Gold Royalty Corp Expands $150M Credit Line, Reports 38% Annual Revenue Growth
On February 19, Gold Royalty Corp expanded and amended its credit facility to a secured $125 million line with an additional $25 million option, lowering interest to 2.25%–3.25%. The company posted Q4 revenue up 37% to $5.2 million and full-year revenue up 38% to $17.7 million.
1. Credit Facility Expansion
On February 19, Gold Royalty Corp entered into an amended agreement with a banking syndicate to upsize its existing credit facility to $150 million. The secured line totals $125 million with a $25 million accordion feature, and bears interest at 2.25%–3.25%, reducing the company’s funding costs.
2. Record Fourth-Quarter and Full-Year Revenues
In Q4 2025, Gold Royalty achieved revenue of $5.2 million, a 37% increase driven by 1,255 gold equivalent ounces. Full-year revenue rose 38% to a record $17.7 million, powered by strong performance across its diversified royalty and streaming portfolio despite transitional operations at the Vares mine.
3. Strategic Growth Positioning
According to CFO Andrew Gubbels, the expanded facility strengthens the company’s balance sheet, lowers cost of capital, and supports future acquisitions. The enhanced liquidity positions Gold Royalty to pursue new royalty and streaming opportunities efficiently and accelerate its growth strategy.