Gold Royalty Corp. ( (GROY) ) has released its Q4 earnings. Here is a breakdown of the information Gold Royalty Corp. presented to its investors.
Gold Royalty Corp., a company specializing in providing royalty financing solutions to the metals and mining industry, has reported its financial results for the fourth quarter and full year of 2024, highlighting record revenue and positive operating cash flows. The company, which focuses on gold properties primarily in the Americas, has built a diversified portfolio of royalty interests through strategic acquisitions.
In its latest earnings report, Gold Royalty Corp. announced record revenue of $10.1 million for the year 2024, with total revenue, land agreement proceeds, and interest reaching $12.8 million. The company achieved positive operating cash flow of $2.5 million and an adjusted EBITDA of $4.8 million, reflecting the strength of its portfolio and strategic acquisitions. The company also reported 5,462 Gold Equivalent Ounces (GEOs) for the year, demonstrating significant growth compared to previous periods.
Key highlights from the report include an expected increase in GEOs to between 5,700 and 7,000 in 2025, driven by the ramp-up of three of the company’s seven cash-flowing assets. Over the next five years, Gold Royalty Corp. anticipates a peer-leading growth of over 360% in GEOs, reaching between 23,000 and 28,000 by 2029. This growth is supported by the company’s cornerstone producing assets and new production from assets currently in development.
Looking ahead, Gold Royalty Corp. remains optimistic about its growth trajectory, with expectations of strengthened cash flow generation and stable operating costs. The company plans to focus on debt repayment and disciplined growth while maintaining the flexibility to pursue new opportunities. The management’s outlook suggests continued robust performance, supported by its strategic portfolio and favorable market conditions.