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Gold Royalty Corp has completed its acquisition of the Vares copper stream in Bosnia and Herzegovina, operated by Adriatic Metals plc. The stream entails ongoing payments equal to 30% of the LME spot copper price, with an effective payable copper fixed at 24.5%. 'Adriatic has offered production guidance of 240-300 kilotons (kt) of ore to be mined from Vares in 2024, with copper grades ranging from 0.5-0.6%,' said CEO David Garofalo. Garofalo highlighted the company's remarkable growth, expanding from 18 development-stage royalties to 240 royalties, including 5 producing projects. In 2024, Gold Royalty Corp expects 160% revenue growth and anticipates positive free cash flow and earnings for the first time. 'The company projects a 60% compounded annual growth rate in revenue through the end of the decade, driven by royalties on major gold mines in North America,' Garofalo stated. These developments underscore Gold Royalty Corp's strategic focus on portfolio expansion and revenue stream enhancement. #GoldRoyaltyCorpGrowth @goldroyaltycorp

Gold Royalty Corp Expands Portfolio, Forecasts Substantial Growth

Gold Royalty Corp Expands Portfolio, Forecasts Substantial Growth

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