Gold Royalty Corp.

Gold Royalty Corp. reported record financial results for the first half of 2026, with total revenue, land agreement proceeds, and interest rising 116% to $17.3 million and adjusted EBITDA more than tripling to $12.6 million. For the second quarter, total revenue, land agreement proceeds, and interest reached $7.9 million, an 80% increase, while adjusted EBITDA more than doubled to $5.6 million from $2.4 million a year earlier. The company produced 1,757 gold equivalent ounces in the quarter, bringing the first-half total to 3,677 ounces, or 44% of the midpoint of its full-year guidance of 7,500 to 9,300 GEOs. Gold Royalty also announced two acquisitions: an additional 0.1875% NSR royalty on the Ren project for $6.25 million, which is in addition to the existing 1.5% NSR and 3.5% NPI royalties it already holds, and two Nevada royalties for $800,000, including a 2% NSR on the Sterling property and a 0.5% NSR on portions of Granite Creek. The company ended the quarter with $11.3 million in cash and a fully undrawn $150 million credit facility, and management said the board is considering a capital return policy as the portfolio generates consistent positive free cash flow.