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Stock impact report

Gold Royalty Completes Vares Copper Stream Acquisition

Gold Royalty Corp. Common Shares (GROY) 
Company Research Source: PR Newswire
VANCOUVER, BC, June 4, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has completed its previously announced acquisition of a copper stream (the "Stream") on the Vares Silver Project ("Vares"), operated by a subsidiary of Adriatic Metals plc  and located in Bosnia and Herzegovina (the "Transaction").David Garofalo, Chairman and CEO of Gold Royalty, commented: "Closing this Transaction further solidifies our outlook for strong free cash flow growth in 2024 and beyond. We believe Vares is an exceptional asset that supplements our robust portfolio of royalties on long-life and low-cost projects in top-tier mining jurisdictions. We look forward as our operating partners deliver at the assets underlying our interests and our revenue growth potential is crystalized."Pursuant to the Transaction, the Company acquired the Stream from OMF Fund III (Cr) Ltd. ("OMF"), an entity managed by Orion Mine Finance Management Show less Read more
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