Gold royalty corp. completes acquisition of five gold royalties on properties managed by monarch mining corporation
Vancouver, bc, aug. 5, 2021 /prnewswire/ - gold royalty corp. ("gold royalty" or the "company") (nyse american: groy) is pleased to announce that, further to its news release dated july 23, 2021, it has completed the acquisition of five gold royalty interests on properties managed by monarch mining corporation ("monarch") (tsx: gbar) (otcqx: gbarf). the royalty interests acquired consist of: a c$2.50 per tonne royalty on material processed through monarch's beacon mill originating from the beaufor mine operations; a 2.5% net smelter return ("nsr") royalty on each of monarch's croinor gold, mckenzie break and swanson properties, each located in quebec, canada; and a 1% nsr on monarch's beaufor property, located in quebec canada (the "beaufor nsr") held by caisse de dÉpÔt et placement du quÉbec, pursuant to the transaction, gold royalty paid total consideration of c$11.25 million at closing and will pay an additional c$3.75 million upon the six month anniversary of closing.
GROY Ratings Summary
GROY Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission