has increased by 20% year-to-date, yet gold equities have underperformed the commodity, indicating a potential future rotation of capital into gold equities [7][4] - The GDXJ index remains 75% below its all-time highs, suggesting a lack of significant capital allocation into gold equities [4] Company Strategy and Development Direction - The company aims to build a portfolio of quality, growth-oriented assets to future-proof its operations and generate self-sufficient cash flow [16][17] - The management is focused on acquiring cash-flowing royalty opportunities to enhance cash flow per share and net asset value per share [36] Management's Comments on Operating Environment and Future Outlook - Management believes that the prolonged inflationary cycle will benefit gold, as governments are likely to inflate their debt away, leading to increased demand for gold [3] - The company expects significant growth in cash flow and earnings per share as major projects come into full production in the coming quarters [39][40] Other Important Information - The company completed the acquisition of a copper stream on the Vares Project for $50 million, which is expected to strengthen its portfolio [14] - The company published its second annual sustainability report, highlighting its ESG performance and commitments [15] Q&A Session Summary Question: Can you expand on the 20% cost reduction in G&A compared to 2023? - The company has focused on managing operating costs by eliminating redundancies and streamlining operations, resulting in a decrease in costs [33] Question: How does issuing more shares benefit shareholders? - The company assures that share issuance has been strategic, aimed at acquiring assets that add significant cash flow and net asset value per share [36] Question: Is further dilution expected with new land agreements? - The company has not diluted shareholders without a clear use of proceeds that adds value, and any future equity issuance would be based on similar principles [38] Question: When can we expect the share price to improve? - Management believes that as cash flow and earnings per share grow, the market will start to recognize this value, leading to improved share prices [39] Question: What is the lag time for production payments on the Vares Copper Stream? - The first stream payment for the Vares project is expected in the third quarter of this year, following a lag between production and payment [40] Question: What impact will the recent court ruling on the Vares Royalty have? - Management reassured that there will be no impact on production from the recent court ruling, as alternative tailings facilities are being evaluated [42] Question: Can the company publish a five-year projection of GEOs ramp-up? - The company expects to reach 6,500 to 7,000 GEOs in 2024, with projections of over 30,000 GEOs by the end of the decade [44] Question: When do you expect positive free cash flow? - Positive free cash flow is anticipated to become a reality through 2024 and 2025, contingent on the performance in the second half of the year [45] Question: What are some major catalysts the company is looking forward to? - Key catalysts include production ramp-ups at Cote and Canadian Malartic, as well as the expected commercial production at Borborema [47]
Gold Royalty(GROY) - 2024 Q3 - Quarterly Report
2024-08-13 20:37
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 Gold Royalty Corp. Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in thousands of United States dollars unless otherwise stated) | | | As at June 30, 2024 | As at December 31, 2023 | | --- | --- | --- | --- | | | Notes | ($) | ($) | | Assets | | | | | Current assets | | | | | Cash and cash equivalents | | 3,584 | 1,443 | | Short-term investments | | 276 | 342 | | Accoun ...
3 Penny Stocks Ready to Explode Into Dollar Signs by 2028
Investor Place· 2024-06-20 18:51
MGO Global (MGOL) As a result, the company's mission for investors is to develop widely recognized brands that can last in the everchanging landscape of today's branding market. On the financial side, MGOL operates on a small scale, with its revenues measured in the hundreds of thousands. Nevertheless, its Q1 revenue saw a 1384% increase year-overyear (YOY), which brought net income just $164,000 shy of profit. Therefore, MGOL is one of the higherpotential penny stocks to buy right now. Financially, the com ...
GOLD ROYALTY PUBLISHES 2023 SUSTAINABILITY REPORT AND UPDATED ASSET HANDBOOK
Prnewswire· 2024-06-05 10:30
The 2023 Sustainability Report and 2024 Asset Handbook are available on Gold Royalty's website: www.goldroyalty.com Investor Day VANCOUVER, BC, June 5, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the publication of its second annual Sustainability Report and Asset Handbook. David Garofalo, Chairman and CEO of Gold Royalty, commented, "Our 2023 Sustainability Report and updated Asset Handbook highlight Gold Royalty's exceptional growth ...
Gold Royalty Completes Vares Copper Stream Acquisition
Prnewswire· 2024-06-04 12:17
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 ...
Gold Royalty Provides Updated Guidance with a Further 27% Increase in Expected 2024 Total Revenue, Land Agreement Proceeds and Interest
Prnewswire· 2024-05-31 14:56
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].
Gold Royalty Completes US$34.5 Million Bought Deal Financing
Prnewswire· 2024-05-31 14:28
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 ...
Gold Royalty Announces Agreement to Acquire Vares Copper Stream
Newsfilter· 2024-05-28 11:07
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" ...