Reports Q3 total revenue and Land Agreement Proceeds up 48% to $1.4M, from $900,000 in the comparative period. David Garofalo, Chairman and CEO of Gold Royalty, commented: “I am very encouraged by our team’s progress in Q3 2023, having achieved a 48% increase in quarterly Total Revenue and Land Agreement Proceeds* in addition to a 50% decrease in quarterly Cash Operating Expenses* year over year. Our business is currently on track to deliver on our 2023 guidance and poised to break into positive free cash flow in 2024. The recently announced acquisitions of the Cozamin royalty and the SOQUEM royalty portfolio supplement what we believe is one of the strongest organic growth pipelines in the sector. Odyssey, Cote and REN have had positive advancements during the quarter with initial production from Cote expected by its operator in early 2024.”
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- GOLD ROYALTY REPORTS THIRD QUARTER 2023 FINANCIAL AND OPERATING RESULTS – CONTINUED GROWTH DRIVEN BY RECENT ACQUISITIONS
- Gold Royalty to acquire royalty portfolio from SOQUEM for C$1M
- Gold Royalty Announces Acquisition of Québec Royalty Portfolio; Welcomes SOQUEM as Shareholder
- Gold Royalty price target lowered to $2.75 from $3 at Scotiabank
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