Gold Royalty Corp. (GROY) Earnings Call Transcripts
Gold Royalty Corp.'s Latest Earnings Call - June 18, 2026
In the second quarter of 2026, Gold Royalty Corp. (GROY:US) reported significant progress, achieving a revenue of approximately $35 million, driven by a robust growth trajectory in gold equivalent ounces (GEOs). Management highlighted a 60% year-over-year growth forecast for 2026, with production guidance set between 7,500 and 9,300 GEOs. The company is now positioned to leverage its strong balance sheet, with $200 million in available capital, to pursue further acquisitions and return capital to shareholders, marking a pivotal shift from its previous growth phase to a focus on cash flow generation.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $35M (positive) |
| Production Guidance | 7,500 to 9,300 GEOs (positive) |
| Cash Position | $200M (positive) |
| Debt | $0 (positive) |
| Long-term Production Target | 28,000 to 34,000 GEOs (positive) |
| Operating Margin | N/A (positive) |
Guidance from management
Management maintained its production guidance for 2026 at 7,500 to 9,300 GEOs, indicating a strong growth trajectory. They also projected long-term production of 28,000 to 34,000 GEOs by 2030, representing a 500% increase from 2025 levels.
What management said
Hello, my name is [ Ryan Hass ]. I'm Director of Finance at Gold Royalty, and I'm here with Jerry Baughman, VP, Nevada Select, wholly owned subsidiary, of Gold Royalty based in Reno, Nevada. Jerry, maybe just to start, if you could tell us a little bit about yourself.
Well, we generate claims, mining claims and projects throughout Nevada and once we consolidate those projects with the data package, then we go out and look for people who want to do the exploration and look for more deposits.
What analysts pressed on
Analysts expressed concerns regarding the impact of fluctuating gold prices on revenue projections and the potential for operational delays in ramping up production at key assets. There were also questions about the company's ability to maintain its growth trajectory amid competitive pressures in the royalty sector.
Main topics on the call
- Revenue Growth and Guidance — Gold Royalty Corp. reported a projected revenue of over $35 million for 2026, with a production guidance of 7,500 to 9,300 GEOs, reflecting a 60% increase year-over-year. Management stated, "If we achieve the midpoint of...
- Strong Financial Position — The company emphasized its solid financial health, stating it has no debt and $200 million of dry powder available for acquisitions. Andrew Gubbels, CFO, noted, "Gold Royalty has never had such a strong financial positio...
- Acquisition Strategy — Gold Royalty is focused on acquiring cash-flowing and near-cash-flowing royalties, with recent acquisitions from BlackRock and Dundee Corporation enhancing its portfolio. John Griffith mentioned, "We remain disciplined c...
- Market Conditions and Gold Price Dynamics — Management discussed the current macroeconomic environment, highlighting the potential for gold price appreciation. David Garofalo stated, "If you buy into the thesis, the gold is really a one-way trade," suggesting a bu...
Read the full Gold Royalty Corp. transcript (June 18, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Gold Royalty Corp.
Gold Royalty Corp. (GROY) is a publicly listed company in the Metals and Mining industry, within the Materials sector. It trades on NYSEAM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 23 calls on record spanning August 18, 2022 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 23 Gold Royalty Corp. earnings call transcripts on record, spanning August 18, 2022 to August 6, 2026. Based on this history, Gold Royalty Corp. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- GROY
- Exchange
- NYSEAM
- Country
- US
- Sector
- Materials
- Industry
- Metals and Mining
- Calls on record
- 23
- First call
- August 18, 2022
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly