Gold Royalty Corp. (NYSE: GROY) is pleased to announce its preliminary results for the second quarter of 2025, and details of its quarterly filings and related earnings call. All amounts are expressed in U.S. dollars.

Preliminary Second Quarter 2025 Results

Gold Royalty has achieved record revenue, and Total Revenue, Land Agreement Proceeds and Interest* for both the second quarter and first half of 2025. Total Revenue, Land Agreement Proceeds and Interest* in the second quarter of 2025 increased by approximately 100% to $4.4 million (revenue of $3.8 million) from the second quarter of 2024, equating to 1,346 gold equivalent ounces*. For the first half of 2025, Total Revenue, Land Agreement and Proceeds and Interest also increased by 25% from the same period in 2024 to a record $8.0 million (revenue of $6.9 million), equating to 2,595 GEOs.

Further growth in revenue is currently expected through 2025, driven by strong commodity prices supporting the Company’s cash flowing royalties at Canadian Malartic, Côté, Borborema, Cozamin and Borden (Porcupine) and the Vareš copper stream.Gold Royalty maintains its 2025 full-year production guidance 5,700 – 7,000 GEOs as released on March 20, 2025, and expects that production will be more heavily weighted to the second half of the year as recently-started mining operations including Côté, Vareš, and Borborema continue to ramp up towards full production run rates through 2025.

* Total Revenue, Land Agreement Proceeds and Interest and GEOs are each non-IFRS financial measures. See “Non-IFRS Measures” below.

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.