Gold Royalty Corp. · AMEX:GROY
Gold Royalty — Q2 2025 Earnings Presentation
11 slides from Gold Royalty's earnings presentation, Aug 7, 2025
Slide 1: Second Quarter 2025 Results
Second Quarter 2025 Results August 7, 2025 goldroyalty.com / NYSE: GROY
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements Non-IFRS Measures We have included, in this presentation, certain performance measures that do not have standardized meanings prescribed under This presentation includes information and statements that constitute "forward-looking inform
Slide 3: Today's Speakers
Today’s Speakers David Garofalo Andrew Gubbels Jackie Przybylowski Chairman, CEO and President Chief Financial Officer Vice President, Capital Markets goldroyalty.com / NYSE: GROY 3
Slide 4: 2025 Second Quarter Highlights
2025 Second Quarter Highlights Growing Royalty and Stream Revenue, Record Positive Operating Cash Flow and Adjusted EBITDA ▪ Record revenue of $3.8 million and $4.4 million in Total Revenue, Land Agreement Proceeds and Interest* (1,249 GEOs*) ▪ Record Adjusted EBITDA* of $2.4 million ▪ General and a
Slide 5: Key Growth Assets
Key Growth Assets Côté and Borborema continued to outperform in the second quarter Côté Gold1 – 0.75% NSR Operator: IAMGOLD Location: Ontario, Canada • Steady-state nameplate throughput rate of 36,000tpd in July 2025, ahead of Q4 2025 target • Production from Côté Gold is expected to approximately d
Slide 6: 2025 Guidance and Five-Year Outlook
2025 Guidance and Five-Year Outlook We Expect Significant Growth Over the Next Five Years Attributable Gold Equivalent Ounces to GROY 23,000 - 28,000 Low Risk Growth: - Low execution risk: Over 80% of our growth to 2029 comes from assets which are already permitted and built, at least to a first pha
Slide 7: Gold Royalty Moving Forward
Gold Royalty Moving Forward High Quality Growth Pipeline Exploration Advanced Exploration Development Cash Flowing Trenton Canyon Whistler Tuscarora Nutmeg Mountain Odyssey Vareš White Rock War Eagle Cheechoo REN NPI REN NSR Côté Gold Ducros Sill Red Lake Project Gold Rock Midway Borborema Fenelon S
Slide 8: Key Upcoming Catalysts
Key Upcoming Catalysts • Borborema – Commercial production in in Q3 2025; potential highway relocation approval driving mineral reserve growth • County Line – Initial production pending expected permits Near-term • Granite Creek – Increased production rate and updated mineral resource estimate expec
Slide 9: Attractive Valuation
Attractive Valuation Significant Potential for Growth and Re-Rating ~0.95x Consensus median P/NAV Compared to sector average 2.76x ~1.2x P/NAV 2.36x 2.13x 1.53x 1.52x 1.45x 1.27x 1.15x 0.95x 1.03x 0.95x 0.77x 0.65x 0.47x Empress Versamet Vox Ecora EMX Metalla Elemental GROY Sandstorm Triple Flag OR
Slide 10: Why Invest in Gold Royalty?
Why Invest in Gold Royalty? • Free Cash Flow Inflection • Recent acquisitions provide significant near-term revenue and cash flow • Development of projects within GROY portfolio provide near-term growth at no additional cost • Strengthening revenues and continuous positive FCF provide increased near
Slide 11: Contact Info
Contact Info Contact Info: Email: info@goldroyalty.com TF: +1 (833) 396-3066 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 Canada goldroyalty.com / NYSE: GROY 11