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GROY - Why Gold Royalty (GROY) Shares Are Falling | Benzinga

Gold Royalty Corp.

Gold Royalty Corp (NASDAQ:GROY) shares are trading lower by 13.8% to $1.65 during Tuesday’s session after the company announced that it entered into a binding agreement to acquire a copper stream on the Vares Silver Project. The company entered into an agreement with National Bank Financial and BMO Capital Markets for a $300 million bought deal financing.

Gold Royalty says the Vares project, with an 18-year mine life, offers expansion and exploration potential. Gold Royalty anticipates increased cash flow and benefits from high copper prices. CEO David Garofalo emphasized the acquisition’s potential to enhance revenue and cash flow while strengthening their partnership with Orion.

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GROY) Shares Are Falling>Full story available on Benzinga.com
Stock Information
Company Name: Gold Royalty Corp.
Stock Symbol: GROY
Market: NYSE
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