Gold Royalty reported record first-half results with total revenue, land agreement proceeds and interest of $17.3 million, up 116% year over year, and adjusted EBITDA surging 212% to $12.6 million. Gold equivalent ounces increased more than 40% to 3,677. The company reaffirmed its 2026 production guidance of 7,500 to 9,300 GEOs, with volumes expected to be more heavily weighted to the second half as the Vareš and County Line operations ramp up. Gold Royalty ended the quarter with $11.3 million in cash, no debt and an undrawn $150 million credit facility, and highlighted upcoming catalysts including Vareš reaching commercial production, REN's expected first production by year-end, and studies at Borborema, Granite Creek, Jerritt Canyon and Odyssey.
Gold Royalty Corp.Record first-half revenue and EBITDA, reaffirmed guidance, strong balance sheet
