- Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE:GROY) is pleased to announce the acquisition of an additional interest in an existing royalty over the REN project, the release of its 2026 Integrated Report, and further details on the Company's Capital Markets Day.
REN Royalty Acquisition
The Company has acquired an additional indirect 0.1875% net smelter return ("NSR") royalty interest over the REN project for total cash consideration of US$6.25 million. This is in addition to the existing indirect 1.50% NSR interest held on the same terms. As a result, the Company's net interests over the REN project have increased to a 1.6875% indirect NSR and a 3.5% Net Profit Interest. The REN project is a development-stage project located in Nevada, USA, owned by Nevada Gold Mines, a joint venture between Barrick Mining Corp. (61.5%) and Newmont Corp. (38.5%), and operated by Barrick Mining Corp. Barrick has announced that it expects to achieve first production at Ren in 2026 and ramp up to full production by year-end 2027, with an annual forecasted average gold production of 140,000 ounces.