Gold Royalty Corp (GROY) saw its stock price surge 6.19% in trading on Wednesday, following the release of its impressive third-quarter financial results. The company reported record revenue and adjusted EBITDA, signaling strong performance and growth potential in the gold royalty sector.

According to the earnings report, Gold Royalty achieved record revenue of $4.1 million for the third quarter of 2025, based on 1,323 gold equivalent ounces. This represents a substantial 101.36% increase compared to the same period last year when sales were $2.060 million. The company's total revenue, including land agreement proceeds and interest, reached $4.6 million, exceeding analyst expectations of $4.100 million by 1.17%.

Further bolstering investor confidence, Gold Royalty reported record adjusted EBITDA of $2.5 million and positive cash flow from operations of $2.4 million. The company also demonstrated financial prudence by repaying $2.0 million on its revolving credit facility during the quarter, with an additional $5 million repaid after the quarter's end. Management expressed intentions to continue using cash generated from operations to reduce debt throughout 2026, indicating a focus on strengthening the company's financial position.