Companies · Mining & Resources

Gold Royalty Corp.

VANCOUVER · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Gold Royalty Corp. — recommendation, valuation, rhythm, risks.
$27.5M
Total raised · real
1
Rounds
1.0×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Thu Sep 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Gold Royalty Corp. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.46× the median modeled value of Series B Mining & Resources companies in 2022–2024 (13 peers) — value vs value, same stage and era.
  • Within the normal band (146% of peer median) for its niche.
Dormant
  • Last raise 3.8 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Gold Royalty Corp. is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 93% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2020
Year incorporated
2022-09-01
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeries B · 2022-09-01 Raised $28M (real) Modeled valuation $119M (est)$28M$119MSeries B2022Series B · 2022-09-01 Raised $28M (real) Modeled valuation $119M (est)$28M$119MSeries B2022+$28MCumulative $55M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$27.5M · 2022
Series B extension$27.5M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$118.8M
Base estimate est.
$65.3M
Conservative case
$301.8M
Upside case
$152.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series B · modeled $118.8M · 2022-09-012022Series B · modeled $118.8M · 2022-09-012022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.05×/yr
Annual markup
1.27×/yr upside case
3.8 yr
Elapsed time used
3.8 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
3.8 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 12× above median
This company$27.5M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 4.3× above median
This company$27.5M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 47× above median
This company$118.8M
Sector median$2.5M

Raised more than 93% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #4 of 13.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Sustainable Metals Solutions LLC · Series B Raised $31.8M · modeled $132.3M (est)Crystal Mountain Gold Mine, Llc · Series B Raised $30.0M · modeled $131.3M (est)Monetary Metals Bond III LLC · Series B Raised $30.6M · modeled $120.4M (est)Coeur Mining, Inc. · Series B Raised $44.0M · modeled $100.5M (est)MARATHON GOLD Corp · Series B Raised $27.2M · modeled $92.4M (est)Brazil Minerals, Inc. · Series B Raised $26.4M · modeled $81.6M (est)Valhalla Metals Inc. · Series B Raised $19.3M · modeled $78.2M (est)Calibre Mining Corp. · Series B Raised $40.4M · modeled $57.2M (est)Americas Gold & Silver Corp · Series B Raised $41.2M · modeled $34.3M (est)Orezone Gold Corp · Series B Raised $43.9M · modeled $10.5M (est)East Asia Minerals Corp · Series B Raised $8.4M · modeled $6.5M (est)Gold Royalty Corp. (this company) Raised $27.5M · modeled $118.8M (est)Gold Royalty Corp.
CompanyStageRaised · realValue · estvs peer med.
Sustainable Metals Solutions LLCSeries B$31.8M$132.3M1.62×
Crystal Mountain Gold Mine, LlcSeries B$30.0M$131.3M1.61×
Monetary Metals Bond III LLCSeries B$30.6M$120.4M1.48×
Gold Royalty Corp. this companySeries B$27.5M$118.8M1.46×
Coeur Mining, Inc.Series B$44.0M$100.5M1.23×
MARATHON GOLD CorpSeries B$27.2M$92.4M1.13×
Brazil Minerals, Inc.Series B$26.4M$81.6M1.00×
Valhalla Metals Inc.Series B$19.3M$78.2M0.96×
Calibre Mining Corp.Series B$40.4M$57.2M0.70×
Americas Gold & Silver CorpSeries B$41.2M$34.3M0.42×
Orezone Gold CorpSeries B$43.9M$10.5M0.13×
East Asia Minerals CorpSeries B$8.4M$6.5M0.08×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$27.5M2022-09-01$152.8M$118.8M90%
Series B$27.5M2022-09-01$152.8M$118.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$27.5M2022-09-01
    • First recorded raise — entered as Series B.
    • 1 investor on this round.
  2. Series B$27.5M2022-09-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
Modeled next raise
$27.5M
Modeled next size est.range $27.5M$44.0M
1.0×
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David Garofalo1 other2022-09
Josephine Man1 other2022-09
Alan W. Hair2022-09
Amir W. Adnani2022-09
Glenn W. Mullan2022-09
John W. Griffith2022-09
Karri W. Howlett2022-09
Ken W. Robertson2022-09
Warren W. Gilman2022-09
Registry & provenance

Gold Royalty Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1834026
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
MARATHON GOLD CorpMining & ResourcesSeries B$27.2M$92.4Msame sector · same stage
Western Alaska Minerals Corp.Mining & ResourcesSeries B$28.0M$4.6Msame sector · same stage
GS Mining Co LLCMining & ResourcesSeries B$26.6M$96.0Msame sector · same stage
Brazil Minerals, Inc.Mining & ResourcesSeries B$26.4M$81.6Msame sector · same stage
Crystal Mountain Gold Mine, LlcMining & ResourcesSeries B$30.0M$131.3Msame sector · same stage
Rivers of Gold, Alaska Mining, Global TV Show, Global Merchandising LPMining & ResourcesSeries B$30.4M$145.9Msame sector · same stage
Monetary Metals Bond III LLCMining & ResourcesSeries B$30.6M$120.4Msame sector · same stage
Critical Metals Corp.Mining & ResourcesSeries B$24.6M$94.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Uranium Royalty Corp.Mining & ResourcesSeries A$32.8M90%
Legend Gold CorpMining & ResourcesSeries A$757K89%
Royal Mines & Minerals CorpMining & ResourcesSeed$644K89%
U.S. Gold Corp.Mining & ResourcesSeries B$115.0M88%
Prince Silver Corp.Mining & ResourcesPre-Seed$268K88%
Magna Gold Corp.Mining & ResourcesPre-Seed$5.0M87%
AU Gold Corp.Mining & ResourcesPre-Seed$1.1M86%
Star Gold Corp.Mining & ResourcesSeed$5.8M86%
Frequently asked
How much funding has Gold Royalty Corp. raised?
Gold Royalty Corp. has raised approximately $27.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Gold Royalty Corp.'s estimated valuation?
Provath's modeled valuation for Gold Royalty Corp. is approximately $118.8M (modeled range $65.3M–$301.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Gold Royalty Corp. at?
Gold Royalty Corp.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Sep 01.
What does Gold Royalty Corp. do and where is it based?
Gold Royalty Corp. operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where Gold Royalty Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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