Gold Royalty Achieves Record Revenue in 2024
Gold Royalty Corp. (NYSE: GROY) has announced record financial results for 2024, highlighting a 231% increase in revenue and a 146% increase in Total Revenue, Land Agreement Proceeds and Interest compared to 2023. The company achieved $3.8 million in total revenue for Q4 2024, representing 1,445 gold equivalent ounces (GEOs), and $12.8 million for the full year 2024, equating to 5,462 GEOs.
The strong performance was driven by cash-flowing royalties from key assets including Canadian Malartic, Côté, Borborema, Cozamin, and Borden (Porcupine), along with the Vares copper stream. The company anticipates continued strong growth in 2025 as production ramps up at Côté royalty and Vares stream operations.
Gold Royalty Corp. (NYSE: GROY) ha annunciato risultati finanziari record per il 2024, evidenziando un aumento del 231% nei ricavi e un aumento del 146% nel ricavo totale, nei proventi dagli accordi di terra e negli interessi rispetto al 2023. L'azienda ha raggiunto 3,8 milioni di dollari di ricavi totali per il quarto trimestre del 2024, corrispondenti a 1.445 once equivalenti d'oro (GEO), e 12,8 milioni di dollari per l'intero anno 2024, pari a 5.462 GEO.
Le solide prestazioni sono state trainate da royalties in flusso di cassa da asset chiave tra cui Canadian Malartic, Côté, Borborema, Cozamin e Borden (Porcupine), insieme al flusso di rame Vares. L'azienda prevede una continua forte crescita nel 2025 poiché la produzione aumenta presso le operazioni di royalty di Côté e del flusso Vares.
Gold Royalty Corp. (NYSE: GROY) ha anunciado resultados financieros récord para 2024, destacando un aumento del 231% en ingresos y un aumento del 146% en ingresos totales, ingresos de acuerdos de tierra e intereses en comparación con 2023. La empresa alcanzó 3,8 millones de dólares en ingresos totales para el cuarto trimestre de 2024, lo que equivale a 1,445 onzas equivalentes de oro (GEO), y 12,8 millones de dólares para el año completo 2024, equivalentes a 5,462 GEO.
El sólido rendimiento fue impulsado por regalías en efectivo de activos clave, incluyendo Canadian Malartic, Côté, Borborema, Cozamin y Borden (Porcupine), junto con el flujo de cobre Vares. La empresa anticipa un crecimiento continuo fuerte en 2025 a medida que la producción aumente en las operaciones de regalías de Côté y en el flujo de Vares.
골드 로열티 Corp. (NYSE: GROY)는 2024년 기록적인 재무 결과를 발표하며 수익이 231% 증가하고 총수익, 토지 계약 수익 및 이자가 146% 증가했다고 밝혔습니다. 회사는 2024년 4분기 총수익이 380만 달러로 나타났으며, 이는 1,445 금 상응 온스(GEO)에 해당하고, 2024년 전체 연도에는 1280만 달러를 기록하여 5,462 GEO에 해당합니다.
이 강력한 실적은 Canadian Malartic, Côté, Borborema, Cozamin 및 Borden (Porcupine)과 Vares 구리 스트림을 포함한 주요 자산에서 수익이 발생하는 로열티에 의해 이루어졌습니다. 회사는 Côté 로열티 및 Vares 스트림 운영에서 생산이 증가함에 따라 2025년에도 강력한 성장이 지속될 것으로 예상하고 있습니다.
Gold Royalty Corp. (NYSE: GROY) a annoncé des résultats financiers records pour 2024, mettant en évidence une augmentation de 231% des revenus et une augmentation de 146% des revenus totaux, des produits des accords fonciers et des intérêts par rapport à 2023. L'entreprise a réalisé 3,8 millions de dollars de revenus totaux pour le quatrième trimestre de 2024, représentant 1 445 onces équivalentes d'or (GEO), et 12,8 millions de dollars pour l'année 2024 dans son ensemble, équivalant à 5 462 GEO.
Cette performance solide a été soutenue par des redevances générant des flux de trésorerie provenant d'actifs clés, notamment Canadian Malartic, Côté, Borborema, Cozamin et Borden (Porcupine), ainsi que du flux de cuivre de Vares. L'entreprise anticipe une croissance forte continue en 2025 avec l'augmentation de la production des opérations de redevances de Côté et du flux de Vares.
Gold Royalty Corp. (NYSE: GROY) hat Rekordergebnisse für das Jahr 2024 bekannt gegeben, mit einem Umsatzanstieg von 231% und einem Umsatzanstieg von 146% bei den Gesamteinnahmen, Erträgen aus Landvereinbarungen und Zinsen im Vergleich zu 2023. Das Unternehmen erzielte im vierten Quartal 2024 3,8 Millionen Dollar an Gesamterlösen, was 1.445 Goldäquivalentunzen (GEO) entspricht, und 12,8 Millionen Dollar für das gesamte Jahr 2024, was 5.462 GEO entspricht.
Die starke Leistung wurde durch zahlungsgenerierende Royaltye aus wichtigen Vermögenswerten wie Canadian Malartic, Côté, Borborema, Cozamin und Borden (Porcupine) sowie durch den Vares Kupferstrom getrieben. Das Unternehmen erwartet für 2025 weiteres starkes Wachstum, da die Produktion bei den Côté-Royalty- und Vares-Stromoperationen zunimmt.
- 231% year-over-year revenue increase in 2024
- Record total revenue of $12.8 million for full year 2024
- 192% increase in Q4 2024 total revenue to $3.8 million
- Expected strong revenue growth in 2025 from Côté royalty and Vares stream ramp-up
- None.
Insights
The reported 231% revenue surge and 146% increase in Total Revenue marks a pivotal transformation for Gold Royalty Corp's business model. The achievement of
The revenue growth is particularly noteworthy as it stems from a diversified portfolio of producing assets. The Canadian Malartic, Côté, Borborema, Cozamin and Borden royalties, along with the Vares copper stream, provide a robust foundation for sustainable cash flow generation. The company's unique royalty generator model adds an additional revenue layer, effectively differentiating it from traditional royalty companies.
Looking ahead, two key catalysts deserve attention:
- The Côté royalty ramp-up, which represents one of Canada's largest new gold mines
- The Vares stream's continued production increase, which provides exposure to both precious and base metals
The 5,462 Gold Equivalent Ounces (GEOs) achieved in 2024 provides a standardized metric for comparing performance across different commodity exposures. This metric's substantial growth indicates strong underlying asset performance and effective portfolio management. The company's trajectory suggests potential for continued revenue expansion in 2025, supported by organic growth from existing assets rather than relying solely on new acquisitions.
231% increase in revenue and146% increase in Total Revenue, Land Agreement Proceeds and Interest* in 2024 relative to 2023.- Strategic acquisitions expected to continue to deliver strong growth in 2025 as key assets enter and ramp-up production.
Preliminary 2024 Results
Total Revenue, Land Agreement Proceeds and Interest* increased by
For the full year of 2024, Total Revenue, Land Agreement Proceeds and Interest* increased by
Gold Royalty currently expects to achieve additional strong revenue growth in 2025 as production under the Côté royalty and Vares stream continue to ramp up in accordance with their operators' current expectations.
*GEOs and Total Revenue, Land Agreement Proceeds and Interest are non-IFRS financial measures. See "Non-IFRS Measures" below.
Fourth Quarter 2024 Results and Webcast Details
Gold Royalty expects to release its financial and operating results for the full year and quarter ending December 31, 2024, after-market on Wednesday, March 19, 2025.
A conference call will be held at 11:00 a.m. ET (8:00 a.m. PT) on Thursday, March 20, 2025, to discuss these results. To participate, please use one of the following methods:
Webinar: Click Here
US (toll-free): 1-866-652-5200
International: 1-412-317-6060
The fourth quarter 2024 results presentation will be available on Gold Royalty's website at www.goldroyalty.com and a replay of the event will be available following the presentation.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the
Notice to Investors
For further information regarding the properties underlying the Company's royalties, stream and other interests, please refer to the disclosures of the operators thereof, including the news releases referenced herein and the other disclosures of such operators. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.
Forward-Looking Statements:
Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and
Non-IFRS Measures
We have included, in this document, certain performance measures, including: (i) Total Revenue, Land Agreement Proceeds and Interest; and (ii) GEOs which are each non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently.
Total Revenue, Land Agreement Proceeds and Interest reconciliation
Total Revenue, Land Agreement Proceeds and Interest are determined by adding land agreement proceeds credited against mineral properties and the Company's gold-linked loan interest. The Company has included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry. Below is a reconciliation of our Total Revenue, Land Agreement Proceeds and Interest to total revenue for the three month periods and years ended December 31, 2024 and 2023:
For the three months ended | For the year ended | |||||||
2024 | 2023 | 2024 | 2023 | |||||
(in thousands of dollars) | ($) | ($) | ($) | ($) | ||||
Royalty | 1,629 | 758 | 4,806 | 1,964 | ||||
Stream | 893 | -- | 893 | -- | ||||
Pre-acquisition royalty revenue credited against Cozamin purchase price | -- | -- | -- | 226 | ||||
Advance minimum royalty and pre-production royalty | 732 | 137 | 2,982 | 646 | ||||
Land agreement proceeds | 297 | 391 | 3,085 | 2,347 | ||||
Loan interests | 295 | 33 | 1,081 | 33 | ||||
Total Revenue, Land Agreement Proceeds and Interests | 3,846 | 1,319 | 12,847 | 5,216 | ||||
Land agreement proceeds credited against mineral properties | (196) | (270) | (1,663) | (1,909) | ||||
Pre-acquisition royalty revenue credited against Cozamin purchase price | -- | -- | -- | (226) | ||||
Loan interests | (295) | (33) | (1,081) | (33) | ||||
Revenue | 3,355 | 1,016 | 10,103 | 3,048 | ||||
GEOs
Total GEOs are determined by dividing Total Revenue, Land Agreement Proceeds and Interest by the average gold prices for the applicable quarter and year:
(in thousands of dollars, except Average Gold Price/oz and GEOs) | Average Gold Price/oz | Total Revenue, Land Agreement Proceeds and Interest | GEOs | |||
For the three months ended December 31, 2024 | 2,661 | 3,846 | 1,445 | |||
For the three months ended December 31, 2023 | 1,977 | 1,319 | 667 | |||
For the year ended December 31, 2024 | 2,352 | 12,847 | 5,462 | |||
For the year ended December 31, 2023 | 1,930 | 5,216 | 2,703 |
View original content:https://www.prnewswire.com/news-releases/gold-royalty-achieves-record-revenue-in-2024-302363651.html
SOURCE Gold Royalty Corp.
FAQ
What was Gold Royalty's (GROY) total revenue for 2024?
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