The following is a summary of the Gold Royalty Corp. (GROY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Gold Royalty Corp. reported a Q1 total revenue of $4.2 million, a 112% increase from Q1 2023; this surge in revenue was mainly due to the aggressive acquisition strategy.

• The company achieved its first positive cash flow from operations of $0.3 million, with future projections around $1.4 million.

• Revenue guidance for the year is expected to be between $10 million and $11.2 million.

• Expenses have decreased by 10%, indicating effective cost management.

• Revenues from key royalty assets such as Canadian Malartic, Cozamin, Borden, Tonopah West, Dauntless property and Borborema contributed significantly to their Q1 revenue.

Business Progress:

• The company continues to form strategic alliances, like the one with Taurus, to allow for co-investment on new royalty opportunities above $30 million.

• Major assets like the Odyssey mine and Cote are expected to significantly impact the company's revenue in the upcoming years, with Cote expected to start production in Q3 2024.

• The newly acquired assets of Borborema and Cozamin are projected to provide a steady growth in revenue; particularly, Borborema is expected to provide approximately $3 million in revenue even before production begins.

• The company is strategically investing in mining properties that have large fully funded projects.

• It is focusing on acquiring high-quality assets and has a robust pipeline of deals; their strategic relationship with Taurus Corp provides access to a substantial fund for co-investments, accelerating their growth.

• The company's future plans consist of developments in M&A, royalty creation, third-party royalty acquisition, and project financing.

More details: Gold Royalty IR

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