Gold Royalty Corp. ( (GROY) ) has released its Q3 earnings. Here is a breakdown of the information Gold Royalty Corp. presented to its investors.
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Gold Royalty Corp., a gold-focused royalty company, specializes in providing creative financing solutions to the metals and mining industry, primarily through net smelter return royalties on gold properties in the Americas.
In its third-quarter 2025 earnings report, Gold Royalty Corp. announced record revenue and adjusted EBITDA, highlighting the company’s financial growth and strategic advancements. The company reported a record revenue of $4.1 million and adjusted EBITDA of $2.5 million, showcasing the successful ramp-up of its portfolio with new mines entering production.
Key financial metrics from the third quarter include a total revenue, land agreement proceeds, and interest of $4.6 million from 1,323 gold equivalent ounces. The company also reported positive cash flow from operations amounting to $2.4 million and a significant reduction in debt, with $2 million repaid to the revolving credit facility during the quarter and an additional $5 million repaid subsequently.
Gold Royalty’s strategic focus on responsible capital allocation and portfolio expansion is evident in its continued efforts to de-lever and strengthen its balance sheet. The company has also made notable progress in its royalty generator model, adding two new royalties in the first nine months of 2025, contributing to a total of 51 royalties generated since 2021.
Looking ahead, Gold Royalty Corp. remains committed to leveraging cash generated from operations to further reduce debt throughout 2026, while continuing to support sustainable and responsible mining operations that promise long-term returns for shareholders.

