Gold Royalty Provides Updated Guidance with a Further 27% Increase in Expected 2024 Total Revenue, Land Agreement Proceeds and Interest

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].