Securing Long-Life Profits in Gold

Gold Royalty Corp. (NYSE-American: GROY) — currently trading just below US$3.00  per share — continues to turn in a banner performance with record revenues of US$1.9 million and US$3.1 million for the three and nine months ended June 30, 2022.

As a leading gold royalty firm in the junior space, GROY is continuing to deliver on its aggressive growth model that’ll soon eclipse 200 royalties spread across the Americas and heavily weighted in the Tier-1 mining jurisdictions of Quebec and Ontario, Canada, and Nevada, USA.

GROY is particularly benefitting from its eight royalties on producing assets, which include the underground expansion of the Odyssey gold project at Canadian Malartic in Québec and the startup of IAMGOLD’s Côté Gold mine in Ontario.

Gold Royalty CEO David Garofalo commented via press release:

“While we continue to achieve new revenue records in the current year, our projected peer-leading growth over the next several years is expected to continue to be driven by our diverse portfolio of royalties on gold mines entering production, including Odyssey and Côté and increasing gold production expected by the operators at Beaufor and Jerritt Canyon. Beyond these near-term cash flow drivers, our existing portfolio has exposure to over 700,000 meters of drilling, the equivalent of over $200 million of exploration expenditures, announced by our operating partners in 2022 alone, providing multiple exploration catalysts across our portfolio.”

The company is also receiving royalty payments on industry-leader Newmont’s Borden Gold Mine located in northern Ontario and will soon begin receiving royalty payments on Monarch’s Beaufor Gold Mine, Quebec, which began pouring its first gold last month, and First Majestic’s producing Jerrit Canyon project, Nevada. 

Well-funded with ~US$17 million in cash and equivalents, GROY’s peer-leading royalty base of long-life mining assets, such as the ones just mentioned, will continue to serve as pillars of growth for the company and its shareholders for years to come. 

The company’s shares are heavily tied to the price of gold, which, as predicted, is displaying powerful resilience in the face of faltering markets, high inflation, and negative growth in GDP. Historically, the yellow metal is one of the few commodities that outperforms amid such a macro backdrop… a scenario we only see intensifying in the coming quarters. 

If you haven’t done so already, now is an excellent time to be taking a close look at Gold Royalty Corporation, which, by the way, also pays a quarterly dividend. 

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest