This program was produced on behalf of and for the account of Gold Royalty. Gold Royalty has acquired the license for BlackRock World Mining Trust's Pedra Branca copper and gold mine for US$70 million. The license includes a net smelter return of 25% on gold and 2% on copper. Gold Royalty expects the acquisition of the licenses to generate significant revenue and has also completed a share placement with gross proceeds of US$103.5 million to finance the acquisition of the royalty. The point and figure chart signals a buy with a price target of US$6-6.50.
Gold Royalty Acquires a Royalty on the Copper-Gold Project Pedra Branca in Brazil
03:18 MIN 4
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