Gold Royalty Corp (GROY)

[jsc52033]

great news all the streamers are surging. We should get a pull back on gold when it comes load up as we will be over 3,000 oz (JMO) by year endIF so streamers will out perfrom gold/silver stocks.

[Peter28]

Gold Royalty, Côté enters production this month (NYSE:GROY)

[Mephisto Berserk]

Was hoping to get more in the 1.30s area oh well. Still think this is a great very long term hold

[BestFishes]

Keeping an eye on this one. Volume has been very interesting lately. Hopefully some great news is on its way.

[Peter28]

Q4 2023 EPS Estimates for Gold Royalty Corp. Reduced by National Bank Financial (NYSE:GROY)
https://www.investorsobserver.com/news/stock-update/amp/should-you-accumulate-gold-royalty-corp-groy-stock-monday-morning

[JY5]

How Gold Royalty (NYSE:GROY) is Reshaping the Gold Industry
https://10xalerts.com/how-gold-royalty-nysegroy-is-reshaping-the-gold-industry/

[JY5]

INVESTMENT: THE GOLD STANDARD FOR ROYALTIES (NYSE : GROY)
https://10xalerts.com/investment-the-gold-standard-for-royalties/

[BestFishes]

Anyone know when the warrants expire? Maybe that will help the share price

[Brokemillwright]

Book value per share is $3.65 on trading view. Nice discount unless gold plummets long term

[Mephisto Berserk]

Yeah I still have no shares but continue to watch. Lets see how low this goes

[jsc52033]

yes it is a Royalty they get their $$ from production of other companies. As of now they are lossing .14 stopped div using cash they have to buy a small
holding in Cozemmin mine copper and silver it can o lower as current PMs are dropping so their rev will drop. However, by year end I think gold ssilve and coper
will be much higher so I'm holding and looking and watching for the bottom to add JMO

[Oleblue]

The price continues to decline and is below the 8 EMA. Wait for it to break the 8 EMA on a weekly chart.

[Mephisto Berserk]

This is certainly a long play. Shareholders will have to wait for mines to come online and start production. It should be a steady build to profitability and increasing revenues. I like it. But im currently out of the position until i see downward pressure on the shares to slow down and it finds a good bottom. I think the market cap now is getting to a good spot though and will be looking to buy and hold long term soon.

[BestFishes]

Just an opinion.

[Dutch4]

Please explain.

[BestFishes]

Going to potentially become a generational buying opportunity

[Mephisto Berserk]

Lower lower lower. How long can she go?

[Mephisto Berserk]

Still trying to find the bottom this one. Interested to see new earnings. Commodities are at a good level. Should be doing well . Just dont want to buy any until its scraping its low

[BestFishes]

Gold Royalty Announces Acquisition of Royalty Over Capstone’s Producing Copper-Silver Cozamin Mine
Vancouver, British Columbia – July 31, 2023 – Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") to acquire an existing 1.0% net smelter return (“NSR”) royalty (the “Royalty”) from Endeavour Silver Corp. (“Endeavour”) on portions of the Cozamin Copper-Silver Mine, located in Zacatecas, Mexico, (“Cozamin”) for total cash consideration of US$7.5 million. Cozamin is owned and operated by Capstone Copper Corp. ("Capstone").

The Company also announces that it expects that, with the completion of the proposed acquisition, its board of directors will suspend dividends under its previously announced dividend program to focus capital on executing its strategic priority of growing cash flow and net asset value per share through accretive acquisitions.

David Garofalo, Chairman and CEO of Gold Royalty commented, “The acquisition of the Cozamin royalty brings immediate cash flow, complementing our peer-leading revenue growth rate from our portfolio of high-quality, long-life North American assets. Capstone is an experienced and proven operator and we are excited to see them continue to deliver strong operating and exploration results at Cozamin for years to come. We currently expect to be generating positive free cash flow in 2024 with, among other things, the addition of Cozamin, the Côté Gold Project on track to enter production early next year, and corporate overhead costs continuing to decrease.”

Acquisition Highlights:

Cozamin is an established, low-cost operating copper-silver mine which has been in production since 2006 and has a history of exploration success and mine life extensions;
The Royalty generated revenue of over US$1.0 million over the last year and is expected to add meaningful cash flow to Gold Royalty going forward, along with leverage to increasing copper and silver prices during the life of mine;
Capstone published an updated National Instrument I 43-101 ("NI 43-101") technical report for Cozamin in May 2023 which outlined a life of mine plan extending to 2030 based only on mineral reserves1;
The Royalty covers two concessions over the Calicanto vein at Cozamin. As part of the transaction, Gold Royalty has been granted the option to acquire additional royalties on five contiguous concessions to the south of the Royalty for consideration of up to US$500,000.
The Company intends to fund the transaction through its existing cash and cash equivalents.
1 Based on the NI 43-101 Technical Report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico” prepared for Capstone Copper Corp. with an effective date of January 1, 2023, a copy of which is available under Capstone’s profile at www.sedar.com (the "Cozamin Report") . C1 cash costs per payable pound of copper produced is a measure reflective of operating costs per unit. Capstone calculates C1 cash costs as cash production costs of metal produced net of by-product credits.

The Cozamin Royalty

Cozamin is a copper-silver underground mine with a surface milling facility, located 3.6 km north-northwest of Zacatecas City in the mineral-rich state of Zacatecas, Mexico. Since the first full year of operation, Cozamin has generated free cash flow at all points of the copper price cycle.

Cozamin has been continuously operated by Capstone since late 2006, when it commenced commercial production at a rate of 1,000 tonnes per day. At the time, it had a three-year mine life based upon then existing mineral reserves. Since then, successful exploration has extended the expected life of the mine to 2030 based on existing mineral reserves1.

From 2023 to 2030, average annual production is currently forecasted by Capstone at 20,000 tonnes of copper and 1.3 million ounces of silver at average C1 costs of US$1.51 per payable pound of copper. Between 2023 to 2027, average projected annual production is expected by Capstone to be higher at 24,000 tonnes of copper and 1.7 million ounces of silver, at lower average projected C1 costs of US$1.46 per payable pound of copper1.

Capstone announced on February 1, 2023 that it plans to update its mine plan in 2024 to introduce cut-and-fill mining, which it expects will allow it to convert additional resources to reserves and provide a pathway to increase production at the mine to better utilize the installed mill capacity of 4,400 tonnes per day.

The Royalty was created under a 2017 concession division agreement between Endeavour and Capstone, under which, among other things, if Capstone outlined a primarily base metals mineral resource estimate (defined as >60% of NSR value) on certain concessions owned by Endeavour, it would grant Endeavour a 1% NSR royalty on such concessions. The Royalty applies to two concessions (Calicanto and Vicochea) where the base metals threshold was met. Gold Royalty has also been granted an option by Endeavour to acquire a 1% NSR royalty on five additional concessions if such royalties are granted in the future. Pursuant to the option, Gold Royalty would acquire such royalties, subject to existing rights of first refusal held by Capstone, in exchange for US$300,000, in the case of the Mise concession and US$50,000 in the case of each other concession, which amount may, at the option of Gold Royalty, be satisfied by issuing Gold Royalty common shares.

The acquisition of the Royalty is subject to customary conditions and is currently expected to be completed in August 2023.

Figure 1: Plan view map superimposing the Endeavour concessions and an aerial photograph of the existing mine workings (Reference: Capstone Endeavour Division Agreement)

[Mephisto Berserk]

What is a fair market cap for GROY? I think around 200 million. So its close to where it needs to be. Still an interesting long term hold

[fink]

I’m not a big fan of copper. There is money in that, but there is so much around us at any given time.
My metal is more for insurance against my long term debt. I did good with wrapping up all my debt below 3% for the next 30 years. I missed out in the kids college debt. A senior and freshman. So long as inflation stays around 10% over the next 10+ years, I’m good.
However, if things go nutz and we see resl inflation going over 30-60% per year, everyone’s fix rate mortgages have a clause where the bank can call the entire loan ASAP. That’s where the dollar will be worthless snd gold/silver will explode. I want enough to pay off my mortgage with metal.

Other than that, gold/silver is a crap investment. I look at it as insurance.

I’ve hoarded a lot of silver. It’s heavy as hell. If the gold-silver ration ever gets below 65, I’m rolling 3/4 of my silver into gold. But damn! The ratio keeps going up. You must buy silver this high.

As gold hits new highs in the short term, next 10 years, GROY will do awesome. It’s like a gold index fund. They have a broad net of miners doing the work and taking the risk and expense. Just picking a single miner is like throwing darts. I’d rather buy physical than doing that.

[jsc52033]

well I see my email must have an incorect place I did a capital T small m and s.

[jsc52033]

Thanks for the reply I think I just sent you an emai if what I saw is correct.

seems most of us who follow the PM's seem to have similar opinions

[Sooth_Sayer]

I was drawn in reading the stories of family history, I enjoyed reading them. As far as the copper bullion goes, I bought 100 oz rounds about 3 years ago on Ebay before I knew about JM Bullion. If I remember correctly I paid 180.00. The value at one point since then was double, now it's the same price I paid. JM Bullion has much better deals than Ebay. But to me it's a mere novelty for now.

[JoJr]

If silver is $350 to $750 per ounce you might have a hard time getting change...

What do you think of the one ounce copper bullion? .999 pure with cool designs on jmbullion

[fink]

Awesome stuff. I got a few that have dug way back too. You have to be interested where your legacy began.
I can get back prior to the civil war, but not far. I’ve been to the Davidson castle in Inverness. Climbed the hill to the original ruins. Family crest and coat of arms over the fire place. It’s a motel and no one has a clue what the Davidson clan is.
My mom side is Posey. DuePosea’ when they got out of debtors prision and ran to New Orleans. We still have that property on both sides in Mississippi. Pine trees farms now.,
Like this gold. You want to build a legacy for your kids. I’ve taught mine to build on what my parents have built snd what I’ve accumulated.
To pass down a legacy living off dividends snd intrest payment insured by gold is a great thing to build on. I hope to get my Dads gold and silver and I’ll pass all that down to my two. That’s my investment. I look at metals as insurance if all he’ll break down.
These Gold plays have to be ready to pop over the next 12-24 months. They have too. The world is going to shit. Amazing how fast the a world can be at war. All we had was Syira 2 years ago. That’s about to implode too. Putin is pushed over his gas line. Just like we were pissed over 911. Bush had to do something in retaliation, so does Putin. Something stupid is going to be done snd trigger hell.

[fink]

Most major cities have a 2 week supply of groceries from all the food wholesalers that deliver by truck every day.
Once grocery stores are down to Hawaiian pizza and near beer, your city will become a war zone.
God Forbid if the grid goes down too. You will need gold/silver to buy gas. Money will be worthless. Inflation can kiss 100%s in a snap. Credit is a past dream.
I’ll Max all my credit cards out asap to buy more camping gear and ammo.

Paper gold like this will be a bust too.
But untill then, this has great potential.
I’m talking about silver going over $750 oz and gold over $7-10k.
World central banks and Nations are buying up all the gold. If Biden get us in a kinetic war, gold/silver goes balistic too. Supply gotta come from somewhere.
Wild supplies have to be getting close.
All my gold/Silver sites to buy are still loaded. Some stuff you can’t get. The rare stuff.,

[JoJr]

Agreed Fink...
We need a respect for real living once again.
The painted up gussy just don't work or produce any more.
Let the dogs eat her flesh in the street.

[jsc52033]

yes they were Last year I finished my family history. Took 38 years.I was at the end of my line of cousins youngest grand kid on fathers side.As a kid I heard my aunts and uncles talkiing about their grand parents and parents. In 1984 Bill Sherman a ccousin showed up from OR. He was at the upper end of the age group. Had been a WW2 pilot. When he got out of acative duty he remained in reserves. He and a friend started a business. They sold it in 1983. each got 20 million. He was on a mission to collect his family history. He had letters from the 1920's to 40's Those really opened things up. I converesed with him and 11 other cousins for over 30 yeras piecing things together. I even got into my wifes family as much as I could. Bill had hired a professional genealogist to search out somethings. We found a cousin in Ireland. Bill went over. He toldf me I had to go. In 2003 my wife and I went. The cousin was sick but lined us up with tthe farrmer who was farming the original farm. Saw graves and got stories. We acctually had a Scotish Prricess marry into tthe family. That had been "family rumor "proved true. One of the ffamily came over late 1790's had a memebr in the War of 1812. The Sherman side came in 1847. A 10 year old boy got sick after leaving Sligo and had to be put off at Liverpool with a cousin. SHe got sick and died. HE was put back on a ship and landed in NY. From there he walked to Louisville KY where he found his aunte, my greatgrand mother. Her nephew joined the civil war before he was old enough and was with Geneal Sherman on his march to the sea.. One of his cousins on the other side was not so lucky he was killed. My mothers side came from Denmark A cousine found a cousin there so we picked up history back into the 1700's and could have had names back to 1400's but no idea what they did. WhenI did the history I wanted to not just have name and dates but the stories and occupations. It is 789 pages with photos, obituaries and letters.

11 copies are in libraies/museums including the library of Congress. We have 12 grand kids they all have a copy it is hard bound with 70lb acid free paper. Also they have a scandisc so they can add their history as they marry and have kids. WIth so much being in texting and email not many letters anymore.

You have the good fortune to have talked with great grandparent. You need to place all you can remember into writing. It is eay with a computer. Then start digging with your cousins.
Bill SHerman died before he got anything printed. I spoke with his sone who has no interest in diving into all Bill file cabinets. He has a garage fileld with ffile cabinets. His son said he has a cousin who said he wants to do it when he gets out of the service.

I was in the Army reserves 1963-69. never activated. Began at an engineer battalion in Dubuque, transfer to a field hospital in Cedar Rapids. They had just returned from duty at Berlin.The Enngineer a year latter were activate. The reason I transfered is I got a job selling real estate in Cedar Rapids.

I have a tremmor so occasionly I mistype and spell check misses it

[fink]

Those were the good times. Their grandparents had it tough but probably thought they had it good too. All my people were self sufficient. They probably could not tell you were China is or Ukraine. Europe was a fantasy. If you went to a World fair, you were high culture. I was lucky to have seen their farms from both sides of my family. Their money was backed by gold/Silver.
It going to again or we are doomed.

[jsc52033]

yes things are changing fast. WIll be lucky is Russia and China don't unite against USA and Nato. WW3 is so very close to starting. Binden's speach in Kyiv was stupid and antagonizing.
Iran is close to a nuke bomb and N Korea building better delivery systems.

Your dad getting paid in procuce in the 60's wow. Our town in 1940-50's had 1400 people. 2 harware stores which ment 2 fundeal homes. 2 MD's and 1 Chiropractor (my dad) a harness shop. 5 grocery stores a John Deer dealer and a IH dealer. 1 ford, 1 Chevy and 1 Plymout dealer, a mens clothing store, a 5 and dime 1 drug store a varriety store a movie teather 5 gas stations, 2 feed stores 1 blacksmith shop, 1 cop, 2 resturants 1 dance hall (it was the American Legion hall) 3 schools 2 were religious, 1 stock yard, 1 moon shiner. The farmers would come into town with horses and tie up in the alleys and hit the taverns while the wives shopped.

[fink]

I was born in 1960. I got to see a lot. Knew all my great grand parents and heard the hell their grandparents ingrained into them about the civil war and how Lincoln sold America to the Brits. Local community was everything to them. After my dad graduated medical school he was sent to Alton Ill, across the river from St.Louis. He was the only doctor in the entire county. Before Medicare. People had nothing. But what they had, they cherished. Things had worth back then. He got paid in shotguns and chickens. Life was tough. People were strong and asked for help, not now. Now We have feelings.
The next 10 years will set the direction for this nation for decades

Hard assets is the only way. Those in debt will suffer the most. I too know how to plow a field, big a well and make fire. Protecting what you have might be the best skill.

Come next Fall, we will know.

[jsc52033]

I'm in Iowa and all grand kids know how to shoot. One granddaughter use to hunt with black powder. My oldest son doesn't think we see a ccivl war until another 10-20 yeras depending who wins the next election and gets the woke idiots out of poewer. Problem is so many kids
in blue states have been miseducated and don't care to work. Teens need jobs to develope responsibility. I'm 82 but as a kid I had my first job in our small town as a dumb boy on the garbage truck. I was 10 got $4 on Saturday 6am to 6pm. In 1950 my best friends dad bought a new chevey. DAve said it should have dual exhausts. We gook the car to the next town where there was a welding shop. He took the manifold off and athe guy split it. Dave hooked up flexable tubing aand we drove back home. It was gravel all the way. Small towns were a lot different back then. I had a horse in our back yard.

[fink]

Of course it would. It might be the only thing you Can buy a tank of gas with.
But you don’t want to live in that world

I’m in Alabama so a civil war won’t effect us down here as in other areas. Get to know your local sheriff ASAP

I would not be 100miles to any large blue city.

[jsc52033]

don't you think a civil war would send the price of gold soaring?

[BestFishes]

Gold Royalty Declares First Quarter 2023 Dividend And Introduces A Dividend Reinvestment Plan

Vancouver, British Columbia – February 16, 2023 – Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has declared the Company’s first quarter 2023 cash dividend of US$0.01 per common share and adopted a dividend reinvestment plan (the "DRIP").

First Quarter 2023 Dividend

The dividend will be paid on April 13, 2023 to shareholders of record as of the close of business on March 31, 2023.

The dividend qualifies as an "eligible" dividend as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada. The Company's dividend program contemplates quarterly dividends, the declaration, timing, amount and payment of which will be subject to the discretion and approval of the board of directors of the Company based on relevant factors, including, among others, the Company’s financial condition and capital allocation plans.

Dividend Reinvestment Plan

The Company has adopted the DRIP commencing with its upcoming first quarter 2023 dividend. In order to be eligible to participate in first quarter 2023 dividend, enrollment must be completed by registered shareholders by 5:00 pm (Toronto time) on March 24, 2023. Beneficial shareholders will need to make arrangements through their brokers and/or nominees sufficiently in advance of such time.

The DRIP provides eligible shareholders of Gold Royalty with the opportunity to have all or a portion of the cash dividends declared on their common shares by the Company automatically reinvested into additional common shares, without paying brokerage commissions.

Participation in the DRIP is optional and will not affect shareholders' cash dividends unless they elect to participate in the DRIP.

The DRIP allows participating shareholders to reinvest some or all of their cash dividends into additional common shares. At the current time, the common shares will be issued under the DRIP at a 3% discount to the Average Market Price, as defined in the DRIP, without paying brokerage commissions.

The Company has the discretion to cause share issuances under the DRIP to be satisfied by issuing common shares from treasury or through purchases of common shares on the open market including the facilities of the NYSE American and will advise as such with each dividend declaration.

Participation in the DRIP

Participation in the DRIP is expected to be available to registered shareholders residing in (i) Canada;(ii) the United States, subject to the Company filing and the SEC declaring effective a registration statement in the United States; and (iii) all other jurisdictions where such participation is not prohibited under applicable law.

Registered Shareholders

Registered Shareholders may enroll in the DRIP by completing an enrollment form, which is available on the Company's website at http://www.goldroyalty.com/investors/dividends/ and following the instructions therein.

Beneficial Shareholders

Beneficial shareholders should contact their financial intermediary to seek enrollment. In order to participate in the DRIP, a beneficial shareholder must either:

arrange for their broker or other nominee to enroll in the DRIP on their behalf; or
transfer their common shares into their own name and enroll directly in the DRIP as a registered shareholder.
Due to administrative policies of The Depository Trust Company ("DTC"), in order to make an election under the DRIP, beneficial shareholders that hold their common shares through a DTC participant broker, will need to either cause their broker to withdraw their shares from DTC and deposit them with the Clearing and Depository Services, Inc.; or (ii) cause their broker to register such shares directly in the name of such beneficial shareholder. Such actions would need to be completed with sufficient time to deliver elections prior to applicable deadlines as set forth in the DRIP.

All shareholders considering enrollment in the DRIP should carefully review the terms of the DRIP, a copy of which is available at http://www.goldroyalty.com/investors/dividends/, and consult with their advisors as to the implications of enrollment in the DRIP.

This press release is not an offer to sell or a solicitation of an offer of securities. The Company intends to file a registration statement relating to the DRIP with the U.S. Securities and Exchange Commission, and, when filed, electronic copies may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at http://www.sec.gov or by contacting the Company using the contact information below.

Shareholders with any questions regarding the DRIP and the enrollment process may contact: [e-mail].

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Gold Royalty Corp.

Peter Behncke
Manager, Corporate Development & Investor Relations
Telephone: [phone]
Email: [e-mail]

Cautionary Statement on Forward-Looking Information:

Certain of the information contained in this news release constitutes 'forward-looking information' and ‘forward-looking statements’ within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements") which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements respecting future dividends and implementation of the DRIP. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions relating to commodities prices, the projects underlying the Company's royalty interests and the business of the Company. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, risks related to the Company's ability to satisfy the conditions and covenants necessary to exercise the Accordion, and other factors set forth in the Company's Annual Report on Form 20-F for the year ended September 30, 2022 and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.




Gold Royalty Corp.

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[BestFishes]

Gold Royalty Corp. Announces 2022 Year-End Results With Record Total Annual Revenues Exceeding Guidance

Vancouver, British Columbia – December 27, 2022 – Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the fiscal year ended September 30, 2022. Going forward, the Company will change its fiscal year end to December 31 commencing in 2023 to better align with the reporting cycle of our peers. All amounts expressed in U.S. dollars unless otherwise noted.

David Garofalo, Chairman and CEO of Gold Royalty, commented, “We are pleased to have exceeded our fiscal 2022 guidance with $5.7 million in Total Revenues and Option Proceeds1 from our highly successful royalty generation program. This marks the first full fiscal year for Gold Royalty as a public company with our portfolio already delivering meaningful organic revenue growth, and with several of our most significant royalties on high-quality, long-life projects expected to enter production in the next 12 to 18 months.”

“Our current asset base and strong balance sheet give us a solid foundation to grow and we are optimistic that we can continue to accretively add new assets to the portfolio. We are also pleased to announce that we will be publishing our inaugural Asset Handbook and ESG & Sustainability Report in the first half of 2023,” added Mr Garofalo.

Highlights for the 2022 fiscal year include:

Total Revenue and Option Proceeds1 from the royalty generation program, of $0.9 million and $5.7 million for the three months and year ended September 30, 2022, respectively, exceeding guidance of $5.0 million for the fiscal year;
Gold Equivalent Ounces (“GEOs”)1 of 517 and 2,156 representing revenues of $0.9 million and $3.9 million for the three months and year ended September 30, 2022, respectively;
Cash, cash equivalents and marketable securities of approximately $14.2 million as at September 30, 2022, position the Company well for further growth. This excludes an accordion feature in the revolving loan facility with Bank of Montreal providing for an additional $15.0 million of availability, subject to certain conditions;
In the fiscal year ended September 30, 2022, the Company continued the execution of its acquisition strategy completing the acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd., acquiring a royalty on the Côté Gold Project, expanding its royalties on the Beaufor mine, and acquiring a portfolio of royalties in Nevada from Nevada Gold Mines LLC;
Gold Royalty's portfolio expands to 2162 royalties with a focus on the best mining jurisdictions in the Americas (2021 Fraser Institute of Mining Attractiveness Index); and
Gold Royalty introduced quarterly dividends in 2022, yielding over 1.5% at current share prices.

1 See Non-IFRS Measures below.

2 Number of royalties is presented on a pro forma basis assuming the closing of the previously announced agreement with Val-d’Or Mining. Refer to the Company's press release dated December 2, 2022.

A summary of the financial and operating results for the year ended September 30, 2022, follows:

Year Ended
September 30, 2022 Year Ended
September 30, 2021
(in thousands of dollars, except per share amounts) ($) ($)
Statement of Loss and Comprehensive Loss
Revenue 3,944 192
Net loss (17,346) (15,006)
Net loss per share, basic and diluted (0.14) (0.45)
Dividends declared per share 0.03 0
Non-IFRS and Other Measures
Total Revenue and Option Proceeds* 5,724 192
Adjusted Net Loss* (12,462) (9,338)
Adjusted Net Loss Per Share, basic and diluted* (0.10) (0.28)
Total GEOs* 2,156 104
Cash flow used in operating activities, excluding changes in non-cash working capital* (12,169) (9,088)
Cash flow used in operating activities, excluding changes in non-cash working capital and transaction related expenses* (6,576) (5,853)
* See Non-IFRS Measures below.

For further detailed information, please refer to the Company's Annual Report on Form 20-F, including its audited financial statements and management's discussion and analysis, for the year ended September 30, 2022, copies of which are available under the Company's profile at www.sedar.com and www.sec.gov.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Gold Royalty Corp. Contact

Peter Behncke
Manager, Corporate Development & Investor Relations
Telephone: [phone]
Email: [e-mail]

Qualified Persons

Alastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects of Canadian Securities Administrators and has reviewed and approved the technical information disclosed in this news release.

Non-IFRS Measures

We have included, in this news release, certain performance measures that do not have standardized meanings prescribed under International Financial Reporting Standards ("IFRS"), including: (i) Total Revenue and Option Proceeds, which is determined by adding Proceeds from option agreements to Revenue; (ii) Adjusted Net Loss, which is determined by deducting transaction-related expenses, share of loss and dilution gain in associate, impairment, changes in fair value of derivative liabilities and short-term investments, gain on loan modification, foreign exchange gain/(loss) and other income from net income (loss); (iii) Adjusted Net Loss Per Share, which is determined by dividing Adjusted Net Loss by the weighted average number of common shares for the applicable period; (iv) cash flows from operating activities, excluding changes in non-cash working capital, which is determined by excluding the impact of changes in non-cash working capital items to or from cash used in operating activities; (v) cash flows from operating activities, excluding changes in non-cash working capital and transaction related expenses, which is determined by deducting transaction-related expenses from cash flows from operating activities, excluding changes in non-cash working capital ; and (vi) GEOs, which are determined by dividing revenue by the average gold price for the applicable period. Each of which are non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company presents such measures as it believes that certain investors use this information to evaluate the Company’s performance in comparison to other royalty companies in the precious metals mining industry. Readers are advised that other companies may calculate such measures differently. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For additional information, including a numerical reconciliation of such non-IFRS measures, readers should refer to the section titled "Non-IFRS Measures" in the Company's management's discussion and analysis for the year ended September 30, 2022, which are available under the Company's profiles at www.sedar.com and www.sec.gov.

Notice to Investors

Disclosure relating to properties in which Gold Royalty holds royalty or other interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Cautionary Statement on Forward-Looking Information:

Certain of the information contained in this news release constitutes 'forward-looking information' and ‘forward-looking statements’ within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), including but not limited to statements regarding: expectations regarding the development of the projects underlying the Company's royalty interests. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company’s royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments as well as the impact of, and response of relevant governments to, COVID-19 and the effectiveness of such responses and the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended September 30, 2022 and its other publicly filed documents under its profiles at www.sedar.com and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Gold Royalty Corp.

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[fink]

I got so many I want to bite into.,
TE&LL
TRL&EF
AGM&RF
I want to have all these loaded by March.

Unless they put us into a civil war to kill the new Congress.

[BestFishes]

And I’m lickin my chops at these levels...

[fink]

52week Low @ $2.11 is being threatened.
Biden and the Dems have destroyed our economy.

Our dollar is a dead dollar walking.
Just a matter of time till gold/silver explodes.

The digital dollar will be rejected.

[fink]

End of the year paper tax loss sales.
Great price, but what a crap market out there.
Setting even lower alerts. I think this still has tons of time till the US dollar is rejected on the World stage to trigger a massive run in metals.

I need to get to August before everything crashes.

GROY has a $339m market cap today. Cut thst in half snd WOW!

[Dutch4]

Thanks for the analysis, really appreciate it.

[fink]

Might not For some time.
Fuel costs are up snd the big need for silver/Gold has not gone insane crazy…. Yet!
The dollar needs to crash first.
In my opinion.

Gold should be above $3k snd silver should be above $40. It’s still being manipulated flat or down. Silver shorts are covered snd have gone long on the world stage. Tells me accumulation needs to be done first before people are manipulated Into scare demand their physical metals and set off paper gold defaults. It’s coming. You hold paper gold, your going to get cleaned out. And no one will give a crap. Like FTX bag holders.,

What I’m thinking, we won’t see a massive push in mining output till metals explode. Like they are all sitting on their shovel waiting for this.
I have no doubt the dollar is on life support today. Give it 6 months. Buy the dips
I love this play.

I like gold busters paper gold and silver play on the changing gold/silver ratio. But even that is high risk in this environment. I got a guy local that pays spot so long as buy from him. No need to go to the grand turks

[Dutch4]

When is this getting back to the 4’s?

[Mephisto Berserk]

Yeah they have some good assets. Price finally dropped down to where im back in.

[Brokemillwright]

http://castbox.fm/app/castbox/feed/204ebfae814ff051236ebd93d4a523cc65814405/track/52d230e527ea5f40650f7eb5ceebb4e9efea8596

Give that a listen

[Chrism0000]

Sooner or later this company might really take off with all the other countries collecting gold and trying to collapse to US dollar??

[Lowjack]

This margin call should take care of that!
https://www.goldmining.com/_resources/financials/GMI-Consolidated-FS-Q2-2022.pdf?v=0.067

[Sooth_Sayer]

GROY is over valued still.

[BestFishes]

what in the hell is happening today? no news?