Gold Royalty Corp. (GROY) Achieves Record Revenue on Gold Production Surge

Core Insights - Gold Royalty Corp (NYSE:GROY) has achieved record revenue driven by the ramp-up of its portfolio and new mines entering production [1][2][4] Financial Performance - The company reported record revenue of $4.1 million in Q3, with total revenue including land agreement proceeds and interest reaching $4.6 million from 1,323 gold ounces produced [2] - Adjusted EBITDA for the quarter was a record $2.5 million, and positive cash flow from operations was $2.4 million [2] - Despite the strong revenue performance, the company recorded a net loss of $1.13 million, or $0.01 per share, compared to a net income of $3.4 million, or $0.02 per share, in the same quarter last year [3] Management Commentary - David Garofalo, Chairman and CEO, highlighted the successful ramp-up of the portfolio and the positive cash flow, which has allowed the company to reduce debt and lower interest costs [4] - The company aims to continue using cash generated from operations to de-lever through 2026 [4] Analyst Rating - Maxim Group analyst Tate Sullivan reiterated a Buy rating on GROY with a price target of $5 [4] Company Overview - Gold Royalty Corp focuses on acquiring and managing royalties and streams for metals and mining companies, providing creative financing solutions and building a diversified portfolio to generate returns [5]