#Canada #Vancouver #Gold Royalty #GROY #Mining Revenue

Gold Royalty Corp Achieves Record Performance in Second Quarter 2025

Gold Royalty Corp. has recently made headlines with its outstanding financial results for the second quarter of 2025. The company, known for its focus on gold royalties, has reached remarkable milestones in revenue and profitability, reflecting a stronger operational capacity across its mining assets. As reported in their recent filing, Gold Royalty saw record revenue amounting to $3.8 million for the quarter, with total revenue, including land agreement proceeds and interest, hitting an impressive $4.4 million from 1,346 gold equivalent ounces (GEOs).

David Garofalo, the Chairman and CEO of Gold Royalty, enthusiastically noted that the company has reached an important turning point by achieving positive free cash flow. This shift in cash flow status is indicative of the enhanced production capabilities and profitability growth witnessed within the company's portfolio, which is characterized by high-quality mining assets. Garofalo expressed confidence in the company’s growth trajectory, reaffirming the company’s guidance for gold production to range between 5,700 to 7,000 GEOs in 2025, with expectations of increased production in the latter half of the year as new mining operations ramp up.

Financial Highlights

Below are some key points from Gold Royalty's financial report:

• - Record Revenue: The company reported $3.8 million in revenue, a substantial increase from $1.8 million in the same quarter of 2024.
• - Positive Adjusted EBITDA: Adjusted EBITDA reached $2.4 million for the quarter, compared to $740,000 in Q2 of the previous year.
• - Net Loss Improvement: Gold Royalty reduced its net loss to $829,000 for the quarter versus $2.2 million a year prior. The adjusted net loss also notably improved, reflecting proactive management of costs and strategic investments.

Operational Developments

The operational updates also highlight the company’s focus on optimizing and expanding its mining portfolio:

• - Borborema Project: Aura Minerals commenced operations at Borborema, potentially yielding between 33,000 and 40,000 ounces of gold in 2025. This project is on track for commercial production by Q3 2025.
• - Borden Mine: Discovery Silver has refocused on performance enhancements at Borden, aiming for increased mining rates and production levels, which will further benefit Gold Royalty.
• - Canadian Malartic / Odyssey Mine: Significant advancements were reported at the Odyssey mine, with construction plans underway to enhance operational capacity.
• - Côté Gold: IAMGOLD celebrated the achievement of its nameplate capacity at Côté Gold, marking a significant milestone in its operational capabilities.

These efforts, among others, signal a robust strategy in place for Gold Royalty to leverage its assets effectively, signaling a promising future for shareholders and stakeholders alike.

Conclusion

As Gold Royalty Corp. moves ahead in 2025, the combination of its stellar financial performance and the ramp-up of its mining operations stands to position the company favorably in the competitive landscape of the gold mining sector. With strong management leadership and a clear roadmap for future growth, Gold Royalty is not only looking to stabilize its operations but also aims for sustained long-term profitability amidst the evolving market landscape. Investors and interested parties can expect the company to continue making strides to maximize shareholder value, driven by a strategic focus on operational excellence and financial prudence.

To conclude, the upcoming conference call scheduled for August 7, 2025, will provide more insights into these results and the company's plans moving forward. Investors looking to stay updated can connect via the Gold Royalty website for further details and materials.