Pedra Branca

Gold Royalty Corp (GROY) completed acquisition of a royalty on Chile’s Pedra Branca copper‑gold mine, securing a 25% NSR on gold and 2% NSR on copper from West/East zones. The mine is projected to produce 120,000 ounces of gold and 180,000 tonnes of copper annually. The deal diversifies GROY beyond gold‑only royalties, adding copper exposure and offering an estimated $80 million contribution in 2026 at $2,100/oz gold and $9,000/t copper. The off‑balance‑sheet royalty provides upside with low operational risk, supported by recent processing upgrades and renewable energy use.