Business
Gold Royalty Reports Record Revenue and Cash Flow in the First Quarter 2026
VANCOUVER, BC, May 6, 2026 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its
About this update from Gold Royalty Corp.
[{"type":"text","content":" VANCOUVER, BC, May 6, 2026 /CNW/ - Gold Royalty Corp. (\"Gold Royalty\" or the \"Company\") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three months ended March 31, 2026. All amounts are expressed in U.S. dollars unless otherwise noted. David Garofalo, Chairman and CEO of Gold Royalty, commented: \"The Company celebrated the five-year anniversary of its initial public offering in the first quarter of 2026. We are very proud of the tremendous portfolio that our team has assembled in this short time. We are increasingly seeing the rewards from our company-building efforts over the past five years. With another quarterly record for cash flow and revenue, we continue to strengthen our balance sheet and cash position to fund further accretive growth.\" First Quarter 2026 Highlights Record revenue of $7.2 million, $9.4 million in Total Revenue, Land Agreement Proceeds and Interest*, and 1,920 gold equivalent ounces (\"GEOs\")* for the quarter Record Adjusted EBITDA* of $7.0 million, approximately 318% higher than the same period in 2025 Exited the first quarter with over $13.6 million of cash, no debt and a fully undrawn $150 million credit facility, inclusive of a $25 million accordion feature The Company remains on track to achieve its outlook of 7,500 - 9,300 GEOs in 2026. On an annualized basis, first quarter results exceed the low end of the previously disclosed guidance, and we continue to expect that production will be weighted towards the second half of the year * See \"Non-IFRS Measures\" below. Management Appointments Gold Royalty is pleased to announce that John Griffith, Chief Development Officer, has been appointed President of the Company and, effective July 1, 2026, Jackie Przybylowski, Vice President Capital Markets, will expand her role to the Company's sustainability efforts as Vice President, Capital Markets and Sustainability. In her additional role, Ms. Przybylowski will be replacing Katherine Arblaster, Vice President Sustainability, who is stepping down to pursue other endeavours. Mr. Garofalo commented: \"I am delighted to recognize John' Griffith's leadership and impact with his promotion to President. John has been instrumental in the formation of Gold Royalty and in building the Company over the past five years. His new role reflects the broad leade...