Gold Royalty Corp (GROY) Sector

(Current) $1.28
-0.03 (-2.29%) Open Price: 1.28


Gold Royalty Corp. is a gold-focused royalty and streaming company, providing capital to mining companies in exchange for the right to a percentage of future metal production or cash flows. The company was founded in 2020 as a spin-off from GoldMining Inc., and it is based in Vancouver, Canada. The company's objective is to generate royalty revenue from gold production across the Americas.


Gold Royalty Corp. went public on the Toronto Stock Exchange (TSX) on May 6, 2021, under the symbol "GROY," and on the NYSE on May 12, 2021, under the symbol "GROY." The initial public offering (IPO) was for 16,200,000 common shares at a price of CAD 1.70 per share, raising CAD 27.5 million in gross proceeds. The underwriters for the IPO were Canaccord Genuity Corp., BMO Nesbitt Burns Inc., and Raymond James Ltd.


Gold Royalty Corp. seeks to invest in mining projects that have the potential to be profitable, scalable, and have low technical risk. The company's management team has significant experience in mining, finance, and royalty and streaming, and it aims to create value for its shareholders by generating royalty revenue from a diversified portfolio of gold assets.


The company's portfolio consists of 14 gold royalties on assets in development and production, located in Canada, the United States, Mexico, Brazil, and other Latin American countries. The company's most significant asset is a 2% net smelter returns royalty on the Éléonore gold mine in Quebec, Canada, which is operated by Newmont Corporation.


Gold Royalty Corp. plans to continue to acquire additional royalty and streaming assets through partnerships with mining companies. The company is focused on precious metals, and it plans to diversify its portfolio by investing in silver, copper, and other metals in the future. The company is committed to delivering value to its shareholders through a disciplined approach to investment and a focus on generating royalty revenue from high-quality mining assets.



(09/29/23) $1.28
(10/01/23) $1.31
(10/01/23) (Qty.)236,767
(09/29/23) $1.28
(09/29/23) $1.32
(09/24/23) $1.27
(11/13/22) $3.00
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