Gold Royalty Signs Coinvestment Agreement With Taurus Mining Royalty Fund

Dow Jones04-24

By Adriano Marchese

Gold Royalty said Wednesday that it has entered into an agreement with mining financier Taurus Mining Royalty Fund granting each the right to coinvest in certain precious metals royalties and streams of the other.

The New York-listed Canadian royalty company said the mutual cooperation agreement has a three-year timeframe and provides the framework to allow identification and evaluation of potential coinvestment opportunities.

In particular, each party will have the right, but not the obligation, to invest between 25% and 50% in certain asset transactions with a value of $30 million or more.

If any party should sell or dispose any of the interests acquired through the agreement, the other party will have right of first offer.

Gold Royalty's Chief Development Officer John Griffith said that the partnership expands the company's reach and ability to identify potential opportunities, and also allows the company to pursue larger high-quality investments than it may otherwise not have considered on a standalone basis.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 24, 2024 06:45 ET (10:45 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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