Gold Royalty Corp (NYSE: GROY) released its 2026 integrated report in addition to announcing a $6.25 million additional acquisition to its existing silver royalty on the Ren project.
This new add-on royalty brings Gold Royalty’s total royalty to a 1.6875% NSR, in addition to a 3.5% net profit interest.
The Ren project is owned by Nevada Gold mines – a joint venture between Barrick and Newmont.
The project saw first production earlier this year, and is expected to hit full production of 140,000 ounces/year by the end of 2027.
In the integrated report, Gold Royalty flagged two important assets that it expects to move the needle:
Pedra Branca is a recent acquisition, and company leadership believes this asset will be a significant part of the portfolio moving forward.
Jerritt Canyon is a formerly productive mine that Gold Royalty believes will be back in production in the next 5 years.
This Thursday (June 18), the company will host a virtual and in-person presentation in Toronto. Three of Gold Royalty’s royalty partners will be there giving updates directly.
Also on the agenda: Gold Royalty will present a merger and acquisition outlook, giving shareholders insights into where the company is headed for the rest of the year.
Gold Royalty shares are down 26% in 2026, and sell for $2.98/share with a GP target price of $7.70/share.
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Best,
Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio