Business
Gold Royalty Publishes 2023 Sustainability Report And Updated Asset Handbook
VANCOUVER, BC, June 5, 2024 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the publication of its sec
About this update from Gold Royalty Corp.
[{"type":"text","content":" VANCOUVER, BC, June 5, 2024 /CNW/ - Gold Royalty Corp. (\"Gold Royalty\" or the \"Company\") (NYSE American: GROY) is pleased to announce the publication of its second annual Sustainability Report and Asset Handbook. David Garofalo, Chairman and CEO of Gold Royalty, commented, \"Our 2023 Sustainability Report and updated Asset Handbook highlight Gold Royalty's exceptional growth and the Company's exciting outlook ahead. 2023 through to the beginning of this year have been transformational for the Company as our recent acquisitions supplement the cash flow of our cornerstone development stage assets. Not only have we bolstered the strength of our portfolio, but we have done so while remaining steadfast in our commitment to sustainability and responsible resource development. This is evident through the Borborema transaction in December 2023, where Gold Royalty committed up to $300,000 in sustainability-linked contributions to Aura Minerals to benefit communities where their project is located. This is a novel practice we aim to incorporate in our future project financing transactions. We are pleased to share these reports with our investors and stakeholders and we are confident they will assist you in understanding the fundamental value of our assets and our commitment to building a sustainable long-term business.\" 2023 Sustainability Report Gold Royalty is proud of its numerous sustainability accomplishments in 2023, with a variety of initiatives that have supported business growth, enhanced corporate governance, and advanced our ESG performance. These include: Announced inaugural sustainability-linked co-investment of $300,000 provided to enhance the sustainability impact at the Borborema mine. Gold Royalty's portfolio had a carbon intensity of 0.25 T CO2E/GEO, representing one of the lowest carbon intensities in the royalty and streaming sector. Contributed to diverse community causes, including arts, culture, scholarships, and mental health. Reviewed 100% of new royalty and streaming agreements and opportunities through our enhanced ESG due diligence process. 2024 Asset Handbook The 2024 Asset Handbook provides a comprehensive overview of our diverse royalty portfolio and the key assets fueling our growth. In 2023, Gold Royalty supplemented its portfolio with the acquisition of the Borborema and Cozamin royalties, in additi...