Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 132

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 132
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 31, 2022
(transition period)
($) ($) ($) ($)
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Interest expense on bank loan 2,053 1,584 279 617
Interest expense on convertible debentures 4,207 173 - - 
Accretion of convertible debentures 1,761 62 - - 
Interest expense on lease liabilities 22 20 6 16
8,043 1,839 285 633

15. Financial instruments
The Company's financial instruments consist of cash and cash equivalents, short-term and long-term investments, gold-linked loan, accounts receivable, accounts payable and accrued liabilities, lease obligation, bank loan, convertible debentures, and embedded derivatives.
The Company uses the following hierarchy for determining and disclosing fair value of financial instruments:
•
Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities.
•
Level 2: other techniques for which all inputs have a significant effect on the recorded fair value which are observable, either directly or indirectly.
•
Level 3: techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data.

F-22

Gold Royalty Corp.

Notes to Consolidated Financial Statements

(Expressed in thousands of United States dollars unless otherwise stated)

15. Financial instruments (continued)
As at December 31, 2024
Level 1 Level 2 Level 3 Total
($) ($) ($) ($)
────────────────────────────────────────────────────────────────────────────────────────────────────────
Recurring measurements
Financial assets at FVTPL
Short-term investments 214 - - 214
Gold-linked loan - - 10,739 10,739
Financial assets at FVOCI
Long-term investments - - 1,390 1,390
Financial liabilities at FVTPL
Embedded derivative - - ( 1,309) ( 1,309)
214 - 10,820 11,034
As at December 31, 2023
Level 1 Level 2 Level 3 Total
($) ($) ($) ($)
────────────────────────────────────────────────────────────────────────────────────────────────────────
Recurring measurements
Financial assets at FVTPL
Short-term investments 342 - - 342
Gold-linked loan - - 10,139 10,139
Financial assets at FVOCI
Long