Gold Royalty Reports $9.4M Q1 Revenue and 162% GEO Growth
Gold Royalty posted record Q1 2026 total revenue of $9.4 million and royalty revenue of $7.2 million, with 1,920 GEOs representing a 162% year-over-year and 80% quarter-over-quarter increase. The company kept 2026 guidance at 7,500–9,300 GEOs, expecting run rate at Vareš and ramp-up at County Line to bolster second-half output.
1. Record Preliminary Q1 Results
Gold Royalty achieved a record first quarter with total revenue, land agreement proceeds and interest of $9.4 million and royalty revenue of $7.2 million. Production reached 1,920 gold equivalent ounces (GEOs), marking a 162% increase year-over-year and an 80% rise compared to Q4 2025.
2. 2026 Production Guidance Remains Intact
The company reaffirmed its full-year 2026 GEO guidance of 7,500–9,300, anticipating a heavier second-half weighting. The Vareš mine is projected to hit its 850,000 tonnes per annum run rate and Fortitude Gold’s County Line mine continues ramping after starting operations in January.
3. Upcoming Financial Release and Investor Events
Gold Royalty will issue full Q1 2026 financial and operating results on May 6, with a conference call on May 7 at 11:00 a.m. ET. The firm’s capital markets day is scheduled for June 18 in Toronto and online, offering deeper insights into operations and growth strategy.