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Gold Royalty(GROY) - 2024 Q1 - Quarterly Report
2024-03-28 10:02
Exhibit 99.1 GOLD ROYALTY REPORTS 2023 FINANCIAL AND OPERATING RESULTS AND FORECASTS APPROXIMATE 100% GROWTH IN REVENUE IN 2024 DRIVEN BY CORNERSTONE ROYALTIES ENTERING PRODUCTION 2024 Outlook Vancouver, British Columbia – March 28, 2024 – Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three months and full year ended December 31, 2023. All amounts are expressed in U.S. dollars unless otherwise noted ...
Gold Royalty(GROY) - 2023 Q4 - Annual Report
2024-03-28 01:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Gold Royalty(GROY) - 2023 Q3 - Earnings Call Transcript
2023-11-19 14:29
Company Participants Good morning. I'm your host, Joanne Jobin, and I'd like to welcome you to the Gold Royalty Town Hall Forum hosted by VID Media. Today's Town Hall will be focused on Gold Royalty's recent quarterly announcement and will be hosted by David Garofalo and Peter Behncke, Manager, Corporate Dev and Investor Relations; and CFO, Andrew Gubbels, will join us at the end for Q&A. Well, good morning and good afternoon as the case may be to everybody. Thank you for attending our Third Quarter Town Ha ...
Gold Royalty(GROY) - 2023 Q2 - Earnings Call Presentation
2023-08-11 18:24
| --- | --- | --- | |-------------------------------------|-------|-------| | | | | | | | | | Operating and | | | | Financial Results Investor Webcast | | | | August 11, 2023 | | | The information contained herein includes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"). Forward-looking statements include, but are not limited to, statements with respect to the activities, events or ...
Gold Royalty(GROY) - 2022 Q4 - Earnings Call Transcript
2023-03-28 20:56
Gold Royalty Corp (NYSE:GROY) Q4 2022 Earnings Call Transcript March 28, 2023 11:00 AM ET Company Participants Joanne Jobin - IR.INC, Investor Relations David Garofalo - Chief Executive Officer, President, Chairman and Director Andrew Gubbels - Chief Financial Officer John Griffith - Chief Development Officer Conference Call Participants Joanne Jobin Good morning. I'm your host, Joanne Jobin. And welcome to another Gold Royalty Town Hall Forum hosted by VID Media. Before we start, I'd like to introduce CEO ...
Gold Royalty(GROY) - 2023 Q1 - Quarterly Report
2023-03-27 21:23
Exhibit 99.1 GOLD ROYALTY CORP. ANNOUNCES QUARTERLY RESULTS AND FORECASTS CONTINUED GROWTH IN 2023 Outlook Gold Royalty expects to receive $5.5 million and $6.5 million in Total Revenues and Option Proceeds in 2023 based on the production guidance published to date by the operators of the properties underlying the Company's existing royalties and a forecasted gold price ranging from $1,700 per ounce to $2,000 per ounce and expected payments on optioned properties. The Company expects to incur $7.0 million t ...
Gold Royalty(GROY) - 2022 Q4 - Annual Report
2023-03-27 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended _________________ OR ☒ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Gold Royalty(GROY) - 2022 Q4 - Annual Report
2022-12-27 11:30
Exhibit 99.1 Highlights for the 2022 fiscal year include: See Non-IFRS Measures below. Number of royalties is presented on a pro forma basis assuming the closing of the previously announced agreement with Val-d'Or Mining. Refer to the Company's press release dated December 2, 2022. ● Total Revenue and Option Proceeds from the royalty generation program, of $0.9 million and $5.7 million for the three months and year ended September 30, 2022, respectively, exceeding guidance of $5.0 million for the fiscal yea ...
Gold Royalty(GROY) - 2022 Q3 - Earnings Call Transcript
2022-08-18 21:48
Gold Royalty Corp (NYSE:GROY) Q3 2022 Earnings Conference Call August 18, 2022 11:00 AM ET Company Participants David Garofalo - CEO, President & Chairman Conference Call Participants Operator Another great Gold Royalty town hall forum. Thanks for tuning in today from wherever you are. That's the great thing about these town hall forums. You can join in from wherever you are in the world and have direct access to management. And of course, here with us today, we welcome David Garofalo, Chairman and CEO; and ...
Gold Royalty(GROY) - 2022 Q2 - Earnings Call Transcript
2022-05-25 18:17
Financial Data and Key Metrics Changes - The company reported record revenues of $0.6 million for Q2 2022 and $1.2 million for the first half of the year, with expectations to reach approximately $5 million in revenue for 2022 [27][28] - The company has strong liquidity of $25 million, positioning it well for further growth [29] - The company introduced a dividend yielding approximately 1.3% and plans to increase it as revenue grows [28][22] Business Line Data and Key Metrics Changes - The royalty portfolio has expanded from 14 royalties at IPO to 195 royalties across the Americas, with six producing royalties and 21 in development [21][32] - The company anticipates a compounded average revenue growth of 60% over the next five years, aiming for over $20 million in revenue by 2025 [31] Market Data and Key Metrics Changes - The company operates primarily in top-ranked jurisdictions such as Québec and Nevada, which account for nearly 75% of its net asset value [33] - The company is positioned to benefit from a rising gold price environment, with a focus on precious metals [33] Company Strategy and Development Direction - The company aims to achieve scale quickly to compete effectively in the royalty space, targeting growth through M&A and organic growth strategies [19][66] - The management emphasizes the importance of maintaining a diversified portfolio while focusing on high-quality assets in stable jurisdictions [33][39] Management's Comments on Operating Environment and Future Outlook - Management believes the current inflationary cycle will lead to a significant increase in gold prices, potentially reaching $3,000 per ounce [13][14] - The company is optimistic about its growth trajectory, citing strong fundamentals despite recent market sell-offs [44] Other Important Information - The company has been aggressive in M&A, acquiring several companies to enhance its royalty portfolio [21] - Management has demonstrated discipline in its approach to acquisitions, walking away from a hostile bid for Elemental due to a lack of access to data and the need to protect shareholder value [20][48] Q&A Session Summary Question: Do you still see opportunities for further M&A at this point? - Management sees opportunities for further M&A, particularly among smaller royalty companies that may lack liquidity and capital access [46] Question: Why did the Elemental bid fail and why did you not increase the bid? - The bid failed due to a closely held shareholder base and management's decision to maintain discipline and not overbid without access to meaningful data [48][49] Question: What are the key reasons why the stock trades at such a deep discount to NAV? - Management believes the story needs to be told more effectively, highlighting the diversified portfolio and growth potential in a rising gold price environment [51] Question: When does management expect to start receiving payments from the 3% royalty on Canadian Malartic? - Moderate cash flows are expected from Canadian Malartic in the next couple of years, with maximum revenue anticipated around 2026-2027 [52] Question: What type of royalty company are you striving to be? - The company aims to remain focused on precious metals, with potential for diversification while maintaining a strong majority in gold [53] Question: Can you provide a more representative run rate for G&A costs? - Management indicated that recent G&A costs included non-recurring expenses related to M&A activity, and ongoing costs are expected to remain low due to a small headcount [55][56] Question: How is the prospect generation outside of the business going? - The company is actively pursuing organic growth through new contracts and partnerships with major gold producers, aiming to generate royalties at low costs [63] Question: Are you avoiding Newfoundland intentionally? - Management clarified that there is no intentional avoidance of Newfoundland, and opportunities are continuously evaluated [70] Question: What negative monetization are you placing on Elemental? - Management stated that they do not have meaningful interests in Elemental, and thus do not place any negative monetization on it [72]