Mike Fagan,
Editor
Sept. 29, 2021
Gold Royalty Corp. (NYSE-American: GROY) — currently trading around US$5.20 per share — has released an update on key royalties pursuant to its definitive agreement to acquire Abitibi Royalties (TSX-V: RZZ)(OTC: ATBYF) and Golden Valley Mines (TSX-V: GZZ)(OTC: GLVMF).
In addition to cash generation via the company’s new Project & Royalty Generator model and marketable securities, GROY, upon completion of the acquisition, will hold a total of 6 royalty interests on 5 producing mines, including portions of the Canadian Malartic open pit, Jerritt Canyon (two royalties), Isabella Pearl , Marigold, and Rawhide mines.
GROY will hold an additional 7 royalty interests on 6 projects currently under development, representing potential additional near to medium-term increases in cash flow. That includes royalties on the aforementioned Canadian Malartic mine in the Abitibi region of Quebec — a generational asset that will continue to deliver gold production for decades to come.
Gold Royalty will also have royalty interests on 9 projects currently in the Feasibility/PEA stage of development, including the Fenelon, Hog Ranch, Railroad-Pinion, Cheechoo, Sao Jorge, Yellowknife, La Mina, Sleeper, and Mt. Hamilton projects. These projects represent potential medium to long-term additions to cash flows.
And to top it all off, GROY is primed to execute on the successful project generator models established by Ely, Abitibi, and Golden Valley, which involve the staking, selling, and optioning of mineral projects while retaining a royalty. Current projects include the Tonopah West and Rodeo Creek projects in Nevada, USA, and the Centremaque project in Quebec, Canada.
From a speculation standpoint, GROY continues to deliver on its intelligent, aggressive growth model that’ll soon eclipse 200 royalties spread across the Americas, strategically anchored by a foundational asset in the world-class Canadian Malartic Mine, which continues to get bigger and bigger by way of the drill-bit.
Our own Gerardo Del Real of Junior Resource Monthly — who’s been covering Gold Royalty since its recent spinout from GoldMining, Inc. (TSX: GOLD)(NYSE-American: GLDG) — caught up with company president, David Garofalo, for a discussion on all-things GROY.
Please click here to enjoy this exclusive interview.
Additionally, as you’re no doubt aware, the price of uranium along with select uranium equities have been going gangbusters of late, including some very solid winners for the Junior Resource Monthly portfolio.
Gerardo has a lot to say about the uranium sector and how to position for even more near-term gains. He cautions that it’s a market that always eventually overshoots… so the idea is to get in fast and get out relatively fast as well… with a much fatter wallet to-boot!
Gerardo has a brand new uranium recommendation out to his Junior Resource Monthly subscribers — Click here to watch a brief video presentation on this undiscovered uranium junior with an impressive asset base on US soil.
And click here for our feature report on Gold Royalty.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest