Gold Royalty Corp (GROY)

So are these guys giving a huge dividend, or where is the money vanishing to?

GOLD ROYALTY REPORTS RECORD REVENUE AND CASH FLOW IN THE FIRST QUARTER 2026May 6, 2026 8:48 PM
PR Newswire (US) VANCOUVER, BC, May 6, 2026 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three months ended March 31, 2026. All amounts are expressed in U.S. dollars unless otherwise noted.David Garofalo, Chairman and CEO of Gold Royalty, commented: "The Company celebrated the five-year anniversary of its initial public offering in the first quarter of 2026. We are very proud of the tremendous portfolio that our team has assembled in this short time. We are increasingly seeing the rewards from our company-building efforts over the past five years. With another quarterly record for cash flow and revenue, we continue to strengthen our balance sheet and cash position to fund further accretive growth."First Quarter 2026 HighlightsRecord revenue of $7.2 million, $9.4 million in Total Revenue, Land Agreement Proceeds and Interest*, and 1,920 gold equivalent ounces ("GEOs")* for the quarterRecord Adjusted EBITDA* of $7.0 million, approximately 318% higher than the same period in 2025Exited the first quarter with over $13.6 million of cash, no debt and a fully undrawn $150 million credit facility, inclusive of a $25 million accordion featureThe Company remains on track to achieve its outlook of 7,500 - 9,300 GEOs in 2026. On an annualized basis, first quarter results exceed the low end of the previously disclosed guidance, and we continue to expect that production will be weighted towards the second half of the year* See "Non-IFRS Measures" below.Management AppointmentsGold Royalty is pleased to announce that John Griffith, Chief Development Officer, has been appointed President of the Company and, effective July 1, 2026, Jackie Przybylowski, Vice President Capital Markets, will expand her role to the Company's sustainability efforts as Vice President, Capital Markets and Sustainability. In her additional role, Ms. Przybylowski will be replacing Katherine Arblaster, Vice President Sustainability, who is stepping down to pursue other endeavours.Mr. Garofalo commented: "I am delighted to recognize John' Griffith's leadership and impact with his promotion to President. John has been instrumental in the formation of Gold Royalty and in building the Company over the past five years. His new role reflects the broad leadership position that he already, very capably, performs, and his invaluable contributions. In her new role, Jackie Przybylowski will also be responsible for Sustainability as Katherine Arblaster, Vice President Sustainability, transitions to focus on other roles. I wish to thank Katherine for her sustainability stewardship and her contributions to the Company and note that Jackie's appointment continues to underscore our commitment to sustainability going forward."Selected Financial HighlightsThe following table sets forth selected financial information for the three months ended March 31, 2026:

For the three months ended
(in thousands of dollars, except per share and GEOs amounts)
March 31, 2026($)
March 31, 2025($)
Revenue
7,178
3,138
Net income (loss)
1,771
(1,248)
Net income (loss) per share, basic and diluted
0.01
(0.01)
Cash provided by operating activities
4,474
2,487
Non-IFRS and Other Measures




Total Revenue, Land Agreement Proceeds and Interest(1)
9,362
3,577
Adjusted EBITDA(1)
6,999
1,673
Adjusted Net Income (Loss)(1)
3,273
(1,246)
Adjusted Net Loss Per Share, basic and diluted(1)
0.01
(0.01)
GEOs(1)
1,920
1,249
Statement of Financial Position




Total assets
846,869
822,756
Total non-current liabilities
119,914
118,943
__________Note:
1)Total Revenue, Land Agreement Proceeds and Interest, Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Net Income (Loss) Per Share, basic and diluted and GEOs are each non-IFRS measures and do not have a standardized meaning under IFRS. See "Non-IFRS Measures" below for further information.Portfolio UpdateBorborema Mine (2.75% NSR; "Borborema"): On April 1, 2026, Aura Minerals Inc. ("Aura") reported increased resource confidence and conversion based on an updated technical report. In a news release dated April 10, 2026, Aura announced production from Borborema of 17,101 gold equivalent ounces for the first quarter of 2026, representing a 9% increase compared to the previous quarter.For further information see Aura's news releases dated April 1 and 10, 2026, available under its profile on www.sedarplus.ca.Borden Mine (0.5% NSR, partial royalty coverage; "Borden"): On April 23, 2026, Discovery Silver Corp. ("Discovery") announced drill results at its Porcupine Operations, including intersections at Borden which extend mineralization down plunge and to the east of the current resource at the Main Zone, and results which highlight expansion potential at the East Lower Zone on a structure parallel to the Main Zone. For further information see Discovery's news release dated April 23, 2026, available under its profile on www.sedarplus.ca.Canadian Malartic / Odyssey Mine (3.0% NSR, partial royalty coverage; "Odyssey"): On April 30, 2026, Agnico Eagle Mines Limited ("Agnico Eagle") reported that, in the first quarter of 2026, mine development and construction advanced on schedule at Canadian Malartic with the main ramp and Shaft #1 achieving depths of 1,151 metres and 1,514 metres, respectively. It disclosed that production via ramp from East Gouldie commenced in March 2026, approximately three months ahead of plan. It also stated that development activities continued to progress on schedule in support of the planned start of shaft-hoisted production from East Gouldie in the second quarter of 2027.Agnico Eagle also reconfirmed that it is advancing an internal technical evaluation of a potential second shaft at Odyssey. Current work is focused on mine design and planning, surface layout, headframe design, and preparatory activities to support the permitting process. The evaluation is expected by Agnico Eagle to be completed in the fourth quarter of 2026. In addition, exploration drilling generated further positive results throughout numerous areas around Odyssey.For further information see Agnico Eagle's news release dated April 30, 2026, available under its profile on www.sedarplus.ca.Côté Gold Mine (0.75% NSR, partial royalty coverage; "Côté"): On February 17, 2026, IAMGOLD Corporation ("IAMGOLD") reported that Côté achieved the top-end of its production guidance having produced 399,800 ounces in 2025 relative to its guidance of 360,000 – 400,000 ounces on a 100% basis. It further disclosed that its 2026 guidance for Côté had increased to range from 390,000 to 440,000 ounces on a 100% basis. In 2026 the operation will focus on stabilization and optimization, improving the cost structure, and preparing for the potential expansion at Côté.For further information see IAMGOLD's news release dated February 17, 2026, available under its profile on www.sedarplus.ca.Cozamin Mine (1.0% NSR, partial royalty coverage; "Cozamin"): On April 29, 2026, Capstone Copper Corp. ("Capstone") announced that first quarter 2026 Cozamin copper production was 5,930 tonnes, 9% lower than the same period in 2025 primarily due to lower feed grades and lower recoveries as a result of planned mine sequence. It stated that mill throughput remained consistent with the same period in the prior year.For further information see Capstone's news release dated April 29, 2026, available under its profile on www.sedarplus.ca.Granite Creek Project (10.0% NPI; "Granite Creek"): On March 24, 2026, i-80 Gold Corp. ("i-80") announced a complete recapitalization; the company is now fully-funded for phases 1 and 2 of its development plan. i-80 also stated that the Granite Creek underground and open-pit portions are within phases 1 and 2 of the development plan.For further information see i-80's news release dated March 24, 2026, available under its profile on www.sedarplus.ca.Pedra Branca Mine (25% NSR on gold and 2% NSR on copper produced from Pedra Branca East and Pedra Branca West; "Pedra Branca"): On April 22, 2026, BHP Group Limited ("BHP") disclosed that the divestment of the Carajas complex which includes Pedra Branca was completed on April 2, 2026. Additionally, it disclosed that for the quarter ended March 31, 2025, the Carajas complex had produced 1.9 thousand tonnes of payable copper and 1,516 ounces of gold.For further information see BHP's news release dated April 22, 2026, available on BHP's corporate website.Ren Project (1.5% NSR and 3.5% NPI; "Ren"): In its management discussion and analysis for the year ended December 31, 2025, Barrick Mining Corporation ("Barrick") noted that, as at the end of 2025, total project spending at Ren was $167 million (including $29 million in the fourth quarter of 2025) of an estimated capital cost of $410 to $470 million (100% basis).For further information see Barrick's management's discussion and analysis for the three and twelve months ended December 31, 2025, available under its profile on www.sedarplus.ca.South Railroad Project (0.44% NSR, partial royalty coverage; "South Railroad"): On March 19, 2026, Orla Mining Ltd. ("Orla") reiterated plans to start field construction at South Railroad in mid-2026 pending receipt of the final project permits, and the company envisions an 18-month build schedule. Orla also outlined its 2026 exploration program, which is planned to commence in the second quarter, 2026 and will focus on potential pit extensions at Pinion, Dark Star and Jasperoid Wash to support resource and reserve growth and assess opportunities to extend mine life, as well as advancing oxide targets and mineralized zones proximal to the South Railroad development area.For further information see Orla's news release dated March 19, 2026, available under Orla's profile on www.sedarplus.ca.Tonopah West Project (3.0% NSR; "Tonopah West"): Blackrock Silver Corp. ("Blackrock Silver") announced an updated preliminary economic assessment (the "PEA") for Tonopah West in accordance with the CIM Definition Standards and NI 43-101 on March 31, 2026. The project shows robust, after-tax NPV(5%) of $437 million, and an after-tax internal rate of return of 28% over an 11.2 year mine life at long-term silver and gold prices of $31 per ounce and $2,700 per ounce respectively.The results of the PEA are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them to be classified as mineral reserves. There is no certainty that the results of the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.For further information see Blackrock Silver's news release dated March 31, 2026.Vareš Mine (100% copper stream with ongoing payments of 30% of the spot copper price; "Vareš"): On April 8, 2026, DPM Metals ("DPM") reported that Vareš produced approximately 29,000 GEOs in the first quarter, in line with the planned ramp-up of the mine to full production. Payable metals sold of approximately 14,000 GEOs was lower than the GEOs produced due primarily to timing of deliveries. DPM stated that it has continued to make strong progress at Vareš, with development rates in-line with expectations and the paste backfill plant on track for commissioning in the third quarter of the year. During the second quarter, DPM expects that the processing plant will be shut down for approximately 20 days for the preparation of installation tie-ins for the second tailings filter. DPM expects that this will allow installation of the tailings filter with minimal impact to the higher production rates anticipated in the second half of the year. It expects that Vareš is on track to achieve its guidance for 2026.For further information see DPM's announcement dated April 8, 2026, available under its profile on www.sedarplus.ca.Whistler Project (1.0% NSR and right to acquire an additional 0.75% NSR; "Whistler"): On March 2, 2026, U.S. GoldMining Inc. ("U.S. GoldMining") announced a PEA on Whistler. The PEA included an after-tax NPV(5%) of $2.04 billion and internal rate of return of 33.0% with an initial payback of 2.1 years under base case metals prices of $3,200 per ounce gold, $4.50 per pound copper and $37.50/oz silver. The PEA envisions an average annual production of 345,000 ounces gold equivalent estimated during the first three years of operations and total life of mine production of 2.6 Moz gold, 6.9 Moz silver and 592 million pounds copper, over a 14.6 year mine life.For further information, please see the S-K 1300 Report titled "Whistler Gold-Copper Project, S-K 1300 Technical Report Summary and Initial Assessment with Economic Analysis, Alaska, United States of America" and the 43-101 Report titled "Whistler Gold-Copper Project, NI 43-101 Technical Report and Preliminary Economic Assessment", each dated effective March 2, 2026. The S-K-1300 Report is available under the Company's profile at www.sec.gov and the NI 43-201 Report is available under its profile at www.sedarplus.ca.Royalty Generator Model UpdateOur royalty generator model continues to generate positive results. We have generated 56 royalties since the acquisition of Ely Gold Royalties Inc. in 2021 through this model. We currently have 38 properties subject to land agreements and six properties under lease generating land agreement proceeds. The model continued to incur low operating costs to maintain the mineral interests in the first quarter of 2026.2026 Outlook The Company maintains its previously announced forecast of between 5,700 and 7,000 GEOs in 2026, which includes approximately 600 GEOs relating to Land Agreement Proceeds credited against other mineral interest and interest payments, and is based on an assumed gold price of $5,150 per ounce, and an assumed copper price of $5.75 per pound.Commodity prices will affect calculation of gold equivalent ounces from copper (and other metals) stream and royalties and from Land Agreement Proceeds and other payments. Please see our news release dated March 18, 2026 for a sensitivity table to illustrate the potential variability of our 2026 guidance to gold and copper metal prices.First Quarter 2026 Results Conference Call DetailsA conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Thursday, May 7, 2026 to discuss these results. To participate, please use one of the following methods:Webinar: Click HereUS and Canada (toll-free): 1-833-890-3060International: 1-412-206-6408The first quarter 2026 results presentation will be available on Gold Royalty's website at www.goldroyalty.com and a replay of the event will be available following the presentation.2026 Capital Markets DayGold Royalty will host its 2026 capital markets day on June 18, 2026 at 9:30 a.m. ET (6:30 a.m. PT). The event will be held in-person in Toronto and virtually. To register, please use the link below:2026 capital markets day registration: Click HereA replay of the event will be available following the presentation.Outstanding WarrantsAs of March 31, 2026, the Company had 14,653,827 outstanding share purchase warrants (the "Warrants"), with each Warrant exercisable into a common share of the Company, in accordance with their terms, at an exercise price of $2.25 per share and expiring May 31, 2027. The Warrants are listed on the NYSE American under the symbol "GROY.WS". Investors requiring further information regarding the exercise of their Warrants should contact: (i) if the Warrants are held through a brokerage account or other nominee, such broker or nominee; and (ii) if the Warrants are held directly in registered form, the Warrant agent, Continental Stock Transfer and Trust Company, by email at compliance@continentalstock.com and following the instructions set forth in the applicable Warrant certificate. Warrant holders should also consult their financial and tax advisors regarding the financial and tax implications applicable to them prior to exercising Warrants.About Gold Royalty Corp.Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.Qualified PersonAlastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under Canadian National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.Notice to InvestorsFor further information regarding the project updates regarding properties underlying the Company's royalties, stream and other interests, please refer to the disclosures of the operators thereof, including the news releases referenced herein and the other disclosures of such operators. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the project operators in accordance with Canadian National Instrument 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission applicable to domestic issuers. Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.Forward-Looking Statements:Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: the Company's outlook for 2026, including estimated future GEOs and contractual payments, expectations regarding the Company's portfolio growth, the operations and/or development of the projects underlying the Company's royalties, stream and other interests, including the estimates of the operators thereof  and other statements regarding the Company's plans and strategies. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's interests, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalties, stream and other interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, commodity price and counterparty risks, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2025 and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.Non-IFRS MeasuresWe have included, in this document, certain performance measures, including: (i) Total Revenue, Land Agreement Proceeds and Interest; (ii) Adjusted EBITDA; (iii) Adjusted Net Income (Loss) and Adjusted Net Income (Loss) Per Share, basic and diluted; and (iv) GEOs which are each non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. These non-IFRS measures do not have any standardized meaning prescribed by IFRS Accounting Standards and other companies may calculate these measures differently.Total Revenue, Land Agreement Proceeds and InterestTotal Revenue, Land Agreement Proceeds and Interest are determined by adjusting revenue for the impact of: land agreement proceeds credited against other mineral interests, interests earned on gold-linked loan, one-time adjustment related to the purchase of Pedra Branca Royalty, and royalty revenue earned through Borborema Royalty Limited Partnership ("Borborema LP") joint venture. We have included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry.The following is a reconciliation of Total Revenue, Land Agreement Proceeds and Interest to total revenue for the three months ended March 31, 2026 and 2025:

For the three months ended
March 31

2026
2025(in thousands of dollars)
($)
($)Royalty
7,033
1,116Streaming
973
484Advance minimum royalty and pre-production royalty
346
1,078Land agreement proceeds
508
573Interest income credited against gold-linked loan
502
326Total Revenue, Land Agreement Proceeds and Interest
9,362
3,577Land agreement proceeds credited against other mineral interests
(20)
(113)Interest income credited against gold-linked loan
(502)
(326)One-time adjustment related to the purchase of Pedra Branca Royalty(1)
(1,000)
—Royalty revenue earned through Borborema LP joint venture(2)
(662)
—Revenue
7,178
3,138__________Notes:
1)Consist of portion of royalty payments in the first quarter of 2026, which relates to the sales of residual ore produced in the last quarter of 2025 in the Pedra Branca mine, and was due to the former holder of the royalty.2)Represents our proportionate share of revenue from our 50.0022% interest in the Borborema LP joint venture, which holds an NSR on the Borborema mine.Adjusted EBITDAAdjusted EBITDA is determined by adjusting net income (loss) for the impact of: depletion, depreciation, finance costs, current and deferred tax expenses, interest earned on gold-linked loan, one-time adjustment related to the purchase of Pedra Branca Royalty, and royalty revenue earned through Borborema LP joint venture, transaction related and non-recurring general and administrative expenses(1), non-cash share-based compensation, share of loss in associate, share of profit in joint venture, change in fair value of gold-linked loan, change in fair value of short-term investments, change in fair value of embedded derivative, foreign exchange loss (gain), loss (gain) on loan modification and other income. We have included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry. The table below provides a reconciliation of net income (loss) to Adjusted EBITDA for the three months ended March 31, 2026 and 2025.1)Transaction related and non-recurring general and administrative expenses comprised of operating expenses that are not expected to be incurred on an ongoing basis. During the three months ended March 31, 2026, transaction related and non-recurring general and administrative expenses primarily consisted of professional fees related to accounting advisory services.

For the three months ended
March 31

2026
2025(in thousands of dollars)
($)
($)Net income (loss)
1,771
(1,248)Depletion
1,391
91Depreciation
21
19Finance costs
343
2,205Current tax expense
16
71Deferred tax expense
1,011
360Land Agreement Proceeds credited against other mineral interests
20
113Interest income credited against gold-linked loan
502
326One-time adjustment related to the purchase of Pedra Branca Royalty(1)
1,000
—Royalty revenue earned through Borborema LP joint venture(2)
662
—Share of profit in joint venture(2)
(453)
—Transaction related and non-recurring general and administrative expenses
33
61Share-based compensation
735
692Share of loss in associate
—
30Change in fair value of gold-linked loan
(592)
(290)Change in fair value of short-term investments
136
74Change in fair value of embedded derivative
—
(100)Foreign exchange loss (gain)
5
(29)Loss (gain) on loan modification
500
(693)Other income
(102)
(9)Adjusted EBITDA
6,999
1,673__________Notes:
1)Consist of portion of royalty payments in the first quarter of 2026, which relates to the sales of residual ore produced in the last quarter of 2025 in the Pedra Branca mine, and was due to the former holder of the royalty.2)Represents our proportionate share of revenue from our 50.0022% interest in the Borborema LP joint venture, which holds an NSR on the Borborema mine.Adjusted Net Income (Loss) and Adjusted Net Income (Loss) Per Share, basic and dilutedAdjusted Net Income (Loss) is calculated by adjusting net income (loss) for the impact of: land agreement proceeds credited against other mineral interests, interests earned on gold-linked loan, one-time working capital adjustment related to the purchase of Pedra Branca Royalty, accretion of convertible debentures, transaction related and non-recurring general and administrative expenses(1), share of loss in associate, changes in fair value of embedded derivative, short-term investments and gold-linked loan, loss (gain) on loan modification, foreign exchange loss (gain) and other income. Adjusted Net Income (Loss) Per Share, basic and diluted, have been determined by dividing the Adjusted Net Income (Loss) by the weighted average number of common shares for the applicable period. Management believes that they are useful measures of performance as they adjust for items which are not always reflective of the underlying operating performance of our business and/or are not necessarily indicative of future operating results. The following is a reconciliation of net income (loss) to Adjusted Net Income (Loss), Per Share, basic and diluted for the periods indicated:1)Transaction related and non-recurring general and administrative expenses comprised of operating expenses that are not expected to be incurred on an ongoing basis. During the three months ended March 31, 2026, transaction related and non-recurring general and administrative expenses primarily consisted of professional fees related to accounting advisory services.

For the three months ended
March 31

2026
2025(in thousands of dollars, except per share amount)
($)
($)Net income (loss)
1,771
(1,248)Land Agreement Proceeds credited against other mineral interests
20
113Interest income credited against gold-linked loan
502
326One-time adjustment related to the purchase of Pedra Branca Royalty(1)
1,000
—Accretion of convertible debentures
—
519Transaction related and non-recurring general and administrative expenses
33
61Share of loss in associate
—
30Change in fair value of gold-linked loan
(592)
(290)Change in fair value of short-term investments
136
74Change in fair value of embedded derivative
—
(100)Foreign exchange loss (gain)
5
(29)Loss (gain) on loan modification
500
(693)Other income
(102)
(9)Adjusted Net Income (Loss)
3,273
(1,246)




Weighted average number of common shares



Basic
229,394,670
170,325,913Diluted
240,950,256
170,325,913




Adjusted Net Income (Loss) Per Share



Basic
0.01
(0.01)Diluted
0.01
(0.01)__________Note:
1)Consist of portion of royalty payments in the first quarter of 2026, which relates to the sales of residual ore produced in the last quarter of 2025 in the Pedra Branca mine, and was due to the former holder of the royalty.GEOsGEOs are determined by dividing Total Revenue, Land Agreement Proceeds and Interest by the average gold prices for the applicable period:(in thousands of dollars, except Average Gold Price/oz and GEOs)
Average
Gold Price/oz
Total Revenue, Land
Agreement Proceeds and Interest
GEOsFor the three months ended March 31, 2025
2,865
3,577
1,249For the three months ended March 31, 2026
4,875
9,362
1,920 View original content:https://www.prnewswire.com/news-releases/gold-royalty-reports-record-revenue-and-cash-flow-in-the-first-quarter-2026-302764842.htmlSOURCE Gold Royalty Corp. Original: GOLD ROYALTY REPORTS RECORD REVENUE AND CASH FLOW IN THE FIRST QUARTER 2026

NYSE Content Update: Bill Ackman Raises $5 Billion in Pershing Square IPOApril 29, 2026 8:55 AM
PR Newswire (Canada)

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, April 29, 2026 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 



Ashley Mastronardi delivers the pre-market update on April 29thStocks are little changed on Wednesday morning ahead of this afternoon's Fed decision, with traders expecting interest rates to hold steady.Four of the largest holdings by weight for the NYSX ETF – Microsoft, Amazon, Alphabet, and Meta – will report earnings following today's market close.Shares of Pershing Square (NYSE: PS) and Pershing Square USA (NYSE: PSUS) will begin trading on the NYSE today after raising $5 billion in the combined IPO.Gold Royalty (NYSE American: GROY) Chairman and CEO David Garofalo will join Taking Stock to reflect on the company's five-year listing anniversary. Opening Bell
Pershing Square (NYSE: PS) and Pershing Square USA (NYSE: PSUS) celebrate their IPO.Closing Bell
Gold Royalty (NYSE American: GROY) celebrates its five-year listing anniversary.For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com














View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-bill-ackman-raises-5-billion-in-pershing-square-ipo-302757257.htmlSOURCE New York Stock Exchange

Original: NYSE Content Update: Bill Ackman Raises $5 Billion in Pershing Square IPO

Gold Royalty Announces Record First Quarter 2026 Preliminary ResultsApril 27, 2026 6:30 AM
PR Newswire (Canada)

VANCOUVER, BC, April 27, 2026 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce its preliminary results for the first quarter of 2026 and dates for the release of its results for the first quarter, related earnings call and upcoming capital markets day. All amounts are expressed in U.S. dollars, unless otherwise noted.Preliminary First Quarter 2026 ResultsIn the first quarter of 2026, the Company achieved record Total Revenue, Land Agreement Proceeds and Interest* of $9.4 million and record revenue of $7.2 million. Total Revenue, Land Agreement Proceeds and Interest* equates to 1,920 gold equivalent ounces ("GEOs")* in the first quarter, a 162% increase relative to the same period last year, and an increase of almost 80% from the previous quarter.Gold Royalty maintains its 2026 full-year production guidance of 7,500 - 9,300 GEOs as released on March 18, 2026, with production more heavily weighted to the second half as DPM Metals' Vareš mine production is expected to reach its full run rate of 850,000 tonnes per year in 2026 and as Fortitude Gold's County Line mine ramps up after commencing operations in January.David Garofalo, Chairman and CEO of Gold Royalty, commented: "2026 has started strongly for Gold Royalty. These new operating records reflect the success of our acquisition strategy, as recently acquired royalties on the Pedra Branca and Borborema mines contributed significantly to the quarterly result. We look forward to continued GEO growth as the year progresses."* Total Revenue, Land Agreement Proceeds and Interest and GEOs are non-IFRS financial measures. See "Non-IFRS Measures" below.First Quarter 2026 Results and Webcast DetailsGold Royalty expects to release its financial and operating results for first quarter of 2026 after market close on Wednesday, May 6, 2026.A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Thursday, May 7, 2026 to discuss these results. To participate, please use one of the following methods:Webinar: Click Here
US and Canada (toll-free): 1-833-890-3060
International: 1-412-206-6408The first quarter 2026 results presentation will be available on Gold Royalty's website at www.goldroyalty.com and a replay of the event will be available following the presentation.2026 Capital Markets DayGold Royalty will host its 2026 capital markets day on June 18, 2026 at 9:30 a.m. ET (6:30 a.m. PT). The event will be held in-person in Toronto and virtually. To register, please use the link below:2026 capital markets day registration: Click HereA replay of the event will be available following the presentation.About Gold Royalty Corp.Gold Royalty Corp. is a gold-focused royalty and streaming company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.Notice to InvestorsFor further information regarding the properties underlying the Company's royalties, stream and other interests, please refer to the disclosures of the operators thereof, including the news releases referenced herein and the other disclosures of such operators. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.Forward-Looking Statements:Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: expectations regarding the operations and/or development of the projects underlying the Company's royalty interests;; and statements regarding the Company's outlook for 2026. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2025 and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.Non-IFRS MeasuresWe have included, in this document, certain performance measures, including: (i) Total Revenue, Land Agreement Proceeds and Interest; and (ii) GEOs, which are each non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently.Total Revenue, Land Agreement Proceeds and InterestTotal Revenue, Land Agreement Proceeds and Interest are determined by adding land agreement proceeds credited against other mineral interests and interests earned on gold-linked loan to total revenue. We have included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry.The following is a reconciliation of Total Revenue, Land Agreement Proceeds and Interest to total revenue for the three months ended March 31, 2025 and 2026:

For the three months ended
March 31

2026
2025(in thousands of dollars)
($)
($)Royalty
7,033
1,116Streaming
973
484Advance minimum royalty and pre-production royalty
346
1,078Land agreement proceeds
508
573Interest income credited against gold-linked loan
502
326Total Revenue, Land Agreement Proceeds and Interest
9,362
3,577Land agreement proceeds credited against other mineral interests
(20)
(113)Interest income credited against gold-linked loan
(502)
(326)One-time working capital adjustment related to the purchase of Pedra Branca Royalty 
(1,000)
—Equity accounted revenue from Borborema(1)
(662)
—Revenue
7,178
3,138Note:(1) Represents our share of revenue in Borborema Royalty Limited Partnership, an entity that holds a NSR on the Borborema mine and is jointly controlled by the Company and Taurus.GEOsGEOs are determined by dividing Total Revenue, Land Agreement Proceeds and Interest by the average gold prices for the applicable period:(in thousands of dollars, except Average Gold Price/oz
and GEOs)
Average
Gold Price/oz
Total
Revenue,
Land
Agreement
Proceeds
and Interest
GEOsFor the three months ended March 31, 2025                                                  
2,865
3,577
1,249For the three months ended March 31, 2026
4,875
9,362
1,920



View original content:https://www.prnewswire.com/news-releases/gold-royalty-announces-record-first-quarter-2026-preliminary-results-302753589.htmlSOURCE Gold Royalty Corp.

Original: Gold Royalty Announces Record First Quarter 2026 Preliminary Results

GOLD ROYALTY REPORTS RECORD ANNUAL REVENUE AND OPERATING CASH FLOWS FOR 2025 AND STRONG OUTLOOK FOR GROWTH THROUGH 2030March 18, 2026 9:05 PM
PR Newswire (US)

VANCOUVER, BC, March 18, 2026 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for year ended December 31, 2025. All amounts are expressed in U.S. dollars unless otherwise noted.David Garofalo, Chairman and CEO of Gold Royalty, commented: "We are incredibly proud of the company we have built over the past five years. 2025 was an important inflection point in the history of the Company as we reported positive cash flow and Adjusted EBITDA, added a highly coveted royalty on BHP's cash-flowing Pedra Branca mine in Brazil and materially strengthened our balance sheet. Our 2026 and five-year outlook demonstrate the continued peer-leading growth in our asset portfolio, including over 60% year-over-year growth expected in 2026."Full Year and Q4 2025 HighlightsFourth quarter 2025: Record revenue of $4.5 million, $5.2 million in Total Revenue, Land Agreement Proceeds and Interest*, and 1,255 gold equivalent ounces ("GEOs") for the quarterFull year 2025: Record revenue of $15.6 million and $17.8 million in Total Revenue, Land Agreement Proceeds and Interest for 5,173 GEOs for the year*Positive full year 2025 operating cash flow of $6.2 million and Adjusted EBITDA* of $9.8 millionExited 2025 with over $12 million in cash, no debt and a fully undrawn credit facility which was increased to $150 million, inclusive of a $25 million accordion feature as at February 19, 20262026 and Five-Year Outlook2026 guidance: Total GEOs are currently expected to increase to 7,500-9,300 in 2026, thanks to the continued ramp-up of our cash flowing assets and incorporates the addition of the Pedra Branca and an additional royalty on Borborema in late 2025 and early 2026, respectively. This outlook represents a mid-point increase of over 60% from 2025 results.Five-year outlook: GEOs are forecasted to increase to between 28,000 and 34,000 GEOs in 2030, representing peer-leading growth of over 490% based on the midpoint of guidance from 2025 results. The projected five-year outlook reflects continued contributions from our cornerstone producing assets, as well as new production from assets currently in development.See "2026 Outlook" and "Five-Year Outlook" below for further information regarding the Company's outlook.___________* Total Revenue, Land Agreement Proceeds and Interest, Adjusted EBITDA, and GEOs are each non-IFRS measures and do not have a standardized meaning under IFRS. See "Non-IFRS Measures" for further information.Selected Financial HighlightsThe following table sets forth selected financial information for the three months and year ended December 31, 2025:

For the three months ended
For the years ended

December 31, 2025
December 31, 2024
December 31, 2025
December 31, 2024(in thousands of dollars, except per share and GEOs amounts)
($)
($)
($)
($)Revenue
4,501
3,355
15,610
10,103Net loss(1)
(920)
(3,193)
(4,130)
(3,411)Net loss per share, basic and diluted
(0.00)
(0.02)
(0.02)
(0.02)Cash provided by operating activities
176
1,262
6,170
2,543Non-IFRS







Total Revenue, Land Agreement Proceeds and Interest(2)
5,206
3,846
17,768
12,847Adjusted EBITDA(2)
3,198
1,240
9,751
4,779Adjusted Net Loss(1)(2)
(22)
(2,721)
(1,749)
(1,150)Adjusted Net Loss Per Share, basic and diluted(2)
(0.00)
(0.02)
(0.01)
(0.01)GEOs(2)
1,255
1,445
5,173
5,462Statement of Financial Position







Total assets
822,756
737,515
822,756
737,515Total non-current liabilities
118,943
175,353
118,943
175,353__________Notes:1)Net loss and Adjusted Net Loss for the year ended December 31, 2024, includes a $6.5 million deferred tax recovery that was recognized as a result of an internal reorganization to streamline operations, which was completed in the third quarter of 2024. See "Discussion of Operations" for further information.2)Total Revenue, Land Agreement Proceeds and Interest, Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Net Income (Loss) Per Share, basic and diluted and GEOs are each non-IFRS measures and do not have a standardized meaning under IFRS. See "Non-IFRS Measures" below for further information.Please refer to the Company's Annual Report Form 20-F, including the audited financial statements included therein, copies of which are available under the Company's profile at www.sedarplus.ca and www.sec.gov.Portfolio UpdateBorborema mine (2.75% NSR): On February 26, 2026, Aura Minerals Inc. ("Aura") issued a news release announcing the signing of a road relocation agreement at the Borborema mine. Aura also announced an updated feasibility study for the project, which increased Probable Reserves to 40.7 Mt at 1.13 g/t gold containing approximately 1,479 koz of gold and extends the mine life to over 20 years. These estimates were prepared by Aura under U.S. S-K 1300 definitions. For further information, please see Aura's news release dated February 26, 2026 and its technical report summary titled "Technical Report Summary on the Feasibility Study for the Borborema Gold Project, Currais Novos Municipality, Rio Grande do Norte, Brazil" with an effective date of September 19, 2025, available under its profiles at www.sedarplus.ca and www.sec.gov.Borden mine (0.5% NSR, partial royalty coverage): On February 19, 2026, Discovery Silver Corp. ("Discovery") reported its results for the year ended December 31, 2025 and noted that it is targeting a return to full capacity of the Dome Mill by 2027 or sooner. It has disclosed that the mill is a 12,000 tonne-per-day processing facility that in recent years has operated below its nominal production rate. For further information see Discovery's news release dated February 19, 2026, available under its profile on www.sedarplus.ca.Canadian Malartic / Odyssey mine (3.0% NSR, partial royalty coverage): On February 12, 2026, Agnico Eagle Mines Limited ("Agnico Eagle") reported its financial and operational results for the year ended December 31, 2025. The company confirmed that development activities at Odyssey remain on schedule, with ongoing ramp development and shaft sinking progressing as planned. Agnico Eagle also reiterated the advancement of the technical evaluation of a potential second shaft at the Odyssey mine, outlining in their release that the technical evaluation will assess the potential for an 8,000 to 10,000 tpd operation and is expected to be completed at the end of 2026, potentially followed by permit submission in early 2027 and subject to a series of approvals, could be positioned for initial production in 2033. For further information see Agnico Eagle's news release dated February 12, 2026, available under its profile on www.sedarplus.ca.Côté Gold mine (0.75% NSR, partial royalty coverage): On February 17, 2026, IAMGOLD Corporation ("IAMGOLD") reported its financial and operational results for the year ended December 31, 2025. IAMGOLD highlighted that the Côté Gold mine achieved the top-end of its production guidance having produced 399,800 ounces in 2025 relative to its guidance of 360,000 – 400,000 ounces on a 100% basis. The 2026 guidance for the Côté Gold mine has increased to range from 390,000 to 440,000 ounces on a 100% basis, with the focus in 2026 being stabilization and optimization, improving the cost structure and preparing for the potential expansion at Côté. For further information see IAMGOLD's news release dated February 17, 2026, available under its profile on www.sedarplus.ca.Cozamin mine (1.0% NSR, partial royalty coverage): On February 17, 2026, Capstone Copper Corp. ("Capstone") announced its 2026 guidance for Cozamin copper production between 21,000 – 24,000 tonnes at C1 cash costs of $1.55 - $1.85 per payable copper pound produced. It disclosed that copper production at Cozamin is expected to be consistently weighted across the year and slightly lower in 2026 compared to 2025 due to lower copper grades.Additionally, on March 2, 2026, Capstone reported its financial and operational results for the year ended December 31, 2025 stating that Cozamin had produced 25,348 tonnes of copper in 2025 at C1 cash costs of $1.32 per payable copper pound produced. For further information see Capstone's news releases dated February 17, 2026 and March 2, 2026, available under its profile on www.sedarplus.ca.Fenelon gold project (2.0% NSR): On February 17, 2026, Wallbridge Mining Company Ltd. ("Wallbridge") announced the start of the 2026 exploration drilling program at Fenelon with approximately 2,000 metres of large-diameter core drilling to support metallurgical test work and related technical studies. Upon completion of this first portion of the drilling campaign, a 1,500 metres reconnaissance drilling program is expected to test prospective areas within 2,500 metres of the main deposit area. For further information see Wallbridge's news release dated February 17, 2026, available under its profile on www.sedarplus.ca.Granite Creek project (10.0% NPI): On February 19, 2026, i-80 Gold Corp. ("i-80") reported its financial and operational results for the year ended December 31, 2025. i-80 stated that Granite Creek underground generated a gross profit for the second half of 2025 and that it was successful in stabilizing groundwater inflow. i-80 also disclosed that a feasibility study over the underground is planned for completion in the second quarter of 2026 with the timeline for a pre-feasibility / feasibility study on the open pit portion of Granite Creek under review to optimize its future growth plan.i-80 announced total production of 22,977 ounces of gold at Granite Creek for 2025, within previously announced guidance of 20,000–30,000 ounces. A water treatment plant is expected to be completed in the second quarter of 2026 and development activities are expected to support further ramp-up and the updated resource and feasibility study planned for the second quarter of 2026. For further information see i-80's news release dated February 19, 2026, available under its profiles on www.sedarplus.ca and www.sec.gov.Ren project (1.5% NSR and 3.5% NPI): In its management discussion and analysis for the year ended December 31, 2025, Barrick Mining Corporation ("Barrick") noted that, as at the end of 2025, total project spending was $167 million (including $29 million in the fourth quarter of 2025) of an estimated capital cost of $410 to $470 million (100% basis). For further information see Barrick's management's discussion and analysis for the three and twelve months ended December 31, 2025, available under its profiles on www.sedarplus.ca and sec.gov.South Railroad project (0.44% NSR, partial royalty coverage): On March 2, 2026, Orla Mining Ltd. ("Orla") disclosed that it had released an updated feasibility study over the South Railroad project and outlined that construction of the mine is expected in mid-2026 pending receipts of the final project permits. The study envisions an open-pit and heap-leach operation with a mine life of 10 years, producing 1,072,300 ounces of payable gold and 760,000 ounces of payable silver. For further information see Orla's news release dated March 2, 2026 and its technical report dated effective September 30, 2025 titled "South Railroad Project - NI 43-101 Feasibility Study Update", available under Orla's profiles on www.sedarplus.ca and www.sec.gov.Tonopah West project (3.0% NSR): On March 3, 2026, Blackrock Silver Corp. ("Blackrock Silver") disclosed that it received its Class II Air Quality and Surface Disturbance Permit from the Nevada Department of Environmental Protection ("NDEP"), through the Bureau of Air Pollution Control. The permitting process is on schedule with all permits anticipated by mid-2027. It disclosed that once all permits are in hand, Blackrock Silver will decide when to commence with the exploration decline, test mining and bulk sample extraction programs. For further information see Blackrock Silver's news release dated March 3, 2026.Vareš mine (100% copper stream with ongoing payments of 30% of the spot copper price): On February 10, 2026, DPM Metals ("DPM") reported its financial and operational results for the year ended December 31, 2025, and announced that integration activities had progressed well and it continued to advance its priorities for Vareš with a focus on ramping up to full production by year-end 2026. Development rates continued to progress as planned and DPM announced that the mine resumed production in January 2026. At the time of the news release, construction of the paste backfill plant was well-advanced and is expected to be commissioned in the third quarter of 2026.Additionally, DPM provided guidance including that expected production in 2026 from Vareš is expected to be better as compared to estimates in its most recent technical report for the project. For further information see DPM's announcement dated February 10, 2026, available under its profile on www.sedarplus.ca.Whistler project (1.0% NSR and right to acquire an additional 0.75% NSR): On March 2, 2026, U.S. GoldMining Inc. ("U.S. GoldMining") announced a positive preliminary economic assessment ("PEA") on the Whistler project. The PEA included an after-tax NPV(5%) of $2.04 billion and internal rate of return of 33.0% with an initial payback of 2.1 years under base case metals prices of $3,200/oz gold, $4.50/lb copper and $37.50/oz silver. The PEA envisions an average annual production of 345,000 ounces gold equivalent estimated during the first three years of operations and total life of mine production of 2.6 Moz gold, 6.9 Moz silver and 592 Mlb copper, over a 14.6 year mine life. For further information see U.S. GoldMining's news release dated March 2, 2026, available under its profiles at www.sedarplus.ca and www.sec.gov.2026 Outlook The Company currently forecasts total GEOs of between 7,500 and 9,300 for 2026, which includes approximately 684 GEOs relating to Land Agreement Proceeds credited against other mineral interest and interest payments, and is based on an assumed gold price of $5,150 per ounce, and an assumed copper price of $5.75 per pound.Commodity prices will affect calculation of gold equivalent ounces from copper (and other metals) stream and royalties and from Land Agreement Proceeds and other payments; we present below a sensitivity table to illustrate the potential variability of our 2026 guidance to gold and copper metal prices.
Gold price ($/oz)
$4,150$5,150$6,150Copper price
($/lb)$4.757,800 - 10,3007,400 - 9,7007,200 - 9,300$5.758,200 - 10,8007,500 – 9,3007,400 - 9,700$6.758,500 - 11,3008,000 - 10,5007,700 - 10,000Five-Year Outlook In 2030, we expect GEOs to increase to between 28,000 and 34,000, which includes approximately 600 GEOs of Land Agreement Proceeds credited against other mineral interests and interest payments. The mid-point of this outlook represents an over 490% increase in GEOs relative to actual 2025 results.All production and expected production growth implied by our guidance is sourced from assets already held in our portfolio and is based on public forecasts, expected development timelines and other disclosures by the owners and operators of the properties underlying our interests. In addition to the current mining operations in production for 2026, our 2030 outlook includes contributions from the Granite Creek, Ren and South Railroad development projects.We assume a gold price of $3,500 per ounce and a copper price of $5.00 per pound in our projected five-year outlook.In addition to the price assumptions outlined above, the 2026 and five-year outlooks included herein are based on the disclosed forecasts and expectations of the owners and operators of the properties underlying out royalty and stream interests and our assessments thereof. The outlooks respecting land agreement proceeds are based on contractual payments under existing agreements.Royalty Generator Model UpdateOur royalty generator model continues to generate positive results with eight new royalties added in 2025. We have generated 56 royalties since the acquisition of Ely Gold Royalties Inc. in 2021 through this model.We currently have 38 properties subject to land agreements and six properties under lease generating land agreement proceeds. The model continues to incur low operating costs with only $0.1 million spent on maintaining mineral interests in 2025.2025 Results Conference Call DetailsA conference call will be held on Thursday, March 19, 2026, starting at 11:00 am ET (8:00 am PT) to discuss these results. To participate in the live call, please use one of the following methods:Webinar: Click Here
US (toll-free): 1-866-652-5200
Canada (toll-free): 1-855-669-9657
International: 1-412-206-6408The fourth quarter and year end 2025 presentation materials will be available on Gold Royalty's website at www.goldroyalty.com and a replay of the event will be available following the presentation.About Gold Royalty Corp.Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.Qualified PersonAlastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under Canadian National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.Notice to InvestorsFor further information regarding the project updates regarding properties underlying the Company's royalties, stream and other interests, please refer to the disclosures of the operators thereof, including the news releases referenced herein and the other disclosures of such operators. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the project operators in accordance with Canadian National Instrument 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission applicable to domestic issuers. Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.Forward-Looking Statements:Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: estimated future GEOs and contractual payments, expectations regarding the Company's portfolio growth, the operations and/or development of the projects underlying the Company's royalties, stream and other interests, including the estimates of the operators thereof; statements related to the Company's projected 2026 and five-year outlook and other statements regarding the Company's plans and strategies. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's interests, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalties, stream and other interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, commodity price and counterparty risks, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.Non-IFRS MeasuresWe have included, in this document, certain performance measures, including: (i) Total Revenue, Land Agreement Proceeds and Interest; (ii) Adjusted EBITDA; (iii) Adjusted Net Income (Loss) and Adjusted Net Income (Loss) Per Share, basic and diluted; and (iv) GEOs which are each non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have any standardized meaning prescribed by IFRS and other companies may calculate these measures differently.Total Revenue, Land Agreement Proceeds and InterestTotal Revenue, Land Agreement Proceeds and Interest are determined by adding land agreement proceeds credited against other mineral interests and interests earned on gold-linked loan to total revenue. We have included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry.Below is a reconciliation of our Total Revenue, Land Agreement Proceeds and Interest to total revenue for the periods indicated:

For the three months ended
For the years ended

December 31, 2025
December 31, 2024
December 31, 2025
December 31, 2024(in thousands of dollars)
($)
($)
($)
($)Royalty
2,390
1,629
7,122
4,806Streaming
808
893
3,224
893Advance minimum royalty and pre-production royalty
1,158
732
4,212
2,982Land agreement proceeds
369
297
1,613
3,085Interest income on gold-linked loan
481
295
1,597
1,081Total Revenue, Land Agreement Proceeds and Interests
5,206
3,846
17,768
12,847Land agreement proceeds credited against other mineral interests
(224)
(196)
(561)
(1,663)Interest income credited against gold-linked loan
(481)
(295)
(1,597)
(1,081)Revenue
4,501
3,355
15,610
10,103Adjusted EBITDAAdjusted EBITDA is determined by adjusting net loss for the impact of: depletion, depreciation, finance costs, current and deferred tax expense (recovery), interest income credited against gold-linked loan, transaction related and non-recurring general and administrative expenses1, non-cash share-based compensation, share of loss and dilution loss (gain) in associate, change in fair value of gold-linked loan, short-term investments and embedded derivative, foreign exchange (gain) loss, loss (gain) on loan modification, partial make-whole payment for redemption of convertible debentures and other income. We have included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry. The table below provides a reconciliation of net loss (income) to Adjusted EBITDA.

For the three months ended
For the years ended

December 31, 2025
December 31, 2024
December 31, 2025
December 31, 2024(in thousands of dollars)
($)
($)
($)
($)Net loss
(920)
(3,193)
(4,130)
(3,411)Depletion
1,287
1,771
2,658
3,204Depreciation
20
20
78
79Finance costs
1,533
2,188
8,266
8,043Current tax expense (recovery)
205
(80)
323
506Deferred tax recovery
(291)
(291)
(528)
(6,480)Land agreement proceeds credited against other mineral interests
224
196
561
1,663Interest income credited against gold-linked loan
481
295
1,597
1,081Transaction related and non-recurring general and administrative expenses
230
8
409
424Share-based compensation
851
839
2,754
2,338Share of loss in associate
—
97
80
64Dilution loss (gain) in associate
—
—
73
(9)Change in fair value of gold-linked loan
(693)
(331)
(1,685)
(1,681)Change in fair value of short-term investments
(368)
(19)
(548)
(38)Change in fair value of embedded derivative
(70)
(143)
(483)
(612)Foreign exchange (gain) loss
5
(102)
(34)
14Loss (gain) on loan modification
933
—
240
(310)Partial make-whole payment for redemption of convertible debentures
4,222
—
4,222
—Other income
(4,451)
(15)
(4,102)
(96)Adjusted EBITDA
3,198
1,240
9,751
4,779__________1 Transaction related and non-recurring general and administrative expenses comprised of operating expenses that are not expected to be incurred on an ongoing basis. During the year ended December 31, 2025, transaction related and non-recurring general and administrative expenses primarily consisted of professional fees related to implementation of new accounting system and evaluation of royalty and other asset acquisitions.Adjusted Net Income (Loss) and Adjusted Net Income (Loss) Per Share, basic and dilutedAdjusted Net Income (Loss) is calculated by adjusting net (loss) income for the impact of: land agreement proceeds credited against other mineral interests, interest income credited against gold-linked loan, accretion of convertible debentures, transaction related and non-recurring general and administrative expenses2, share of loss (gain) and dilution loss (gain) in associate, changes in fair value of gold-linked loan, short-term investments and embedded derivative, foreign exchange (gain) loss, gain on loan modification and other expense (income). Adjusted Net Income (Loss) Per Share, basic and diluted, have been determined by dividing the Adjusted Net Income (Loss) by the weighted average number of common shares for the applicable period. Management believes that they are useful measures of performance as they adjust for items which are not always reflective of the underlying operating performance of our business and/or are not necessarily indicative of future operating results. The following is a reconciliation of net loss to Adjusted Net (Loss) Income, Per Share, basic and diluted for the periods indicated:

For the three months ended
For the years ended

December 31, 2025
December 31, 2024
December 31, 2025
December 31, 2024(in thousands of dollars, except per share amounts)
($)
($)
($)
($)Net loss
(920)
(3,193)
(4,130)
(3,411)Land agreement proceeds credited against other mineral interests
224
196
561
1,663Interest income credited against gold-linked loan
481
295
1,597
1,081Accretion of convertible debentures
385
486
2,051
1,761Partial make-whole payment for redemption of convertible debentures
4,222
—
4,222
—Transaction related and non-recurring general and administrative expenses
230
8
409
424Share of loss in associate
—
97
80
64Dilution loss (gain) in associate
—
—
73
(9)Change in fair value of gold-linked loan
(693)
(331)
(1,685)
(1,681)Change in fair value of short-term investments
(368)
(19)
(548)
(38)Change in fair value of embedded derivative
(70)
(143)
(483)
(612)Foreign exchange (gain) loss
5
(102)
(34)
14Loss (gain) on loan modification
933
—
240
(310)Other income
(4,451)
(15)
(4,102)
(96)Adjusted Net Income (Loss)
(22)
(2,721)
(1,749)
(1,150)Weighted average number of common shares
188,005,702
169,505,388
174,986,972
159,516,299Adjusted Net Income (Loss) Per Share, basic and diluted
(0.00)
(0.02)
(0.01)
(0.01)___________2 Transaction related and non-recurring general and administrative expenses comprised of operating expenses that are not expected to be incurred on an ongoing basis. During the year ended December 31, 2025, transaction related and non-recurring general and administrative expenses primarily consisted of professional fees related to implementation of new accounting system and evaluation of royalty and other asset acquisitions.GEOsGEOs are determined by dividing Total Revenue, Land Agreement Proceeds and Interest by the average gold prices for the applicable period:(in thousands of dollars, except Average Gold Price/oz
and GEOs)
Average
Gold
Price/oz
Total Revenue,
Land Agreement
Proceeds and
Interest
GEOsFor the three months ended December 31, 2024
2,661
3,846
1,445For the year ended December 31, 2024


12,847
5,462For the three months ended December 31, 2025
4,149
5,206
1,255For the year ended December 31, 2025


17,768
5,173



View original content:https://www.prnewswire.com/news-releases/gold-royalty-reports-record-annual-revenue-and-operating-cash-flows-for-2025-and-strong-outlook-for-growth-through-2030-302718167.htmlSOURCE Gold Royalty Corp.

Original: GOLD ROYALTY REPORTS RECORD ANNUAL REVENUE AND OPERATING CASH FLOWS FOR 2025 AND STRONG OUTLOOK FOR GROWTH THROUGH 2030

Gold Royalty Announces Amended and Upsized Revolving Credit Facility of up to US$150 Million at Reduced Interest Cost and Provides an Update on Selected Portfolio AssetsFebruary 19, 2026 5:00 PM
PR Newswire (Canada)

VANCOUVER, BC, Feb. 19, 2026 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into an agreement to upsize and amend its existing credit facility ("the Facility") to up to US$150 million with a syndicate of banks consisting of the Bank of Montreal, National Bank Capital Markets, and the Royal Bank of Canada.The amended and upsized Facility now consists of a US$125 million secured revolving credit line with an accordion feature allowing for an additional US$25 million, subject to certain conditions, for total borrowing capacity of US$150 million. The Facility will bear a reduced interest rate based on SOFR plus a margin of 2.25%-3.25%, reflecting a 25-basis points interest rate reduction. The Facility matures in November 2028.Andrew Gubbels, Chief Financial Officer, commented: "Following our recent acquisitions, we are pleased to announce this increased Facility with a growing syndicate of supportive lenders. In addition to reducing our cost of capital, the Facility positions us to execute our growth strategy efficiently in the future."Gold Royalty is also pleased with recent positive progress updates disclosed by the owners and operators of assets on which it holds royalties or streams. These include:Borborema (2.75% NSR) – Aura Minerals announced on January 12, 2026 that production totalled 15,777 gold equivalent ounces ("GEO") in the fourth quarter, up 54% quarter-over-quarter reflecting progress as the operation continues to ramp up to its full production run rate. In a December 2025 investor presentation, available on its website, Aura disclosed that it expected to complete studies to approximately double plant capacity to 4 million tonnes per annum ("Mtpa") and water system upgrades in the second quarter of 2026.Borden (0.5% NSR, partial coverage) – Discovery Silver announced on February 10, 2026 that it continues to get encouraging results from underground drilling along a 300m strike length of the Main Zone, with mineralization being extended both along trend to the east and northeast.Côté Gold (0.75% NSR, partial coverage) – IAMGOLD announced on February 17, 2026 that it will focus on the stability and efficiency of its mining and milling practices at Côté in 2026. It also disclosed that installation of the additional secondary crusher was completed in November 2025 and commissioned in December 2025 with both cone crushers tested and operating in parallel. It further disclosed that installation of an additional Vertimill is planned for early 2027. IAMGOLD also plans to complete a technical report by the end of 2026; the study will consider a larger scale Côté Gold Mine with a conceptual mine plan targeting both the Côté and Gosselin zones over the life of mine.County Line (3% NSR) – Fortitude Gold announced on January 7, 2026 that its County Line mine had commenced operations and had made its first shipment of mineralization to the Isabella Pearl gold processing facility. It also disclosed that it plans to deliver gold to the processing facility from three different sources – Isabella Pearl (Gold Royalty 0.375% gross revenue royalty), County Line, and Scarlet South – in 2026.Granite Creek (10% NPI) – i-80 Gold reported high grade assay results from its infill drill program at the Granite Creek underground on January 20, 2026. It disclosed that the results support its geological model, confirming the continuity and high-grade nature of the deposit. It further states that the South Pacific Zone remains open to the north and at depth and will continue to be tested through additional drilling. It also disclosed that it expected that an updated Granite Creek Underground feasibility study will be released in the second quarter of 2026.Jerritt Canyon (0.5% NSR) – First Majestic disclosed on January 15, 2026 that it had completed 5,889m of drilling in the fourth quarter of 2025 and 18,410m of drilling in 2025. It further disclosed that it plans to release the 2025 drill program results in the first quarter of 2026.Odyssey (0.5% - 3.0% NSR, partial coverage) – Agnico Eagle reported on February 12, 2026 that the shaft sinking project at Odyssey remains ahead of schedule; completion of the first phase is expected in the first quarter of 2027 and extension to its final depth in 2031. It further disclosed that it is advancing a technical evaluation of a potential second shaft, with such evaluation expected to be completed at the end of 2026 and formal permit submission expected in early 2027. It also disclosed that, subject to permitting and board approval, construction, shaft sinking, and development of the associated underground material-handling and production infrastructure would be expected to take place over a four-year period, positioning the project for potential initial production in 2033. Exploration drilling at Odyssey totalled 233,754m in 2025 leading to overall growth of mineral reserves and resources.Ren (1.5% NSR & 3.5% NPI) – Barrick disclosed in its Management's Discussion and Analysis for the year ended December 31, 2025 that work continues at the Ren project, the underground extension of the Goldstrike Mine along the Carlin Trend in Nevada, USA. It disclosed that the ventilation shaft excavation is nearly complete to pre-sink target depth, and site sinking facility construction and Galloway erection is nearing completion. It further disclosed that, as of December 31, 2025, its project spend was US$167 million (including US$29 million in the fourth quarter of 2025) of an estimated capital cost of US$410 to US$470 million on a 100% basis. Barrick continues to expect that Ren will be in full production in 2027, with anticipated average production of 140,000oz gold per year on a 100% basis.South Railroad (0.44% NSR, partial coverage) – Orla Mining released highlights of an optimized National Instrument 43-101 ("NI 43-101") feasibility study on January 15, 2026 which it said reaffirms South Railroad's robust economics. It also disclosed that the project is advancing through federal and state approvals, with the BLM Record of Decision targeted for mid-2026.Tonopah West (3.0% NSR) – Blackrock Silver announced on January 8, 2026 that it closed a C$15 million financing. It disclosed that the net proceeds of the offering will be used to fund exploration, permitting, and pre-development activities on the Tonopah West project and for general working capital. Blackrock Silver announced on December 2, 2025 that its eastern expansion drill program identified at least three distinct mineralized structures. Blackrock Silver is on track to release a mineral resource estimate and preliminary economic assessment in February 2026.Vareš (100% copper stream) – DPM Metals reported on February 10, 2026 that production recommenced in January as planned at Vareš. It disclosed that production in 2026 is now expected to be better as compared to its most recent technical report with increased metal production due to tonnage and grades.David Garofalo, Chairman & Chief Executive Officer, commented: "We are pleased with the development progress of our operators in 2025 and the trajectory of their plans in 2026 and are excited to see significant progress being made on cornerstone assets in 2026 and we anticipate further positive updates throughout the year. In only five years since our IPO, our portfolio has expanded and matured significantly. More assets are moving through development and towards production. We expect that these cash-flowing assets will drive meaningful revenue and cash flow growth for Gold Royalty in 2026 and through the medium-term, including through ongoing development at Granite Creek, Odyssey, Ren, South Railroad, and Tonopah West, which are expected to contribute significant revenues and cash flows in 2027-2030 based on expected timelines as announced by their operators."About Gold Royalty Corp.Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.Qualified PersonAlastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under NI 43-101 and has reviewed and approved the technical information disclosed in this news release.Notice to InvestorsFor further information regarding the project updates regarding properties underlying the Company's royalties, stream and other interests, please refer to the disclosures of the operators thereof, including the news releases, announcements and other disclosures of such operators referenced herein. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. In some cases, the Company's royalties and other interests do not apply to the entirety of the applicable operator's project areas.Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the project operators in accordance with Canadian National Instrument 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission applicable to domestic issuers. Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.Forward-Looking StatementsCertain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including expectations regarding future revenues from royalties and the Company's business plans. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2024 and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.



View original content:https://www.prnewswire.com/news-releases/gold-royalty-announces-amended-and-upsized-revolving-credit-facility-of-up-to-us150-million-at-reduced-interest-cost-and-provides-an-update-on-selected-portfolio-assets-302692978.htmlSOURCE Gold Royalty Corp.

Original: Gold Royalty Announces Amended and Upsized Revolving Credit Facility of up to US$150 Million at Reduced Interest Cost and Provides an Update on Selected Portfolio Assets

A good interview with David Garofalo.

thanks for clearifying
between the shares and warrants I have 10,000 which is where
I cap my hodlings at 10,000
Look at BMXI there is a scam
one of my major holdings is CMCL also PAAS, AEM, RGLD
I am 85 now live in a small town near Dubuque IA

Noooo Not at all... I used that photo of my daughter 15 yrs ago. I just never removed it... Although I probably should since now you have brought it up.

I used to argue with people on here who were downplaying the equities I invested in, but they would pump some old Monk Plays, or whatever fraudulent ticker was pumping that week.

So many scam tickers were being pumped on here by unscrupulous people...

GROY is very legitimate!

Noooo Not at all... I used that photo of my daughter 15 yrs ago. I just never removed it... Although I probably should since now you have brought it up.

I used to argue with people on here who were downplaying the equities I invested in, but they would pump some old Monk Plays, or whatever fraudulent ticker was pumping that week.

So many scam tickers were being pumped on here by unscrupulous people...

GROY is very legitimate!

I'm confused by you post
The caption with the little girl leads me to think
you think this company is a scam

Now with the most recent deal they are now debt free.

they say they will be debt free by end of 2026 maybe they get back yto paying a div tyhen
Nov 5th will be the offical earings report which should get them to show a+ vsa - on earnings per share

Positive momentum building in an ascending wedge eom

earings out in a couple days I bet hey became positive
The warrants have been going nuts

Know of a Silver type of GROY?

UROY will have its day.

Hopefully as the CEO Stated once they pay down some debt this year, they will reinstate the dividend later this year.

This is a Gold Royalty Trust. They don't have actual "employees" that work. They manage the trust and they invest in mines or lend money to upstart mines. They have a very robust catalog of mines and some up and coming ones in which they will eventually produce gold,copper,silver etc....

Look up the company on YouTube. They have a few videos where the CEO explains the strategy of the company.

yes this streamer is way under value IMO
However they have to many chiefs Why do they need so many officers
12 employees 10 of which are managment only 2 secretaries.
26% of shares held by insiers
79 institutons hold shares which is 15% yet that is 20% of the float
so 80% of the float is held by folks like us
I have 4800 share and 3200 WS and plan to add some every month

I'd say "someone" noticed the Warrants were trading below
their intrinsic value, and decided to do something about it.
Simple as that. Meanwhile, I'm just going to keep buying
the Stock, because it's even more undervalued.
But not for much longer. Light bulbs are coming on all over in
formerly Ossified Minds.

stock is down 3% warrants up 6% what gives

stock is down 3% warrants up 6% what gives

I look to the future, not the past.
What do you do, sir?

Royalty companies are going to be the stars
of this nascent PM bull, because they essentially
have no risk.

Well........It is what it is.....and that's this ;

what strike and date are you looking at?
I have been buying the warrants.

Interesting call option volume today...! Hmm 🤔 Planning on filling the gap up there and hit analyst targets, but shorts keep increasing positions too...!!

groy/ws the strike or conversion price is $2.25 warrants trade around low .30's as of now

Can you please share the symbol for the warrants? Thanks

I am adding warrants here looking for thsito fill thegap at 1.75
then as gold/silver raally in 2025 this streamer will skyrocket
JMO

yes an island with the lower gap at 1.42

GROY...............................https://stockcharts.com/h-sc/ui?s=GROY&p=W&b=5&g=0&id=p86431144783

I guess I should’ve waited for a response from someone before buying in $1.60. Does anyone care to provide their outlook on the share price?

I saw the BMO news today, which made me look at the stock. To me, it looks undervalued, but I’m curious what others here think.

I agree. The copper play will be big league!

GROY raised to "Outperform" by both BMO Capital and Raymond James.
Raymond James doesn't put "Outperform" on a stock unless they believe
it's The Real Deal.

This was a masterstroke, picking up this copper royalty.
And notice that the Bought Deal was fully subscribed, and
quickly, including the entire over-allotment. Now, let me tell
you something about 'H.C. Wainwright', one of the book-runners
in the Syndicate. They're this little NYC boutique brokerage
who cater to the ultra-ultra-ultra-wealthy, the sort of folks who
have a $20 million yacht as a dinghy for their $200 million
yacht. Yes, that crowd. Wainwright doesn't put their Clients
in dead-money deals. And Adriatic is in a very mining-friendly
jurisdiction. Bosnia and Herzegovina know from whence their
largesse cometh.

GROY is going to be Wheaton-on-Steroids.

Bigger trades starting to pop. This should have a recovery

BEARISH..... BOSNIA & HERZOGONIA will be a Geopolitical factor down the road. Sold GROY for Metalla.

Bought more

yes looking good . This is a streamer so as the metal moves up it has more leverage
If gold gets to 2500 by year end this should be $10 jmo

GROY...............................................https://stockcharts.com/h-sc/ui?s=GROY&p=W&b=5&g=0&id=p86431144783

this puppy is acting very well

GROY.................................https://stockcharts.com/h-sc/ui?s=GROY&p=W&b=5&g=0&id=p86431144783

great news all the streamers are surging. We should get a pull back on gold when it comes load up as we will be over 3,000 oz (JMO) by year endIF so streamers will out perfrom gold/silver stocks.

Gold Royalty, Côté enters production this month (NYSE:GROY)

Was hoping to get more in the 1.30s area oh well. Still think this is a great very long term hold

Keeping an eye on this one. Volume has been very interesting lately. Hopefully some great news is on its way.

Q4 2023 EPS Estimates for Gold Royalty Corp. Reduced by National Bank Financial (NYSE:GROY)
https://www.investorsobserver.com/news/stock-update/amp/should-you-accumulate-gold-royalty-corp-groy-stock-monday-morning

How Gold Royalty (NYSE:GROY) is Reshaping the Gold Industry
https://10xalerts.com/how-gold-royalty-nysegroy-is-reshaping-the-gold-industry/

INVESTMENT: THE GOLD STANDARD FOR ROYALTIES (NYSE : GROY)
https://10xalerts.com/investment-the-gold-standard-for-royalties/

Anyone know when the warrants expire? Maybe that will help the share price