GROY - Gold Royalty Non-GAAP EPS of -$0.01 beats by $0.01 revenue of $0.77M
2023-05-11 16:39:15 ET
- Gold Royalty press release ( NYSE: GROY ): Q1 Non-GAAP EPS of -$0.01 beats by $0.01 .
- Revenue of $0.77M.
- Management believes the Company is on track to meet its previously disclosed forecast of $5.5 million and $6.5 million in Total Revenues vs $5.94M consensus and Option Proceeds in 2023 based on the production guidance published to date by the operators of the properties underlying the Company's interests, a forecasted gold price ranging from $1,700 to $2,000 per ounce and expected payments on optioned properties. The Company expects to incur $7.0 to $8.0 million in recurring cash operating expenses in 2023 (forecasted operating expenses, excluding transaction-related and other non-recurring expenses) and believes it is poised to generate positive net operating cash flow in 2024 (forecasted adjusted cash flow used in operating activities, excluding changes in non-cash working capital) when a number of its growth projects are expected to ramp up in production, including the long-life cornerstone mines at Côté and Odyssey.
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Gold Royalty Non-GAAP EPS of -$0.01 beats by $0.01, revenue of $0.77M