Today's Speakers
David Garofalo
Chairman and CEO
John Griffith
President
Andrew Gubbels
Chief Financial Officer
Jackie Przybylowski
Vice President, Capital Markets & Sustainability
goldroyalty.com / NYSE: GROY 3
Five-Year Outlook
We Expect Significant Growth Over the Next Five Years
Attributable Gold Equivalent Ounces to GROY
Low Risk Growth:
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% including satellite deposits
Fully paid in our portfolio: no capital calls or future milestone payments
- Top global mining jurisdictions
- Experienced and well-funded
operators
28,000-34,000
7,500-9,300
5,462 5,173
2,703
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2023 2024 2025 2026 2027 2028 2029 2030
goldroyalty.com / NYSE: GROY
2026 guidance assumes gold price $5,150/oz and copper price $5.75/lb; 2030 outlook assumes gold price $3,500/oz and copper price $5.00/lb. 2030 outlook includes approx. 600 GEOs of contractual Land Agreement Proceeds and interest based on payments expected under existing contracts.
First Quarter 2026 Highlights
Record Revenue, Record Positive Adjusted EBITDA
Record $9.4 million in Total Revenue, Land Agreement Proceeds and Interest* (1,920 GEOs*)
Record Adjusted EBITDA* of $7.0 million, over 300% higher than Q1 2025
On Track to Meet Guidance
Q1 result 1,920 GEO is on track to meet 2026 guidance 7,500 - 9,300 GEOs
Production more heavily weighted towards second-half of the year
Strong Balance Sheet
$13.6 million of cash
Debt free
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Undrawn $150 million credit facility, inclusive of $25 million accordion
goldroyalty.com / NYSE: GROY
* Total Revenue, Land Agreement Proceeds and Interest, GEOs, and Adjusted EBITDA are non-IFRS measures and should not be considered in isolation or as a substitute for analysis of the Company's results under IFRS. See "Non-IFRS Measures" on slide 2.
Asset Highlights
Significant Progress on Key Assets in the Quarter
Granite Creek1 - 10% NPI | |
Operator: i-80 Gold Corp. | Location: Nevada |
| |
Pedra Branca2 - 25% NSR on gold + 2% NSR on copper | |
Operator: CoreX Holding | Location: Brazil |
| |
Whistler3 - 1% NSR | |
Operator: US GoldMining | Location: Alaska |
| |
1) Source: Based on i-80 Gold Corp. March 24, 2026 press release
goldroyalty.com / NYSE: GROY 2) Source: Based on BHP operational review for the nine months ended March 31, 2026 6
3) Source: Based on US GoldMining March 23, 2026 press release
Why Invest in Gold Royalty?
FREE CASH FLOW INFLECTION
Positive free cash flow first achieved in Q2/25; poised for strong growth
Strengthened balance sheet: Gold Royalty in a positive net cash position December 2025
LOW-RISK EXPOSURE TO GOLD
Cornerstone royalties on Tier 1, long life assets operated by premier mining companies in low-risk jurisdictions
Limited capital cost inflation risk
Limited operating cost inflation risk
CATALYST-RICH GROWTH
Peer-leading growth
Low project execution risk
Long-term optionality
EXPERIENCED MANAGEMENT TEAM AND BOARD
Over 400 years of collective experience with wide breadth of expertise and strong connectivity throughout the industry
Royalty model is scalable with existing team
goldroyalty.com / NYSE: GROY 7
Contact Info
Email: info@goldroyalty.com
Telephone: +1 (833) 396-3066
Address: 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 Canada
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