Gold Royalty Buys REN Royalty Stake for $6.25M, Expands Nevada Project

Gold Royalty Corp acquired an additional 0.1875% net smelter return royalty on the REN project in Nevada for US$6.25 million on June 15, 2026. The deal increases the company’s total interest to 1.6875% NSR and 3.5% Net Profit Interest. The REN project, operated by Barrick Mining, is expected to produce 140,000 ounces of gold annually once fully ramped up by year-end 2027. This acquisition signals Gold Royalty’s confidence in near-term gold production growth.

REN Project Expansion Strengthens Gold Royalty’s Portfolio

Gold Royalty increased its stake in the REN project through a US$6.25 million cash purchase. The company now holds a 1.6875% indirect net smelter return interest and a 3.5% Net Profit Interest on the Nevada-based development project. The REN project is owned by Nevada Gold Mines, a joint venture between Barrick Mining Corp. (61.5%) and Newmont Corp. (38.5%), and operated by Barrick Mining Corp.

Production Timeline and Gold Output Targets

Barrick Mining expects first production at REN in 2026 and full production ramp-up by year-end 2027. The project is forecast to generate 140,000 ounces of gold annually at full capacity. This timeline positions Gold Royalty to receive royalty payments starting within months, providing near-term cash flow from a major mining operation.

Gold Royalty Releases 2026 Integrated Report

The company released its 2026 Integrated Report, which includes an Asset Handbook and Sustainability Report. The Asset Handbook highlights key cash-flowing and development assets, including the recently-acquired royalty on Pedra Branca and the Jerritt Canyon mine royalty, which is expected to restart within five years. The Sustainability Report shows improved Scope 2 CO2e emissions year-over-year and strengthened community engagement efforts.

Capital Markets Day Scheduled for June 18

Gold Royalty management will host a Capital Markets Day on Thursday, June 18, 2026. The event will provide investors with further details on the company’s strategy and asset portfolio. This follows the company’s announcement of the REN royalty acquisition and release of its comprehensive integrated report.

Final Thoughts

Gold Royalty’s $6.25 million REN royalty acquisition diversifies its income streams as the Nevada project enters production in 2026. With 140,000 ounces of annual gold output expected, the company is positioned to benefit from near-term cash flow generation.

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