Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 113

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 113
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 beginning on or after January 1, 2024, and adoption of these amendments did not have an effect on our financial statements.

4. Royalties, streaming and other mineral interests
Streams on Production Stage Assets Royalties on Production Stage Assets Royalties on Development Stage Assets Royalties on Exploration and Resource Stage Assets Other mineral interests Total
($) ($) ($) ($) ($) ($)
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Balance at December 31, 2022 - 310,656 122,422 215,326 19,100 667,504
Additions - 7,369 21,250 1,152 - 29,771
Disposal - - - - ( 322) ( 322)
Depletion - ( 943) - - - ( 943)
Land agreement proceeds - - - - ( 1,909) ( 1,909)
Impairments - ( 8,752) - ( 13,627) - ( 22,379)
Balance at December 31, 2023 - 308,330 143,672 202,851 16,869 671,722
Additions 50,884 - - - 153 51,037
Disposal - - - - ( 112) ( 112)
Depletion ( 314) ( 2,890) - - - ( 3,204)
Land agreement proceeds - - - - ( 1,663) ( 1,663)
Transfers - 16,132 ( 16,132) - - - 
Balance at December 31, 2024 50,570 321,572 127,540 202,851 15,247 717,780

F-12

Gold Royalty Corp.

Notes to Consolidated Financial Statements

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

4. Royalties, streaming and other mineral interests (continued)
During the year ended December 31, 2024, IAMGOLD's Côté Gold Mine commenced production, and its carrying value of $16,132 was transferred from royalties on development stage assets to royalties on production stage assets.
Vareš Copper Stream
On June 4, 2024, the Company completed the acquisition from OMF Fund III (Cr) Ltd., an entity managed by Orion Mine Finance Management