Gold Royalty Corp. has announced its preliminary results for the second quarter of 2025, reporting a significant increase in revenue. Total Revenue, Land Agreement Proceeds, and Interest surged by approximately 100% to $4.4 million, with revenue alone accounting for $3.8 million. This is an increase from the second quarter of 2024, equating to 1,346 gold equivalent ounces (GEOs). For the first half of 2025, these figures also rose by 25% compared to the same period in 2024, reaching a record $8.0 million, with revenue at $6.9 million, translating to 2,595 GEOs. Gold Royalty maintains its full-year production guidance for 2025, expecting between 5,700 and 7,000 GEOs as previously announced. The company anticipates that production will be more heavily weighted towards the second half of the year, with newly commenced mining operations such as Côté, Vareš, and Borborema moving towards full production capacity throughout 2025. Further revenue growth is projected for the remainder of the year, driven by robust commodity prices supporting the company's cash-flowing royalties at several sites including Canadian Malartic, Côté, Borborema, Cozamin, and Borden (Porcupine), as well as the Vareš copper stream.
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