Borden Mines Superintendent's House

Gold Royalty Receives Initial Royalty Payments on Newmont's Producing Borden Mine

Retrieved on: 
Tuesday, July 5, 2022

VANCOUVER, BC, July 5, 2022 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has begun to receive royalty payments related to its Borden Lake net smelter return ("NSR") royalty (the "Royalty") over Newmont Corporation's ("Newmont") producing Borden Mine located in Ontario, Canada.

Key Points: 
  • VANCOUVER, BC, July 5, 2022 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has begun to receive royalty payments related to its Borden Lake net smelter return ("NSR") royalty (the "Royalty") over Newmont Corporation's ("Newmont") producing Borden Mine located in Ontario, Canada.
  • Ely Gold Royalties Inc, a wholly owned subsidiary of Gold Royalty, originally purchased the Royalty on May 6, 2020.
  • (See Ely Gold press release dated May 28, 2020)
    It has now been confirmed that mining at the Borden Mine ("Borden" or "Borden Mine") is occurring on the AOI Claims and therefore Newmont has begun making royalty payments under the AOI Royalty.
  • David Garofalo, Chairman and CEO of Gold Royalty commented: "Borden brings another high-quality cash flowing asset into our portfolio.