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Gold Royalty Reported Prelim Q1 Revenue of $2.9M Vs $0.77M YoY, On Track to Accomplish FY24 Revenue of $10.0M-$11.2M Vs $9.64M Est

Benzinga ·  Apr 22 18:20

Gold Royalty recorded Total Revenue, Land Agreement Proceeds and Interest* of $4.2 million (Revenue of $2.9 million), equating to 2,019 gold equivalent ounces ("GEOs")*, in the first quarter of 2024, representing an increase of 112% from the first quarter of 2023.

The Company remains on track to meet its previously disclosed forecast for 2024 of between approximately 5,000 and 5,600 GEOs, which equates to approximately $10.0 million to $11.2 million in forecasted Total Revenue, Land Agreement Proceeds and Interest, and was based on a gold price of $2,000 per ounce.

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