Business
Gold Royalty Achieves Record Revenue in 2024
231% increase in revenue and 146% increase in Total Revenue, Land Agreement Proceeds and Interest* in 2024 relative to 2023. Strategic acquisitions expected to
About this update from Gold Royalty Corp.
[{"type":"text","content":" 231% increase in revenue and 146% increase in Total Revenue, Land Agreement Proceeds and Interest* in 2024 relative to 2023. Strategic acquisitions expected to continue to deliver strong growth in 2025 as key assets enter and ramp-up production. VANCOUVER, BC, Jan. 29, 2025 /CNW/ - Gold Royalty Corp. (\"Gold Royalty\" or the \"Company\") (NYSE American: GROY) is pleased to announce record 2024 revenue driven by its cash flowing royalties at Canadian Malartic, Côté, Borborema, Cozamin and Borden (Porcupine) and the Vares copper stream, further supported by strong commodity prices and Gold Royalty's unique royalty generator model. All amounts are expressed in U.S. dollars unless otherwise noted. Preliminary 2024 Results Total Revenue, Land Agreement Proceeds and Interest* increased by 192% in the fourth quarter of 2024, from the same period in 2023 to $3.8 million (revenue of $3.4 million), equating to 1,445 gold equivalent ounces (\"GEOs\")*. For the full year of 2024, Total Revenue, Land Agreement Proceeds and Interest* increased by 146% from 2023 to a record $12.8 million (revenue of $10.1 million), equating to 5,462 GEOs*. Gold Royalty currently expects to achieve additional strong revenue growth in 2025 as production under the Côté royalty and Vares stream continue to ramp up in accordance with their operators' current expectations. *GEOs and Total Revenue, Land Agreement Proceeds and Interest are non-IFRS financial measures. See \"Non-IFRS Measures\" below. Fourth Quarter 2024 Results and Webcast Details Gold Royalty expects to release its financial and operating results for the full year and quarter ending December 31, 2024, after-market on Wednesday, March 19, 2025. A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Thursday, March 20, 2025, to discuss these results. To participate, please use one of the following methods: Webinar: Click HereUS (toll-free): 1-866-652-5200Canada (toll-free): 1-855-669-9657International: 1-412-317-6060 The fourth quarter 2024 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. 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-qu...