By Adriano Marchese
Gold Royalty said it expects to see strong growth over the next five years thanks to the addition of new assets.
The New York-listed Canadian gold royalties company said Thursday that it expects gold equivalent ounces to rise to between 5,700 to 7,000 in 2025, up from 5,462 in 2024.
By 2029, Gold Royalty expects this to grow to 23,000 to 28,000 gold equivalent ounces.
"The projected five-year outlook reflects continued contributions from our cornerstone producing assets, as well as new production from assets currently in development," the company said.
The new production levels are expected to be beef up the company's balance sheet with stronger cash flow generation and stable and low operating costs, it said.
Gold Royalty said that it will continue to prioritize debt repayment and disciplined growth, but that it expects also to have the flexibility to pursue opportunities as they arise.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 20, 2025 06:49 ET (10:49 GMT)
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