Gold Royalty Corp - A Growing Precious Metals Royalty Company

NYSE American: GROY $2.19

NYSE American: GROY.WS $0.20

Gold Price: $1,976.95

Royalty Overview

The Côté Gold Project royalty was acquired by Gold Royalty in February 2022, through a financing agreement with IAMGOLD Corp. The 0.75% NSR covers zones 5 and 7 of the project, which based on the geometry of the deposit, is coincident with the higher-grade mineralization and is expected to be scheduled during the initial phases of production. We estimate that the royalty covers roughly a third of the of the Côté deposit mineralization, mostly found within zone 5, with zone 7 providing significant exploration potential long term. For additional information on coverage please see the royalty coverage map included in the photo gallery.

Project Overview

The Côté Gold Project is located in the Chester and Yeo Townships, within the District of Sudbury, in northeastern Ontario, Canada, approximately 125 km southwest of Timmins and 175 km northwest of Sudbury, covering a total area of about 587 km².

IAMGOLD completed an updated feasibility study on the project in 2021, as set out in a technical report titled " Technical Report on the Côté Gold Project, Ontario, Canada" with an effective date of November 26, 2021. The report was updated on August 12, 2022 after additional work was done on the project. The updated report describes a 37,200 tpd open pit operation with estimated average annual production of 495,000 oz Au over the first 6 years of operation, and average annual production of 365,000 oz Au at an AISC of US$854/oz over the 18-year mine life.