Gold Royalty expects further growth in revenue in second half of FY24

The company said, “As previously disclosed, the company expects to see further growth in revenue in the second half of 2024 with strong commodity prices, the expected ramp up of Cote towards 90% of nameplate capacity by the end of the year, and the commencement of commercial production at the Vares Project in the Q4. The Company remains on track to meet its previously disclosed updated forecast for 2024 of between approximately 6,500 and 7,000 GEOs, which equates to approximately $13M-$14M in forecasted Total Revenue, Land Agreement Proceeds and Interest. The 2024 foregoing outlook is based on an assumed gold price of $2,000 per ounce and copper price of $4.25 per pound and on public forecasts, expected development timelines and other disclosure by the owners and operators of the properties underlying our interests and our assessment thereof.”