Gold Royalty Corp Has Record Quarterly Performance in Gold

Gold Royalty Corp. (NYSE-American: GROY) — currently trading around US$3.15 per share — is coming off its best quarterly performance to-date highlighted by Q2 revenues of US$0.6 million, available liquidity of US$25.1 million, and the issuance of an inaugural quarterly dividend. 

During the quarter, the company also completed the acquisition of Abitibi Royalties, Golden Valley, as well as royalties on IAMGOLD's Côté Gold project — pushing the company’s base to 195 royalties across top mining jurisdictions in the Americas. 

Gold Royalty CEO David Garofalo commented on the company’s impressive Q2 performance via press release:

“Our second fiscal quarter of 2022 included several meaningful catalysts for the Company. The acquisition of royalties over the Côté Gold Project and expansion of our royalties in the Beaufor Mine further bolstered our near-term cash flow profile. At the same time, we saw several exciting exploration and development advancements from key assets including Odyssey, REN, Fenelon, Tonopah West, and Whistler.”

Speculators can access a detailed update on the company’s primary assets, which includes six royalties on producing mines with a further eight royalties on mines under development. 

A key cornerstone of GROY’s royalty base is its long-life royalty on Canadian Malartic’s Odyssey Project, which is set to deliver annual production of 500,000 to 600,000 ounces of gold starting next year and running through 2039. 

With gold prices pulling back a bit since early-March, along with the rest of the market, now is an opportune time to be taking a closer look at Gold Royalty Corp. Typically, as gold rises, which we expect it will resume its upward trajectory soon, it's the top royalty companies that tend to move first. 

Gold Royalty is poised for an upward re-rating as gold gets going again. And our own Gerardo Del Real has his eye on another top-emerger from the precious metals royalty space.

See why this subset of the gold sector is set to outperform as the broader indexes continue to get clipped.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest