Gold royalty announces acquisition of royalties on producing assets from nevada gold mines; welcomes nevada gold mines as major shareholder

Vancouver, bc , sept. 1, 2022 /prnewswire/ - gold royalty corp. ("gold royalty" or the "company") (nyse american: groy) is pleased to announce that it has entered into an agreement (the "agreement") with nevada gold mines llc ("ngm"), a joint venture between barrick gold corporation (61.5%) and newmont corporation (38.5%), to acquire the following royalties on properties located in nevada for total share consideration of us$27,500,000, which will be satisfied through the issuance of 9,393,681 common shares of the company to ngm on closing: a 10% net profits interest royalty ("npi") on the high-grade, producing granite creek mine ("granite creek") operated by i-80 gold corp. ("i-80"), payable after 120,000 oz of gold or equivalent is cumulatively produced from the project; a 2.00% net smelter return royalty ("nsr") on the bald mountain mine ("bald mountain") operated by kinross gold corporation (" kinross "), payable after 10 million ounces of gold have been produced from the properties; and a 1.25% nsr on the bald mountain joint venture zone ("jv zone") also operated by kinross.
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