Gold Royalty Stock Earnings Reports

Gold Royalty Corp. reported a strong Q1 2026 with record quarterly revenue and adjusted EBITDA driven by contributions from recent acquisitions (Pedra Branca) and a second Borba Rama royalty (equity-accounted). Key financials: $9.4M total revenue (including land agreement proceeds and interest), 1,920 GEOs in Q1, and $7.0M adjusted EBITDA. The company exited the quarter with >$13.6M cash, no debt, and a fully undrawn $150M credit facility. Management reiterated long-term organic growth guidance of 28,000–34,000 GEOs by 2030 (roughly 500% growth vs. 2025 at the midpoint) based solely on royalties and streams already owned. 2026 guidance of 7,500–9,300 GEOs remains in place (Q1 annualized implies ~7,680 GEOs), with volumes expected to be back-end weighted as assets ramp. Management emphasized disciplined, accretive M&A (favoring precious metals in low-risk jurisdictions), a conservative price-assumption approach to acquisitions, and potential future capital-return discussions as cash flows grow. Portfolio updates: funding recapitalization for Granite Creek (i-80), Corax acquisition of Pedra Branca closed Apr 2, 2026, and positive PEAs or project developments across several assets (Tonopah West, Whistler, South Railroad). Management highlighted first positive free cash flow in mid-2025 and continued focus on rationalizing G&A and eliminating interest costs to strengthen margins.