Apr 28, 2021
Consolidation is coming to the royalty and streaming sector – David Garofalo
Too many streaming and royalty businesses make the sector ripe for consolidation, said Royalty Gold CEO David Garofalo in a conversation with Kitco on Tuesday.
Garofalo said the sub-$1 billion market cap companies are “…all struggling to achieve relevance to investors because they don't have the liquidity and critical mass of investors.”
Gold Royalty (NYSE American: GROY) has a portfolio of 18 net smelter return royalties ranging from 0.5% to 2.0% covering 12 projects located in the Americas. Garofalo was the former head of Goldcorp.