David Garofalo, the chairman and CEO of Gold Royalty Corp., joins Johny Fernandez to discuss the current state of gold prices, which are at record highs, and how investors can gain exposure from this precious metal. He shares Gold Royalty’s growth over the past five years, highlighting their collection of over 250 royalties across mines in North America and beyond.
David explains the advantages of their royalty model, which allows shareholders to benefit from rising gold prices without being burdened by mining’s operational costs. He emphasizes that their growth is fully funded, meaning there are no capital calls or dilution for investors, which is a significant advantage in today’s economic climate.
They also touch on the importance of having a well-experienced team in the mining industry, as it enables the company to source and finance lucrative deals effectively. With no debt and a strong projected cash flow for 2025, Gold Royalty is well-positioned to capitalize on new opportunities without diluting shareholder value.
Towards the end of the conversation, David shares his outlook on gold prices, predicting they could reach as high as $10,000 an ounce due to the ongoing debasement of fiat currencies. He reiterates the importance of investing in companies that provide leverage to gold prices, making a compelling case for Gold Royalty’s business model.
