Gold Royalty Corp. Acquires Borborema Gold Mine Royalty for $45 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Source: PRnewswire
- Acquisition Agreement: Gold Royalty Corp. has entered into an agreement with Dundee Corporation to acquire a net smelter royalty on the Borborema gold mine for a total consideration of $45 million, comprising $30 million in cash and 3,571,429 newly issued common shares, reflecting the company's strong confidence in this asset.
- Royalty Details: The royalty applies to the Borborema Project, with a net smelter return rate of 1.5% on the first 1.5 million ounces of payable gold production, decreasing to 1.0% until 2 million ounces, which will provide stable cash flow and long-term revenue potential for the company.
- Investor Participation: Taurus Mining Royalty Fund intends to participate in this transaction by acquiring a half interest in the royalty for $22.5 million in cash, further solidifying Gold Royalty's investment base in the project and demonstrating market confidence in its prospects.
- Strategic Implications: This acquisition not only strengthens Gold Royalty's asset portfolio in Brazil but also showcases the company's ability to facilitate growth through relationship-driven transactions in a competitive royalty landscape, aligning with its strategic goal of expanding high-quality assets.
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Analyst Views on GROY
Wall Street analysts forecast GROY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GROY is 5.21 USD with a low forecast of 4.75 USD and a high forecast of 6.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.850
Low
4.75
Averages
5.21
High
6.25
Current: 4.850
Low
4.75
Averages
5.21
High
6.25
About GROY
Gold Royalty Corp. is a Canada-based gold-focused royalty company offering financing solutions to the metals and mining industry. Its diversified portfolio includes approximately 248 royalty and streaming interests across properties of various stages, of which seven are on cash flowing assets. In acquiring newly created interests, the Company acts as a source of financing to mining companies for the development and exploration of projects. It does not conduct exploration, development or mining operations on the properties in which it holds interests. The Company's royalties include Vares, Isabella Pearl, Canadian Malartic, Borden, Cozamin, Marigold, Granite Creek, Edna Mountain, Bald Mountain, Hammond Reef South, Princesse Annie, Hunter Mine Group, Entre Deux Lacs, Calamity, Winnie Lake, Perestroika Ouest, Lac Lemoyne, Harricana Fault, Blue Mountain, Bejopipa, Bench Depth, Amikougami, Aquilon, Casault, Des Meloizes, Fancamp, and others. It also owns royalty of Borborema Gold Project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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