Gold Royalty Projects Revenue To Double; Universal Stainless Sees Record Sales; Atlas Lithium Gets $30M And More: Thursday's Top Mining Stories
Gold Royalty Projects Revenue To Double; Universal Stainless Sees Record Sales; Atlas Lithium Gets $30M And More: Thursday's Top Mining Stories
Top Stories for March 28, 2024:
1. Gold Royalty (NYSE:GROY) reported revenue of $5.2 million and a loss of $3.9 million (3 cents per share) from 2,703 gold equivalent ounces (GEO), which was below guidance due to production delays at Canadian Malartic.
The net loss per share for Q4 was 13 cents with adjusted earnings of one cent per share, an improvement from the previous year.
The company expanded from 18 to 240 royalties, including five in production, with acquisitions like Borborema and Cozamin enhancing growth from key projects like Côté and Odyssey.
For 2024, it expects 5,000 to 5,600 GEOs. Assuming gold at $2,000/oz, that translates to $10 million to $11.2 million in...
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