Company Performance - Gold Royalty Corp. (GROY) has returned 23.1% year-to-date, outperforming the Basic Materials sector, which has gained an average of 7.4% [4] - The Zacks Consensus Estimate for GROY's full-year earnings has increased by 40% over the past quarter, indicating improved analyst sentiment and earnings outlook [3] - GROY belongs to the Mining - Gold industry, which includes 40 companies and currently ranks 79 in the Zacks Industry Rank; this industry has gained about 22.2% year-to-date, showing GROY's superior performance within its group [6] Sector Overview - The Basic Materials sector includes 233 individual stocks and holds a Zacks Sector Rank of 11 out of 16 groups, indicating its relative performance [2] - Another stock in the Basic Materials sector, Orla Mining Ltd. (ORLA), has also outperformed the sector with a year-to-date return of 24.7% [4] - ORLA's consensus EPS estimate for the current year has increased by 76.5% over the past three months, and it currently holds a Zacks Rank of 2 (Buy) [5]

Core Insights - Gold Royalty Corp. reported record revenue for 2024, driven by cash flowing royalties from various projects and strong commodity prices [1][2] - The company achieved a 192% increase in Total Revenue, Land Agreement Proceeds, and Interest in Q4 2024 compared to Q4 2023, totaling $3.8 million [2] - For the full year 2024, these metrics increased by 146% to a record $12.8 million, equating to 5,462 gold equivalent ounces (GEOs) [2][9] Financial Performance - Q4 2024 revenue was $3.8 million, with $3.4 million attributed to revenue alone, equating to 1,445 GEOs [2][10] - Full year 2024 revenue reached $12.8 million, with $10.1 million from revenue, equating to 5,462 GEOs [2][10] - The average gold price for Q4 2024 was $2,661 per ounce, compared to $1,977 per ounce in Q4 2023 [10] Future Outlook - The company anticipates continued strong revenue growth in 2025 as production from the Côté royalty and Vares stream ramps up [3][9] - Strategic acquisitions are expected to contribute to growth as key assets enter production [9] Company Overview - Gold Royalty Corp. focuses on providing financing solutions in the metals and mining industry, aiming to build a diversified portfolio of precious metals royalty and streaming interests [5] - The company's portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [5]

Group 1 - Gold Royalty (NYSE: GROY) is highlighted as a high-quality owner of royalties that are expected to generate significant cash flow and revenue for shareholders [1] - The company is noted for its cheap valuation, particularly in comparison to other Canadian gold royalty stocks [1] Group 2 - The article reflects an investment philosophy focused on seeking bargains in emerging markets and emphasizes an owner-mindset while largely ignoring macroeconomic noise [1] - The author expresses admiration for renowned investors and economic thinkers, indicating a shift towards an Austrian economic perspective in future writings [1]

Financial Data and Key Metrics Changes - The company achieved total revenue, land agreement proceeds, and interest of $2.6 million in Q3 2024, representing a 90% increase compared to Q3 2023 [7] - Year-to-date total revenue reached a record $9 million, over a 130% increase relative to the same period in 2023, with cash operating expenses of $5.9 million [8] - The company reported positive net income in the quarter, recognizing a $5.9 million non-cash deferred tax asset due to an internal reorganization [9] Business Line Data and Key Metrics Changes - The Côté Gold Mine in Ontario and the Vares Mine in Bosnia are expected to drive revenue growth, with Côté ramping up production and Vares expected to generate initial revenue in Q4 2024 [10][11] - The company anticipates full revenue growth from both Côté and Vares in 2025, benefiting from a full year of production [12] Market Data and Key Metrics Changes - The company expects total revenue, land agreement proceeds, and interest for the full year 2024 to be between $13 million and $14 million, a 160% increase compared to 2023 [13] - The ramp-up at Côté and initial revenue from Vares, along with contributions from existing cash-flowing royalties, are key drivers for Q4 revenue growth [13] Company Strategy and Development Direction - The company is focused on maintaining a disciplined capital allocation strategy, prioritizing debt repayment and liquidity enhancement before considering returns to shareholders [33] - The company has a robust pipeline of royalties and streams, with high-quality assets located in favorable mining jurisdictions [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for 2025, citing strong commodity prices and a stable cost structure as factors for expected revenue and cash flow growth [6] - The company highlighted the significant leverage to gold prices, projecting substantial revenue growth as production volumes increase [35] Other Important Information - The company has seen a significant increase in the ounces in the ground from 30 million at IPO to over 130 million currently, driven by exploration success and acquisition efforts [37] - The company is excited about several key catalysts across its portfolio, including developments at the Odyssey mine, Borborema project, and Whistler project [19][20][22] Q&A Session Summary Question: Impact of higher gold prices on the portfolio - Management noted that the leverage to gold prices is immense, with significant cash flow growth expected as production volumes increase [35][36] Question: M&A pipeline and asset prices - Management indicated that the junior market has not responded to gold price increases, leading to limited appeal for early-stage opportunities but potential for financing third-party royalties [42][44] Question: Updates on Jerritt Canyon - Management acknowledged that while Jerritt Canyon remains on the balance sheet, higher gold prices could enhance its relevance in the future [48][49] Question: Exploration portfolio potential - Management highlighted encouraging developments at the Whistler Project and Tonopah West, indicating strong potential for new discoveries [51][52] Question: Vares payment structure - Management clarified that revenue from Vares is contingent on reaching a threshold of copper concentrate before payments are made [55][56] Question: Future debt repayment strategy - Management confirmed that the priority is to reduce the revolving credit facility to nil before considering returns to shareholders [61][62]

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 Gold Royalty Corp. Exhibit 99.1 Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in thousands of United States dollars unless otherwise stated) 2 Gold Royalty Corp. | | | As at September 30, 2024 | As at December 31, 2023 | | --- | --- | --- | --- | | | Notes | ($) | ($) | | Assets | | | | | Current assets | | | | | Cash and cash equivalents | | 2,518 | 1,443 | | Sh ...

Core Insights - Gold Royalty Corp. reported a significant increase in revenue for the third quarter of 2024, with total revenue rising by approximately 160% and total revenue, land agreement proceeds, and interest increasing by 90% compared to the same period in 2023 [1][2] - The company anticipates further revenue growth in the fourth quarter of 2024 due to recent strategic acquisitions [1] Financial Performance - Total revenue for the third quarter of 2024 reached $2.6 million, with revenue of $2.1 million, equating to 1,051 gold equivalent ounces (GEOs) [2] - For the first nine months of 2024, total revenue, land agreement proceeds, and interest increased by over 130% to a record $9.0 million, equating to 4,017 GEOs [2] Operational Highlights - Revenue from the Côté Gold Mine, operated by IAMGOLD Corporation, increased as the mine ramped up production, achieving a record daily throughput of 40,900 tonnes per day, which is 14% above nameplate capacity [3] - The company expects to receive its first revenue from the copper stream over the Vares Mine in the fourth quarter as the asset ramps up to achieve nameplate capacity [3] - Gold Royalty remains on track to meet its guidance for 2024, projecting between 6,500 and 7,000 GEOs, translating to approximately $13 million to $14 million in forecasted total revenue, land agreement proceeds, and interest [3] Upcoming Events - Gold Royalty will release its quarterly financial and operating results for the three and nine months ended September 30, 2024, on November 4, 2024, after market close [5] - A conference call to discuss these results is scheduled for November 5, 2024 [5] Company Overview - Gold Royalty Corp. is focused 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]

Financial Data and Key Metrics Changes - In Q2 2024, the company reported total revenue of $2.2 million, which is approximately 300% higher than the same period in 2023 [13] - The company achieved positive operating cash flow of $1.2 million for the second consecutive quarter, marking a significant transition since its IPO [13][10] - The company has exceeded its total revenue for the full year 2023 of $5.2 million within the first six months of 2024, with a total of $6.4 million [15] Business Line Data and Key Metrics Changes - The company has transitioned to a royalty company that consistently generates cash from operations, with a focus on cash-flowing assets [13] - The company has seven cash-flowing royalties and 14 royalties in various stages of construction, with over 240 royalties overall [9] Market Data and Key Metrics Changes - The gold price has increased by 20% year-to-date, yet gold equities have underperformed the commodity, indicating a potential future rotation of capital into gold equities [7][4] - The GDXJ index remains 75% below its all-time highs, suggesting a lack of significant capital allocation into gold equities [4] Company Strategy and Development Direction - The company aims to build a portfolio of quality, growth-oriented assets to future-proof its operations and generate self-sufficient cash flow [16][17] - The management is focused on acquiring cash-flowing royalty opportunities to enhance cash flow per share and net asset value per share [36] Management's Comments on Operating Environment and Future Outlook - Management believes that the prolonged inflationary cycle will benefit gold, as governments are likely to inflate their debt away, leading to increased demand for gold [3] - The company expects significant growth in cash flow and earnings per share as major projects come into full production in the coming quarters [39][40] Other Important Information - The company completed the acquisition of a copper stream on the Vares Project for $50 million, which is expected to strengthen its portfolio [14] - The company published its second annual sustainability report, highlighting its ESG performance and commitments [15] Q&A Session Summary Question: Can you expand on the 20% cost reduction in G&A compared to 2023? - The company has focused on managing operating costs by eliminating redundancies and streamlining operations, resulting in a decrease in costs [33] Question: How does issuing more shares benefit shareholders? - The company assures that share issuance has been strategic, aimed at acquiring assets that add significant cash flow and net asset value per share [36] Question: Is further dilution expected with new land agreements? - The company has not diluted shareholders without a clear use of proceeds that adds value, and any future equity issuance would be based on similar principles [38] Question: When can we expect the share price to improve? - Management believes that as cash flow and earnings per share grow, the market will start to recognize this value, leading to improved share prices [39] Question: What is the lag time for production payments on the Vares Copper Stream? - The first stream payment for the Vares project is expected in the third quarter of this year, following a lag between production and payment [40] Question: What impact will the recent court ruling on the Vares Royalty have? - Management reassured that there will be no impact on production from the recent court ruling, as alternative tailings facilities are being evaluated [42] Question: Can the company publish a five-year projection of GEOs ramp-up? - The company expects to reach 6,500 to 7,000 GEOs in 2024, with projections of over 30,000 GEOs by the end of the decade [44] Question: When do you expect positive free cash flow? - Positive free cash flow is anticipated to become a reality through 2024 and 2025, contingent on the performance in the second half of the year [45] Question: What are some major catalysts the company is looking forward to? - Key catalysts include production ramp-ups at Cote and Canadian Malartic, as well as the expected commercial production at Borborema [47]

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 Gold Royalty Corp. Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in thousands of United States dollars unless otherwise stated) | | | As at June 30, 2024 | As at December 31, 2023 | | --- | --- | --- | --- | | | Notes | ($) | ($) | | Assets | | | | | Current assets | | | | | Cash and cash equivalents | | 3,584 | 1,443 | | Short-term investments | | 276 | 342 | | Accoun ...

MGO Global (MGOL) As a result, the company's mission for investors is to develop widely recognized brands that can last in the everchanging landscape of today's branding market. On the financial side, MGOL operates on a small scale, with its revenues measured in the hundreds of thousands. Nevertheless, its Q1 revenue saw a 1384% increase year-overyear (YOY), which brought net income just $164,000 shy of profit. Therefore, MGOL is one of the higherpotential penny stocks to buy right now. Financially, the com ...

The 2023 Sustainability Report and 2024 Asset Handbook are available on Gold Royalty's website: www.goldroyalty.com Investor Day VANCOUVER, BC, June 5, 2024 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the publication of its second annual Sustainability Report and Asset Handbook. David Garofalo, Chairman and CEO of Gold Royalty, commented, "Our 2023 Sustainability Report and updated Asset Handbook highlight Gold Royalty's exceptional growth ...