Gold Royalty Corp. reported record-breaking financial results for the third quarter of 2025, highlighted by significant growth in revenue and gold equivalent ounces (GEOs). The company achieved a 76% year-over-year increase in Total Revenue, Land Agreement Proceeds and Interest, reaching $4.6 million in Q3 2025, with revenue alone at $4.1 million and 1,323 GEOs. For the first nine months of 2025, these figures rose 40% from the same period in 2024, totaling $12.6 million (revenue of $11.1 million) and 3,918 GEOs. CEO David Garofalo attributed the strong performance to the ramp-up of new large-scale, long-life mines and noted continued positive free cash flow, which has enabled debt reduction, keeping the company on track to be essentially debt free by the end of 2026.
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