Gold Royalty Corp. (GROY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and welcome to the Gold Royalty Corp. Third Quarter 2025 Results Conference Call. Today, all participants will be in a listen-only mode. Should you need assistance during today's call, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note that today's event is being recorded. I would now like to turn the conference over to David Garofalo. Chairman and CEO. Please go ahead. Thank you, operator. Good morning, ladies and gentlemen, and thank you for participating in today's call to review our third quarter 2025 results. Please note that those not currently on the webcast, a presentation accompanying this conference call is available on the presentations page of our website. Some of the commentary in today's call will include forward-looking statements, and I would direct everyone to review slide two of the presentation which includes important cautionary notes. Speaking alongside me on today's call will be Andrew Goebbels, Chief Financial Officer, John Griffiths, Chief Development Officer, and Jackie Przybylowski, Vice President, Capital Markets. We are proud to report a second consecutive quarter of positive free cash flow, as well as another quarter of record revenue, adjusted EBITDA, and operating cash flow. These cash flows are a manifestation of the tremendous potential We saw from the assets as we've been carefully curating our portfolio over the past five years. Potential which is not yet fully realized as we have tremendous growth and value creation still to come. Growing cash flows and revenues continue to improve our balance sheet as Andrew will discuss in a moment. But first, I want to go over our approach to capital allocation. We have ...