Gold Royalty Corp (AMEX:GROY)

Q3 2025 Gold Royalty Corp Earnings Call Transcript

Nov 6, 2025 / 04:00 PM GMT

Release Date Price: $3.17 (-6.49%)

Transcript

Key Points

Positve

Gold Royalty Corp (GROY) reported a second consecutive quarter of positive free cash flow.
The company achieved record revenue, adjusted EBITDA, and operating cash flow for the quarter.
Debt reduction is a priority, with $2 million of a revolving credit facility paid down in the third quarter and a further $5 million debt reduction subsequent to quarter end.
The company is on track to potentially be debt-free by the end of 2026.
Gold Royalty Corp (GROY) has a diversified portfolio with over 250 assets, including 7 cash-flowing assets, providing steady growth catalysts.

Negative

Production guidance for 2025 may be modestly below the previously disclosed range due to higher gold prices affecting gold equivalent ounces (GEOs) calculations.
Temporary shift from mining to development at DPM Metals' Varres mine is expected to displace mine production activity for approximately 6 months.
The competitive landscape for transactions remains challenging with many public and private entities seeking to acquire royalties and streams.
The company is not prioritizing targeting pre-construction royalties due to an existing deep pipeline of early-stage royalties.
There is a potential short-term disruption at the Varres mine, impacting the company's revenue stream.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GROY.A - Gold Royalty Corp
Q3 2025 Gold Royalty Corp Earnings Call
Nov 06, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Gold Royalty Corp 3rd quarter 2025 results conference call.

Today all participants will be in a listen-only mode. Should you need assistance during today's call, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation, there will be an opportunity to ask questions.

Please note that today's event is being recorded.

I would now like to turn the conference over to David Garofalo, Chairman and CEO. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator

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