Record Revenues and Positive Cash Flow
Gold Royalty reported record revenues and positive operating cash flows for the full year 2024, with total revenue, land agreement proceeds, and interest reaching $12.8 million, a 146% increase relative to 2023.
Significant GEO Growth Forecast
The company expects to produce between 5,700 and 7,000 GEOs in 2025, representing a midpoint increase of 16% relative to 2024. The five-year outlook forecasts 23,000 to 28,000 GEOs in 2029, an over 360% increase from 2024.
Successful Ramp-Up of Key Assets
Assets such as the Cote Gold mine, Vares copper stream, and Borborema are advancing well, contributing to increased revenue and production. Vares is expected to reach its Phase I run rate in the second half of 2025.
Long-Term Growth Supported by Strategic Acquisitions
The company's growth profile was achieved through strategic acquisitions, securing royalties on large-scale, long-life mines. These assets are expected to drive growth and free cash flow in the coming years.