Gold Royalty Announces Amended and Upsized Revolving Credit Facility to Maximum $75 Million at Reduced Interest Cost and Extended Maturity and Provides an Update on Selected Portfolio Assets

Core Viewpoint - Gold Royalty Corp. has amended and upsized its revolving credit facility, resulting in reduced borrowing costs and improved balance sheet flexibility [1][2][3] Financial Summary - The amended facility now consists of a US$30 million secured revolving credit line, with US$25 million drawn and an accordion feature allowing for an additional US$45 million, subject to conditions [2] - The interest rate has been reduced by 100 basis points to SOFR plus a margin of 3.00% [2] - The maturity date of the facility has been extended to March 31, 2028 [2] Operational Updates - Côté Gold is expected to double its production in 2025 to 360-400koz gold from 177koz in 2024 [3] - Adriatic Metals has raised A$80 million (approximately US$50 million) to complete the Vares ramp-up to 800ktpa capacity in the first half of 2025 [3] - Agnico Eagle's Odyssey project remains on schedule, with mining transition expected to complete in 2029 [3] - Barrick's REN project is anticipated to reach full production in 2027, with an average production of 140,000 oz gold per year [3] - Blackrock Silver is advancing exploration at the Tonopah West project, with an updated mineral resource estimate expected in Q3 2025 [3] - Discovery Silver is acquiring Newmont's Porcupine complex, including the Borden operation, with an updated PEA available [3] - Wallbridge Mining plans to complete an updated PEA on the Fenelon project in the current quarter [3] Strategic Outlook - The company anticipates significant revenue growth in 2025, driven by cash flow generation from key assets and ongoing capital allocation initiatives prioritizing debt repayment [3][4] - The company is well-positioned for future revenue growth, particularly from Vares and REN, expected to contribute significantly by 2027 [4]