Gold Royalty Corp. · AMEX:GROY
Gold Royalty — Q2 2026 Earnings Presentation
13 slides from Gold Royalty's earnings presentation, Aug 6, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results August 6, 2026 1
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements The information contained herein includes “forward-looking information” and “forward-looking statements” within the meaning of generally has limited or no ability to verify such information. Although the Company does not have any knowle
Slide 3: Today's Speakers
Today’s Speakers David Garofalo Andrew Gubbels John Griffith Jackie Przybylowski Vice President, Capital Markets & Chairman and CEO Chief Financial Officer President Sustainability goldroyalty.com / NYSE: GROY 3
Slide 4: GROY Relative Performance
GROY Relative Performance Relative Performance from April 1st – June 30th Gold (US$/oz) GDXJ GDX GROY 10% 5% 0% -5% -10% -15% -20% -25% -30% Apr-2026 May-2026 Jun-2026 goldroyalty.com / NYSE: GROY Source: FactSet 4
Slide 5: Cash Operating Margins Nearing the Top of Our Peer Group
Cash Operating Margins Nearing the Top of Our Peer Group Scalable Business Model – Costs Remain Relatively Fixed as Revenue Grows Cash Operating Margin (%)1,2,3 86% 73% 70% 71% 65% 50% MTA VMET ECOR ELE GROY VOX 1) Cash Operating Margin is calculated based on total revenue – Cost of Sales – G&A – pr
Slide 6: We Have Maintained Strong Exposure to Gold
We Have Maintained Strong Exposure to Gold Premier Assets in Top Jurisdictions with over 90% of our Value in Gold Commodity Commodity (% Book Value) (% 2025 Revenue) 8% 29% 71% 92% Gold Copper Gold Copper goldroyalty.com / NYSE: GROY Note: Based on revenue and book value as reported in GRC’s Decembe
Slide 7: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Record Half-Year Results ▪ Record $17.3 million in Total Revenue, Land Agreement Proceeds and Interest* (3,677 GEOs*) ▪ Record Adjusted EBITDA* of $12.6 million Second Quarter Results ▪ $7.9 million in Total Revenue, Land Agreement Proceeds, and Interest* (1,757 GEOs*)
Slide 8: Continued Accretive Growth Through Recent Transactions
Continued Accretive Growth Through Recent Transactions Pedra Branca Borborema - additional royalty • 25% gold NSR, 2% copper NSR • Additional 0.75% NSR to GROY • US$70M • US$22.5M • Third party – acquired from • Third party – acquired from BlackRock World Mining Trust plc Dundee Corporation • Announ
Slide 9: Five-Year Outlook
Five-Year Outlook We Expect Significant Growth Over the Next Five Years Attributable Gold Equivalent Ounces to GROY Low Risk Growth: 28,000-34,000 - Low execution risk: Over 70% of our growth to 2030 comes from assets which are already permitted and built, at least to a first phase; over 90% includi
Slide 10: Our Large Portfolio Provides Numerous Exciting Catalysts
Our Large Portfolio Provides Numerous Exciting Catalysts • Borborema – Studies to expand plant capacity from 2Mtpa to 4Mtpa to be completed Q2-Q3 20261 • Côté – Technical report and updated mine plan reflecting the integration of the Côté and Gosselin zones - Q4/20262 • Granite Creek –Feasibility st
Slide 11: Why Invest in Gold Royalty?
Why Invest in Gold Royalty? FREE CASH FLOW • Positive free cash flow first achieved in Q2/25; poised for strong growth INFLECTION • Strengthened balance sheet: Gold Royalty in a positive net cash position December 2025 • Cornerstone royalties on Tier 1, long life assets operated by premier mining co
Slide 12: Contact Info
Contact Info Email: info@goldroyalty.com Telephone: +1 (833) 396-3066 Address: 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 Canada
Slide 13: Upcoming Catalysts – Source Notes
Upcoming Catalysts – Source Notes 1. Aura Minerals Q1/2026 earnings call, May 11, 2026, transcript available on FactSet 2. IAMGOLD June 1, 2026 press release 3. i-80 Gold June 25, 2026 press release 4. First Majestic Silver press release April 2, 2026 5. Agnico Eagle Q2/2026 MD&A, published July 29,