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Stock impact report

GOLD ROYALTY REPORTS FIRST QUARTER 2024 RESULTS; RECORD REVENUE DRIVES POSITIVE OPERATING CASH FLOW [Yahoo! Finance]

Gold Royalty Corp. Common Shares (GROY) 
Company Research Source: Yahoo! Finance
filing of its operating and financial results for the three months ended March 31, 2024 . All amounts are expressed in U.S. dollars unless otherwise noted. David Garofalo , Chairman and CEO of Gold Royalty, commented: "We are proud to have delivered on another growth milestone in the first quarter, generating positive operating cash flow for the first time. Our recent acquisitions, royalty generator model, and existing flagship royalties fueled our record revenue this quarter. We also continued to lower our cost profile compared to the prior year. With the gold price near all-time highs and the ramp up of the Côté Gold Mine in the second half of 2024, we expect to see continued royalty revenue growth through the remainder of the year. Our peer-leading long-term growth outlook and fundamentals continue to improve, driven primarily by Agnico Eagle's long-life large-scale Odyssey Mine, where underground development is ahead of expectations, Nevada Gold Mine's REN deposit which contin Show less Read more
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