“With first cash flow expected in 2023, the acquisition of the royalty on the Côté gold project will further enhance our sector-leading growth profile and expand our portfolio to include 28 producing and developing royalties anchored in Tier one jurisdictions,” said David Garofalo, CEO of Gold Royalty, in a media statement.
“This transaction represents the fifth major acquisition undertaken by Gold Royalty since our IPO last year, representing an unprecedented pace of growth and resulting in a diverse and well-balanced portfolio of 192 high-quality precious metal royalty assets. This enhanced scale drives increased trading liquidity, lower cost of capital and, ultimately, higher valuations,” Garofalo added.
Together with Canadian Malartic’s Odyssey project, the company would now own royalties on what is expected to be two of Canada’s largest and longest-life gold mines.
The Côté project is located in the Chester…
