Gold Royalty achieved record 1Q26 financial performance with operating revenue of $7.2 million and total revenue, land agreement proceeds and interest of $9.36 million. The company delivered 1,920 gold equivalent ounces and generated adjusted EBITDA of $7.0 million, a 318% increase over 1Q25, with net income of $1.77 million.

At quarter end, Gold Royalty held $13.6 million in cash, carried zero debt and maintained a fully undrawn $150 million credit facility, including a $25 million accordion feature. On an annualized basis, first quarter production already exceeds the low end of the 7,500–9,300 GEOs guidance, with output expected to be weighted toward the second half of the year.

John Griffith, previously Chief Development Officer, has been promoted to President to reflect his leadership contributions over five years. Effective July 1, Vice President Capital Markets Jackie Przybylowski will also assume sustainability responsibilities, succeeding Katherine Arblaster who is transitioning out of the role.

At the Borborema Mine, partner Aura Minerals reported 17,101 GEOs in 1Q26, a 9% increase from the prior quarter following an updated technical report. Discovery Silver’s Porcupine operations at Borden extended mineralization beyond the Main Zone, while Agnico Eagle advanced ramp and Shaft #1 depths at the Canadian Malartic/Odyssey Mine to 1,151m and 1,514m, respectively.