As you know, the past four months have brought some extreme selling to most of the shares in the mining sector. However, there are times when extreme selling leads to extreme opportunity and the situation in Gold Royalty Corp. appears to fit that description.
If you're an investor in the sector, then you realize that royalty companies differ greatly from producers and explorers and they often can provide a bit of diversification within your portfolio. But sometimes, you simply run into a liquidation where shares are sold, regardless of the individual company fundamentals.
And that appears to have occurred in Gold Royalty Corp. Where some major producers are down 50%...which alone seems crazy...Gold Royalty Corp. has been smacked for 50%, too! And why? It beats me so I thought I'd reach out to CEO David Garofalo in order to find out if I'm missing something.
As it turns out, I'm not! Business has never been better, as you can see in this latest earnings report that was just released this afternoon: https://goldroyalty.com/news/news-releases/gold-royalty-corp-announces-r...
So, in this call, David explains again the value he has built with his company and why royalty companies should be considered a vital part of a mining share portfolio. Gold Royalty Corp. is a well-run, growing company and I'm happy to be a shareholder...just like Eric Sprott, Rob McEwen, Jimmy Lee, Ian Telfer and others.
But don't just take my word for it. Do your own homework and due diligence and I think you'll find that the recent market action has created a rather compelling opportunity.
You can begin your study by researching the company under its ticker symbol of "GROY" in the U.S. You might also visit the company website and, once you're there, check out these links:
Many thanks to David for sharing his time with us today. His wisdom and experience is invaluable during times like this so I know you'll benefit from listening to this podcast.
We'll get back to the regular podcast schedule tomorrow.
This video was conducted on behalf of Gold Royalty Corp, and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit: https://portal.goldstandardir.com/disclaimer/GROY-1