Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 135

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 135
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 - 25,287 - - 
Revolving credit facility - interest 5,467 2,199 3,268 - - 
Convertible debentures - principal 40,000 - - 40,000 - 
Convertible debentures - interest 17,167 4,000 12,000 1,167 - 
88,219 6,295 40,757 41,167 - 
15.4 Currency risk
The Company is exposed to foreign exchange risk when the Company undertakes transactions and holds assets and liabilities in currencies other than its functional currency. The Company currently does not engage in foreign exchange currency hedging. The currency risk on the Company's cash and cash equivalents, short-term investments and accounts payable and accrued liabilities is minimal.
15.5 Equity price risk
The Company is exposed to equity price risk associated with its investments in other mining companies. The Company's short-term investments consisting of common shares are exposed to significant equity price risk due to the potentially volatile and speculative nature of the businesses in which the investments are held. Based on the Company's short-term investments held as at December 31, 2024, a10% change in the market price of these investments would have an impact of approximately $16 on net loss. The Company is not exposed to significant equity price risk related to its short-term investments.
15.6 Interest rate risk
The Company's exposure to interest rate risk arises from the impact of interest rates on its cash and secured revolving credit facility, which bear interest at fixed or variable rates. The interest rate risks on the Company's cash balances are minimal. The Company's secured revolving credit facility bears interest at a rate determined by reference to the U. S. dollar Base Rate plus a margin of3.00% or Adjusted Term SOFR plus a margin of4.00%, as applicable and an increase (decrease) of10 basis point in the applicable rate of interest would not have a significant impact on the net loss for the year endedDecember 31, 2024. The Company's lease liability is determined using the interest rate implicit in the lease and an increase (decrease) of10 basis points would not have a significant impact on the net loss for the year ended December 31, 2024.

F-24

Gold Royalty Corp.

Notes to Consolidated Financial Statements

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

16. Related party transactions
16.1 Related Party Transactions
QRC, an entity