Business
Gold Royalty Provides Portfolio Update and Announces Appointment of Andrew Gubbels as Chief Financial Officer
VANCOUVER, BC, Nov. 21, 2022 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to provide an update on key project a
About this update from Gold Royalty Corp.
[{"type":"text","content":" VANCOUVER, BC, Nov. 21, 2022 /CNW/ - Gold Royalty Corp. (\"Gold Royalty\" or the \"Company\") (NYSE American: GROY) is pleased to provide an update on key project advancements within its royalty portfolio. The Company is also pleased to announce the appointment of Andrew Gubbels as Chief Financial Officer, effective January 1, 2023. David Garofalo, Chairman, President and CEO of Gold Royalty, commented: \"We are excited to see the organic growth embedded within our portfolio begin to crystalize as our operating partners advance their respective projects. Our peer leading growth is driven by royalties on two world class assets, Odyssey and Côté, which are expected to enter production in the next 12 to 18 months. We look forward to several exciting value enhancing catalysts in 2023 across our broad portfolio.\" Portfolio Update Odyssey Project (3.0% NSR) On November 4, 2022 Agnico Eagle Limited (\"Agnico Eagle\") and Pan American Silver Corp. (\"Pan American\") announced that they had delivered a definitive binding offer to the board of directors of Yamana Gold Inc. (\"Yamana\") pursuant to which Pan American would acquire all of the issued and outstanding common shares of Yamana (the \"Yamana Shares\") and Yamana would sell certain subsidiaries and partnerships which hold Yamana's interests in its Canadian assets to Agnico Eagle, including the Canadian Malartic mine and Odyssey project, located in Québec. Ownership consolidation of the Canadian Malartic mine would place a world-class asset into the hands of one of the best positioned operators in the industry to develop the mine's full potential and gives Agnico Eagle operational control during the remaining development period of the Odyssey project and future projects. Ammar Al-Joundi, President & CEO of Agnico Eagle, commented: \"The full integration of the Canadian Malartic team and landholdings into our operational base in the region would enhance our Abitibi operating platform, placing Agnico in the unique position to further optimize the asset and unlock potential value through exploration and the leveraging of existing infrastructure, people and regional relationships.\" On October 26th, 2022, Agnico Eagle announced its third quarter 2022 results including an update on development and exploration activities at Odyssey. Construction and development acti...