Gold Royalty Corp. has announced the acquisition of a royalty over the Pedra Branca mine in Brazil for $70 million in cash from BlackRock World Mining Trust plc. The transaction includes a 25% net smelter return $(NSR)$ royalty on gold and a 2% NSR on copper, covering both the Pedra Branca East and West deposits. For the 12 months ended June 30, 2025, the royalty paid approximately $7.9 million, equivalent to around 2,800 gold equivalent ounces. The company reports that the acquisition is expected to significantly enhance cash flow, supported by an oversubscribed equity raise of $90 million and a strengthened balance sheet with nearly $100 million in available cash and unused credit facilities. You can access the full presentation through the link below.