Gold Royalty: First Free Cash Flow in Q1 2024 and Strong Growth in the Future

David Garofalo, CEO of Gold Royalty, discusses the company's great first quarter results and future growth prospects. The company is expecting to double its revenue this year and achieve 60% compound annual growth through the end of the decade. Gold Royalty has a strong portfolio of royalties from some of the biggest producing gold mines in North America, which will drive their revenue growth. The company has already achieved 40% of its full-year revenue guidance in the first quarter alone, due to the higher than anticipated gold price. They also have a strategic alliance with Taurus Mining Royalty Fund, which provides access to a deep pool of capital for larger royalty opportunities. H.C. Wainwright and we have a much higher price target of $5.75.

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