Gold Royalty Corp.

AMEX•GROY

CEO: Mr. David A. Garofalo B.Com., B.Comm, C.A., C.P.A., ICD.D

Sector: Basic Materials

Industry: Other Precious Metals

Listing Date: 2021-03-09

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors. Gold Royalty Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada.

Contact Information

1188 West Georgia Street, Suite 1830, Vancouver, BC, V6E 4A2, Canada

604-396-3066

www.goldroyalty.com

Market Cap

$750.43M

P/E (TTM)

-117.7

13.6

Dividend Yield

52W High

$5.46

52W Low

$1.23

52W Range

75%

Rank55Top 80.0%

2.6

F-Score

Modified Piotroski Analysis

Based on 5-year fundamentals

Weak • 2.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2021-2025

Financial Dashboard

Q3 2025 Data

Revenue

$4.15M+101.36%

4-Quarter Trend

EPS

-$0.01-133.00%

4-Quarter Trend

FCF

$2.44M-5904.76%

4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Record Revenue Achieved Revenue reached $10.1M USD, up 231% from $3.0M USD in 2023, driven by new acquisitions.

Net Loss Significantly Narrows Net loss improved to ($3.4M) USD for the year, a substantial reduction from the prior year's ($26.8M) loss.

Positive Operating Cash Flow Cash provided by operations was $2.5M USD, reversing prior year's cash usage of ($6.9M) USD.

Vareš Stream Acquisition Closed Acquired Vareš Copper Stream in June 2024, financed via $34.5M gross proceeds from a bought deal offering.

Risk Factors

Commodity Price Volatility Risk Revenue is directly tied to metal prices, especially gold, causing potential negative impact on cash flow.

Operator Dependence and Control Passive interests make it difficult to ensure property development aligns with holder's best interest; limited ability to influence operations.

Majority Non-Producing Assets Substantial majority of 248 interests are non-producing; risk they may never achieve production revenue.

Foreign Jurisdiction Regulatory Risks Operations subject to expropriation, political instability, and evolving environmental laws in foreign jurisdictions.

Outlook

Canadian Malartic Development On Track Odyssey Project ramp and shaft development remains on schedule; transition to fully underground complex expected in 2028.

Borborema Production Ramp-Up Borborema Project construction finishes Q1 2025; commercial production anticipated in the second half of 2025.

Credit Facility Maturity Extended Credit Facility maturity extended to March 2028, with interest rate reduced following February 2025 amendment.

Continue Accretive Acquisition Strategy Growth strategy focuses on accretive royalty/streaming transactions, leveraging experienced team for deal sourcing globally.

Peer Comparison

Revenue (TTM)

TROX

$2.90B

-5.7%

MATV

$1.99B

+0.3%

KRO

$1.86B

+0.0%

Gross Margin (Latest Quarter)

MTA

140.7%

+23.9pp

GROY

68.5%

-7.8pp

ASM

47.1%

+8.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SGML	$1.44B	-52.9	-33.4%	48.5%
ASM	$1.36B	60.4	14.6%	2.1%
TROX	$1.17B	-2.5	-29.8%	57.7%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

7.3%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Mar 19, 2026

EPS:-$0.00

Revenue:$4.85M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data