Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 116

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 116
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 been estimated using a discounted cash-flow approach based on the following assumptions: risk-free interest rate of4.04%(2023: 3.53%), calibrated credit spread of2.95%(2023: 3.48%), estimated long-term gold price of$2,148(2023: $1,712) per ounce and expected volatility of gold of14.88%(2023: 14.25%). The Company recorded a fair value gain on the loan of$1,681(2023: $172) in change in fair value of gold-linked loan in the consolidated statements of comprehensive loss for the year ended December 31, 2024.
($)
Investment in gold-linked loan 10,000
Interest income credited against gold-linked loan ( 33)
Change in fair value during the year 172
Balance at December 31, 2023 10,139
Interest income credited against gold-linked loan ( 1,081)
Change in fair value during the year 1,681
Balance at December 31, 2024 10,739

7. Bank loan
On January 24, 2022, the Company secured a $10,000 revolving credit facility (the " CreditFacility") with the Bank of Montreal, that includes an accordion feature providing for an additional $15,000 of availability (the "Accordion"), subject to certain conditions. The Credit Facility, secured by the Company's assets, is for general corporate use, acquisitions, and investments subject to certain limitations. Interest rates for amounts drawn are based on the U. S. dollar Base Rate plus3.00% per annum or Adjusted Term SOFR plus4.00% per annum. Undrawn amounts incur a standby fee of0.90% per annum.
On February 8, 2022, and February 24, 2022, the Company drew down $3,000 and $7,000, respectively. On September 14, 2022, the Company extended the maturity date of the Credit Facility with Bank of Montreal from March 31, 2023 toMarch 31, 2025. On February 10, 2023, the Company expanded the Credit Facility to $20,000 with an additional $15,000 accordion option. On February 17, 2023, the Company drew down $10,287 from the expanded Credit Facility to settle the earlier drawdown and transaction costs. On August 30, 2023, the Credit Facility