Gold Royalty Corp. Reports Record Revenue and Growth

Gold Royalty Corp. ( (GROY) ) has released its Q2 earnings. Here is a breakdown of the information Gold Royalty Corp. presented to its investors.

Gold Royalty Corp. is a gold-focused royalty company that provides innovative financing solutions to the metals and mining industry, primarily through net smelter return royalties on gold properties across the Americas.

In its second quarter earnings report for 2025, Gold Royalty Corp. announced record revenue and adjusted EBITDA, marking a significant milestone with positive free cash flow for both the quarter and the half year. The company attributes this success to the growth and maturation of its portfolio of high-quality assets.

Key financial highlights include record revenue of $3.8 million and total revenue, land agreement proceeds, and interest of $4.4 million from 1,346 gold equivalent ounces. The company also reported a record adjusted EBITDA and positive operating cash flow, both at $2.4 million for the quarter. Gold Royalty remains on track to meet its 2025 guidance of 5,700-7,000 gold equivalent ounces, with expectations for increased production in the latter half of the year as new mining operations ramp up.

The company’s strategic initiatives include ongoing developments at key projects such as Borborema, Borden, and Côté Gold, which are expected to contribute to future growth. Additionally, the company continues to expand its royalty generator model, adding two new royalties in the first half of 2025, further diversifying its portfolio.

Looking ahead, Gold Royalty Corp. maintains a positive outlook, confident in the continued growth potential of its portfolio through the end of the decade, supported by its strategic investments and operational advancements.