Gold Royalty Corp. ( (GROY) ) has released its Q1 earnings. Here is a breakdown of the information Gold Royalty Corp. presented to its investors.
Gold Royalty Corp. is a gold-focused royalty company that provides financing solutions to the metals and mining industry, primarily through net smelter return royalties on gold properties in the Americas.
In its first quarter of 2025, Gold Royalty Corp. reported continued revenue growth, achieving $3.1 million in revenue and a total of $3.6 million when including land agreement proceeds and interest. The company also recorded a positive operating cash flow of $2.5 million, despite a net loss of $1.3 million.
Key highlights from the quarter include the achievement of initial production at the Borborema mine, which is part of Gold Royalty’s organic growth strategy. The company remains on track to meet its annual production outlook of 5,700 to 7,000 Gold Equivalent Ounces (GEOs), with production expected to increase in the second half of the year as several projects ramp up.
Gold Royalty’s diverse portfolio, including interests in the Côté Gold mine and Vareš mine, positions it well for sustained revenue growth. The company anticipates positive free cash flow in 2025 as these and other projects progress towards full production.
Looking forward, Gold Royalty Corp. maintains a positive outlook for 2025, expecting continued growth and value creation from its portfolio as key assets advance towards steady-state production.