First Quarter 2025 Financial Highlights - The company reported revenue of $3.1 million and Total Revenue, Land Agreement Proceeds and Interest of $3.6 million (1,249 GEOs)[22] - The company achieved record positive operating cash flow of $2.5 million and Adjusted EBITDA of $1.7 million[22] - General and administrative costs were $1.8 million[22] 2025 Guidance and Five-Year Outlook - The company expects total GEOs between 5,700 and 7,000 in 2025, with three cash flowing assets ramping up[23] - The company anticipates peer-leading growth of over 360% in the next five years, forecasting GEOs to increase to between 23,000 and 28,000 in 2029[23] Key Growth Assets - Commercial production at Vareš is expected in Q2 2025, with a ramp-up to 800ktpa run rate expected in H2 2025, and a potential throughput increase of 63% by 2027[30] - Côté Gold's ramp-up remains on track to achieve a steady-state nameplate throughput rate of 36,000tpd in Q4 2025, with production expected to approximately double in 2025 to 360,000-400,000oz gold (100% basis)[30] - Borborema achieved initial production in Q1 2025, with commercial production expected in Q3 2025, and is expected to reach between 40% and 48% of designed nominal capacity in 2025, equivalent to an annualized rate of 83,000oz Au[30] Valuation and Growth Potential - The company's valuation is approximately 0.57x Consensus median P/NAV, compared to a sector average of approximately 1.3x P/NAV[35]

Exhibit 99.1 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 Gold Royalty Corp. Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in thousands of United States dollars unless otherwise stated) | | | As at | As at | | --- | --- | --- | --- | | | | March 31, 2025 | December 31, 2024 | | | Notes | ($) | ($) | | Assets | | | | | Current assets | | | | | Cash and cash equivalents | | 3,214 | 2,267 | | Short-term investments | | 140 ...

Core Viewpoint - Gold Royalty Corp. reported preliminary results for Q1 2025, indicating total revenue of $3.6 million, with expectations for revenue growth throughout the year due to strong commodity prices supporting cash flowing royalties [2][3]. Financial Performance - Total revenue for Q1 2025 was $3.6 million, which includes $3.1 million in revenue, equating to 1,249 gold equivalent ounces (GEOs) [2]. - Royalty, stream, pre-production, and loan interest all saw increases in 2025, while land agreement proceeds decreased by $1.5 million compared to Q1 2024 due to higher one-time payments in the previous year [2]. - The company maintains its full-year production guidance of 5,700 - 7,000 GEOs, with production expected to be more heavily weighted in the second half of the year as new mining operations ramp up [3]. Upcoming Events - Gold Royalty plans to release its financial and operating results for the quarter ending March 31, 2025, after market close on May 7, 2025, followed by a conference call on May 8, 2025 [4]. - The company will host its 2025 capital markets day on June 12, 2025, in Toronto, with both in-person and virtual attendance options available [5]. Company Overview - Gold Royalty Corp. focuses on providing creative financing solutions to the metals and mining industry, aiming to build a diversified portfolio of precious metals royalty and streaming interests [6].

Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].

Alastair Still, P.Geo., the Director of Technical Services of the Company, is a qualified person as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and subpart 1300 of Regulation S-K ("SK1300") and has reviewed and approved the scientific and technical information contained herein. Fourth Quarter 2024 Results March 20, 2025 goldroyalty.com / NYSE: GROY Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation includes ...

Gold Royalty Corp. (NYSE:GROY) Q4 2024 Earnings Conference Call March 20, 2025 11:00 AM ET Company Participants David Garofalo - Chairman & CEO Andrew Gubbels - CFO Jackie Przybylowski - VP, Capital Markets Peter Behncke - Director, Corporate Development & IR Conference Call Participants Heiko Ihle - H.C. Wainwright Eric Winmill - Scotiabank Operator Welcome to the Gold Royalty Corp. Fourth Quarter 2024 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After to ...

Financial Data and Key Metrics Changes - Gold Royalty Corp. reported total revenue of $3.8 million for Q4 2024, a 192% increase compared to Q4 2023 and approximately 50% higher than Q3 2024 [8] - For the full year 2024, total revenue reached a record $12.8 million, marking a 146% increase from 2023 [9] - The company achieved positive operating cash flows of $2.5 million and positive adjusted EBITDA of $4.8 million for 2024 [9][43] Business Line Data and Key Metrics Changes - The Cote Gold mine's ramp-up contributed significantly to revenue growth, alongside initial revenues from the Vares copper stream [8] - The company expects to receive between 5,700 and 7,000 GEOs in 2025, representing a 16% increase from 2024 [9][10] - The five-year outlook forecasts production growth to 23,000 to 28,000 GEOs by 2029, reflecting over a 360% increase from 2024 [6][20] Market Data and Key Metrics Changes - The company anticipates strong commodity prices will support revenue growth in 2025 [5] - The guidance for 2025 assumes a gold price of $2,668 per ounce and a copper price of $4.23 per pound [19] Company Strategy and Development Direction - Gold Royalty Corp. emphasizes disciplined capital allocation, prioritizing debt repayment and strategic growth opportunities [7] - The company is focused on cash flow generation and plans to utilize free cash flow for debt repayment and potential acquisitions [62][70] - The portfolio's growth profile is attributed to transformative acquisitions of royalties on large-scale, long-life mines [44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's potential, citing strong operating partners and expected cash flow growth [42] - The company is optimistic about the ramp-up of key assets like Cote, Borborema, and Vares, which are expected to contribute significantly to cash flows in 2025 [10][72] Other Important Information - The Vares mine is expected to reach a full Phase I run rate of 800,000 tonnes per year in the second half of 2025, with further expansions planned [26] - The Borborema project is on track for its first gold pour later this month, with commercial production expected in the second half of the year [27] Q&A Session Summary Question: Can you provide color on the longer-term guidance? - Management indicated that many cornerstone assets have 20-year mine plans, suggesting sustainability beyond the five-year outlook [53] Question: What is the expected breakdown between gold and copper in the long term? - Currently, the asset base is approximately 90% gold and 10% copper, with expectations for a decline in copper exposure over time [54][56] Question: What is the plan for debt management? - The company aims to reduce debt as free cash flow increases, while maintaining some level of debt for potential opportunities [62][70] Question: How should cash flow distribution be expected in 2025? - The second half of 2025 is expected to be stronger due to the ramp-up of key assets [74] Question: What new opportunities are being considered for the portfolio? - The company is actively looking for quality opportunities in the royalty and streaming financing space, focusing on later-stage assets [78][82]

Exhibit 99.1 GOLD ROYALTY REPORTS FOURTH QUARTER AND 2024 RESULTS, RECORD REVENUE AND POSITIVE OPERATING CASH FLOWS WITH CONTINUED SIGNIFICANT GROWTH EXPECTED IN 2025 AND OVER NEXT FIVE YEARS Vancouver, British Columbia – March 20, 2025 – Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the filing of its operating and financial results for the three and twelve months ended December 31, 2024. All amounts are expressed in U.S. dollars unless otherwise noted. Da ...

Project Overview - The Odyssey Project is planned to mine at a rate of approximately 20,000 tonnes per day (tpd) with full commissioning of the 1,800 m deep shaft expected in 2027[205]. - Initial production from the Odyssey Mine began in 2023, with the first loading station expected to be commissioned in 2027[224]. - The Odyssey Project will utilize existing infrastructure at the Canadian Malartic site, including tailing storage facilities and processing plants[229]. Mining and Processing Capacity - The Canadian Malartic mine's processing plant has a nominal capacity of 55,000 tpd, utilizing conventional cyanidation for gold extraction[228]. - The total capacity of the current tailings management facility is estimated to be 230 million tonnes, with plans to store an additional 70 to 80 million tonnes in the Canadian Malartic pit post-mining[235]. Environmental Compliance - The Canadian Malartic GP has received all permits related to mining the Canadian Malartic pit extension, ensuring compliance with environmental regulations[236]. - A water treatment plant is in place to ensure compliance with water quality requirements, reducing risks associated with surface water management[238]. Resource and Production Metrics - The gold resource in the Canadian Malartic deposit is primarily hosted by altered clastic sedimentary rocks, with mineralization extending from surface to 400 m below surface[212]. - The Odyssey deposit extends on a 2 km strike and a width of 500 m, characterized by higher grade gold mineralization along its sheared margins[217]. - For the year ended December 31, 2024, processed tonnes increased to 20,317,263 from 19,583,538 in 2023, representing a growth of approximately 3.75%[240]. - Gold production attributable to the company rose significantly to 25,519 ounces in 2024, compared to 12,722 ounces in 2023, marking an increase of approximately 100%[240]. - Silver production also saw an increase, with attributable production rising to 12,457 ounces in 2024 from 6,600 ounces in 2023, reflecting an increase of approximately 89%[240]. - The metallurgical recovery rate for gold was 92.3% in 2024, slightly down from 92.7% in 2023, while silver recovery decreased to 68.6% from 72.2%[240]. Financial Aspects - The Canadian Malartic Property has a significant portion subject to a 5% NSR royalty payable to Osisko, with additional royalties varying between 1% and 3% on other claims[208]. - The royalty coverage percentage increased to 4.044% in 2024 from 1.875% in 2023, indicating a substantial improvement in royalty interests[240]. Community Engagement - The company has implemented a "Good Neighbour Guide" with over 90% of Malartic residents participating in the compensation program[231]. Future Developments - The company has submitted a request for a decree amendment to develop additional zones, which does not trigger further Federal permitting requirements[237]. - The Canadian Malartic GP believes that the availability of alternative refiners mitigates risks associated with losing current refining services[240]. - The company is focused on maintaining flexibility in its water usage system through effective management of excess water from the mining operations[238]. - Further information regarding the Canadian Malartic Property can be found in the Operating and Financial Review and Prospects section[241].

Core Viewpoint - Gold Royalty Corp. has amended and upsized its revolving credit facility, resulting in reduced borrowing costs and improved balance sheet flexibility [1][2][3] Financial Summary - The amended facility now consists of a US$30 million secured revolving credit line, with US$25 million drawn and an accordion feature allowing for an additional US$45 million, subject to conditions [2] - The interest rate has been reduced by 100 basis points to SOFR plus a margin of 3.00% [2] - The maturity date of the facility has been extended to March 31, 2028 [2] Operational Updates - Côté Gold is expected to double its production in 2025 to 360-400koz gold from 177koz in 2024 [3] - Adriatic Metals has raised A$80 million (approximately US$50 million) to complete the Vares ramp-up to 800ktpa capacity in the first half of 2025 [3] - Agnico Eagle's Odyssey project remains on schedule, with mining transition expected to complete in 2029 [3] - Barrick's REN project is anticipated to reach full production in 2027, with an average production of 140,000 oz gold per year [3] - Blackrock Silver is advancing exploration at the Tonopah West project, with an updated mineral resource estimate expected in Q3 2025 [3] - Discovery Silver is acquiring Newmont's Porcupine complex, including the Borden operation, with an updated PEA available [3] - Wallbridge Mining plans to complete an updated PEA on the Fenelon project in the current quarter [3] Strategic Outlook - The company anticipates significant revenue growth in 2025, driven by cash flow generation from key assets and ongoing capital allocation initiatives prioritizing debt repayment [3][4] - The company is well-positioned for future revenue growth, particularly from Vares and REN, expected to contribute significantly by 2027 [4]