#Canada #Vancouver #Gold Royalty Corp #GROY #Borborema Mine

Gold Royalty Corp. Reports Positive First Quarter 2025 Results

On May 7, 2025, Gold Royalty Corp. (NYSE American: GROY) disclosed its operating and financial outcomes for the first three months ending March 31, 2025. This report confirms the company's trajectory of growth, primarily driven by its diverse asset portfolio and strategic advancements in various projects.

Highlights of Q1 2025 Results

Gold Royalty reported a revenue of $3.1 million for the quarter, reflecting a rise from $2.894 million in the same period from the previous year. The total revenue, including land agreement proceeds and interest, reached $3.6 million. The company achieved a remarkable operating cash flow of $2.5 million, indicating efficient management of resources.

Despite a net loss of $1.3 million, executives, led by Chairman and CEO David Garofalo, expressed confidence in the financial direction of the company. “Our ongoing revenue growth and the emergence of positive cash flows signal a prosperous future,” Garofalo stated. He also noted the anticipated production expansion from key assets, primarily towards the second half of the year, positioning Gold Royalty for sustained growth through the decade.

Asset Portfolio and Production Updates

In 2025, Gold Royalty is on track to produce between 5,700 and 7,000 Gold Equivalent Ounces (GEOs). They’re primed for further expansion with three major assets currently entering their production ramp-up phase. A highlight includes the Borborema Mine, which commenced initial production in the first quarter, achieving a significant milestone in Gold Royalty's organic growth strategy.

Among notable projects:

• - Borborema Mine: Expected to produce between 33,000 and 40,000 ounces of gold this year. The mine is projected to reach commercial output later in 2025.
• - Côté Gold Mine: At a 0.75% net smelter return (NSR), this site has achieved significant throughput and aims to stabilize its operations to reach full capacity in Q4 2025.
• - Cozamin Mine: With a 1.0% NSR, this project continues to yield impressive copper production with 23,000 to 26,000 tonnes expected in 2025.

Gold Royalty consistently emphasizes its goal of optimizing operational efficiencies while investing in sustainable practices. This includes maintaining low operating costs and strategically acquiring new royalties to bolster its portfolio.

Financial Insights and Future Guidance

The company’s performance metrics highlight key financial figures, including Adjusted EBITDA of $1.7 million for the quarter. Moreover, total gold equivalent ounces produced stood at 1,249, a notable decrease from the previous year as production timelines align with ramp-up strategies across various projects.

As the company anticipates continued advancements throughout 2025, expectations for future growth remain optimistic. The management plans to leverage initial production revenue from Borborema along with cash inflows from existing operations like the Côté Gold and Vareš mines.

Looking Ahead

Gold Royalty Corp.'s first-quarter results illustrate its commitment to generating value while focusing on expansion and diversification within its asset portfolio. As the company approaches the second half of 2025, stakeholders are eager to witness the anticipated developments in production and revenue growth. A conference call is scheduled for May 8, 2025, to further disclose insights regarding these developments.

For more information on Gold Royalty Corp’s expectations and operational strategies, please visit their official website at www.goldroyalty.com.