Record Quarterly Revenue and Adjusted EBITDA
Gold Royalty Corp. achieved record quarterly revenue and adjusted EBITDA of $2.4 million, a nearly 50% increase compared to the previous quarter.
Positive Free Cash Flow
The company reported positive free cash flow for the quarter, primarily due to contributions from the Vareš and Côté Gold Mines and strong gold prices.
Successful Ramp-up of Key Assets
Commercial production was achieved at the Vareš mine on July 1, and Côté achieved nameplate throughput ahead of schedule, contributing over $1 million in revenue.
Debt Reduction Strategy
Gold Royalty Corp. aims to be net debt-free by the end of 2026, focusing on debt reduction while considering capital returns to shareholders.