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Basis of Preparation and Material Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of voluntary change in accounting policy [abstract]  
Summary of Gold Royalty Corp. and its Wholly-Owned Subsidiaries

The consolidated financial statements include the financial statements of Gold Royalty Corp. and its wholly-owned subsidiaries:

 

 

 

 

 

 

% Equity Interest as at

Name of subsidiary

 

Country of Incorporation

 

Functional Currency

 

December 31,
2023

 

December 31,
2022

Gold Royalty U.S. Corp

 

USA

 

U.S. dollar

 

100%

 

100%

Ely Gold Royalties Inc.

 

Canada

 

U.S. dollar

 

100%

 

100%

1320505 B.C. Ltd

 

Canada

 

U.S. dollar

 

100%

 

100%

Nevada Select Royalty, Inc.

 

USA

 

U.S. dollar

 

100%

 

100%

Ren Royalties LLC

 

USA

 

U.S. dollar

 

100%

 

100%

VEK Associates

 

USA

 

U.S. dollar

 

100%

 

100%

DHI Minerals (U.S.) Ltd

 

USA

 

U.S. dollar

 

100%

 

100%

Golden Valley Abitibi Royalties Ltd

 

Canada

 

U.S. dollar

 

100%

 

100%

Calone Mining Ltd.

 

Canada

 

U.S. dollar

 

100%

 

100%

Abitibi Royalties USA Inc.

 

USA

 

U.S. dollar

 

100%

 

100%

1398464 B.C. Ltd

 

Canada

 

U.S. dollar

 

100%

 

Incorporated in 2023

Gold Royalty Holdings Ltd.

 

Canada

 

U.S. dollar

 

100%

 

Incorporated in 2023

Groyco Mex. S.A. de C.V.

 

Mexico

 

U.S. dollar

 

100%

 

Acquired in 2023

Disclosure of fair value of financial instruments [text block]

All financial instruments are initially recorded at fair value and designated as follows:

Financial Assets

 

Classification

Cash and cash equivalents

 

Financial assets at amortized cost

Short-term investments

 

FVTPL

Gold-linked loan

 

FVTPL

Accounts receivable

 

Financial assets at amortized cost

Long-term investments

 

FVTOCI

Financial Liabilities

 

Classification

Accounts payable and accrued liabilities

 

Financial liabilities at amortized cost

Lease obligation

 

Financial liabilities at amortized cost

Derivative liabilities

 

FVTPL

Convertible debentures

 

Financial liabilities at amortized cost

Embedded derivatives

 

FVTPL

Government loan

 

Financial liabilities at amortized cost

Bank loan

 

Financial liabilities at amortized cost