Gold Royalty

Gold Royalty Reports Record Revenue in the Second Quarter 2025

Vancouver, British Columbia ? July 24, 2025 ? Gold Royalty Corp. (?Gold Royalty? or the ?Company?) (NYSE American: GROY) is pleased to announce its preliminary results for the second quarter of 2025, and details of its quarterly filings and related earnings call. All amounts are expressed in U.S. dollars.

Preliminary Second Quarter 2025 Results

Gold Royalty has achieved record revenue, and Total Revenue, Land Agreement Proceeds and Interest* for both the second quarter and first half of 2025. Total Revenue, Land Agreement Proceeds and Interest* in the second quarter of 2025 increased by approximately 100% to $4.4 million (revenue of $3.8 million) from the second quarter of 2024, equating to 1,346 gold equivalent ounces (?GEOs?)*. For the first half of 2025, Total Revenue, Land Agreement and Proceeds and Interest also increased by 25% from the same period in 2024 to a record $8.0 million (revenue of $6.9 million), equating to 2,595 GEOs.

Further growth in revenue is currently expected through 2025, driven by strong commodity prices supporting the Company?s cash flowing royalties at Canadian Malartic, Côté, Borborema, Cozamin and Borden (Porcupine) and the Vare? copper stream.Gold Royalty maintains its 2025 full-year production guidance 5,700 - 7,000 GEOs as released on March 20, 2025, and expects that production will be more heavily weighted to the second half of the year as recently-started mining operations including Côté, Vare?, and Borborema continue to ramp up towards full production run rates through 2025.

* Total Revenue, Land Agreement Proceeds and Interest and GEOs are each non-IFRS financial measures. See "Non-IFRS Measures" below.

Second Quarter 2025 Results and Webcast Details

Gold Royalty plans to release its financial and operating results for the quarter ending June 30, 2025, after-market on Wednesday, August 6, 2025.

A conference call will be held at 10:00 a.m. ET (7:00 a.m. PT) on Thursday, August 7, 2025, to discuss these results. To participate, please use one of the following methods:

Webinar: Click Here
US (toll-free): 1-866-652-5200
Canada (toll-free): 1-855-669-9657
International: 1-412-317-6060

The second quarter 2025 results presentation will be available on Gold Royalty?s website at www.goldroyalty.com and a replay of the event will be available following the presentation.

https://goldroyalty.com/news/news-releases/...the-second-quarter-2025  

Gold Royalty Reports Second Quarter Results; Achieves Record Revenue and Adjusted EBITDA

Vancouver, British Columbia ? August 6, 2025 ? Gold Royalty Corp. (?Gold Royalty? or the ?Company?) (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three and six months ended June 30, 2025. All amounts are expressed in U.S. dollars unless otherwise noted.

David Garofalo, Chairman and CEO of Gold Royalty, commented: ?We have truly reached an exciting inflection point, achieving positive free cash flow for the quarter and half year, as well as record revenues and cash margins in both periods. Our transition to positive free cash flow reflects the production and profitability growth within our maturing portfolio of high-quality assets. Our maintained 2025 and 2029 guidance demonstrates our confidence in the portfolio?s further growth potential through the end of the decade.?

Second Quarter 2025 Results Highlights:

   Record revenue of $3.8 million and Total Revenue, Land Agreement Proceeds and Interest* of $4.4 million from 1,346 gold equivalent ounces (GEOs)*in the quarter
   Record Adjusted EBITDA* and positive operating cash flow, both at $2.4 million in the quarter
   The Company remains on track to achieve its 2025 guidance 5,700-7,000 GEO and continues to expect that production will be more heavily weighted to the second half of the year as recently-started mining operations including Côté, Vare?, and Borborema continue to ramp up towards full production run rates through 2025. The Company maintains its 2029 outlook targeting 23,000-29,000 GEOs.
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https://www.goldroyalty.com/news/news-releases/...and-adjusted-ebitda