Gold Royalty Secures US$150M Credit Line with 25 bps Rate Cut
Gold Royalty expanded its secured credit facility to US$125 million with a US$25 million accordion, raising total capacity to US$150 million at SOFR plus 2.25–3.25% (25 bps reduction), maturing November 2028. Portfolio updates include Borborema’s Q4 output surging 54% to 15,777 gold equivalent ounces.
1. Amended Revolving Credit Facility
Gold Royalty entered into an agreement with a syndicate of banks—Bank of Montreal, National Bank Capital Markets and Royal Bank of Canada—to upsize its secured revolving credit line to US$125 million and added a US$25 million accordion feature, boosting total borrowing capacity to US$150 million. The facility now carries an interest rate of SOFR plus a 2.25–3.25% margin, reflecting a 25 basis point reduction, and matures in November 2028, positioning the company to fund growth and acquisitions at lower cost.
2. Portfolio Asset Updates
Borborema (2.75% NSR) posted 15,777 gold equivalent ounces in Q4, up 54% quarter-over-quarter; Borden (0.5% NSR) saw underground drilling extend the Main Zone by 300 m; Côté Gold (0.75% NSR) commissioned a secondary crusher and will add a Vertimill in early 2027; County Line (3% NSR) commenced operations with its first shipment to Isabella Pearl; Granite Creek (10% NPI) delivered high-grade infill assay results supporting its model; Jerritt Canyon (0.5% NSR) completed 5,889 m of Q4 drilling.