Gold Royalty Corp - A Growing Precious Metals Royalty Company

NYSE American: GROY $1.38

Gold Price: $2,899.06

Royalty Overview

The Côté royalty was acquired by Gold Royalty in February 2022 from a third party for total consideration of $15.875 million. The 0.75% NSR covers the southern portion of the proposed open pit where higher-grade mineralization occurs near surface. This higher-grade mineralization is expected to be scheduled during the initial phases of production. Management estimates that the royalty covers roughly one-third of the Côté deposit mineralization.

Project Overview

The Côté Gold Project ("Côté") is a tier one generational asset located within the District of Sudbury, in northeastern Ontario, Canada. Côté is being developed by a joint venture between IAMGOLD Corp. (70%), as the operator, and Sumitomo Metal Mining Co. Ltd. (30%).

The current technical report mine plan outlines a 37,200 tpd open pit operation with estimated average annual production of 495,000 oz Au over the first 6 years of operation, and average annual production of 365,000 oz Au over the 18-year mine life to become one of Canada's largest gold mines.