Gold Royalty Corp. is a gold-focused royalty and streaming company. Q2 2026 (quarter ended 30 Jun 2026) revenue rose ~76% year-over-year to US$6.7 million, with net income turning positive at US$1.8 million, adjusted EBITDA up 137% to US$5.6 million, and operating cash flow of US$3.7 million; six-month 2026 revenue more than doubled year-over-year with gold-equivalent ounces up over 40%. Results were released 5 Aug 2026 alongside an acquisition of additional net-smelter-return royalties (~US$0.8M). The company ended the quarter with over US$11.3 million of cash, no debt, and a fully undrawn US$150 million credit facility (inclusive of a US$25 million accordion feature). David Garofalo is Chairman and CEO; Andrew Gubbels is Chief Financial Officer.
Jurisdiction (40%, counts 100% here)9/10
US-domiciled royalty company; the rating reflects its home jurisdiction rather than any single mine.
Infrastructure (40%)Not scored
A royalty/streaming company holds interests in other operators' mines rather than building its own, so a flagship infrastructure checklist isn't scored for it.
Nearby producing mine (20%)Not scored
Not scored for a royalty/streaming company, which doesn't build or run a mine of its own.
Your Rankings
Gold Royalty Corp. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.
| Asset | Commodity | Interest | Rate / price | Stage | Next Production |
|---|---|---|---|---|---|
Canadian Malartic (surface + Odyssey underground, combined NSR) Agnico Eagle · Canada | Gold | Royalty NSR | — | Production | — |
Odyssey (underground expansion) Agnico Eagle · Canada | Gold | Royalty NSR | 3% | — | Ramp-up production began Mar 2026 (ongoing) |
Côté Gold IAMGOLD · Canada | Gold | Royalty NSR | 0.75% | Production | — |
Borborema Aura Minerals · Brazil | Gold | Royalty NSR | 2% | Production | — |
Goldstrike (REN) Nevada Gold Mines · USA | Gold | Royalty NSR/NPI | — | — | — |
Vareš DPM Metals · Bosnia | Copper | Stream | 100% Cu stream, ongoing payments at 30% of spot Cu price | Production | — |
Pedra Branca Aura Minerals-linked · Brazil | Gold | Royalty | — | Production | — |
Management Team
Chairman, Chief Executive Officer and President of Gold Royalty Corp. since Aug 2020. Named 'Mining Person of the Year' by The Northern Miner (2012) and Canada's 'CFO of the Year' by Financial Executives International Canada (2009). Career: President and CEO, Goldcorp Inc. (2015-2019), through its US$32 billion merger with Newmont Corporation -- the largest merger in gold-mining history; President and CEO, Hudbay Minerals Inc. (2010-2015), presiding over its emergence as a leading metals producer; SVP Finance and CFO, Agnico Eagle Mines Limited (1998-2010); Treasurer and various finance roles, Inmet Mining Corporation (1990-1998). Bachelor of Commerce, University of Toronto; FCPA (BC); Certified Director, Institute of Corporate Directors.
Chief Financial Officer of Gold Royalty Corp. since Jan 2023. Career: Founding executive, Aris Gold Corporation (2020-2023, later renamed Aris Mining Corporation, a continuously-operating Colombia gold producer), SVP Corporate Development; Head of Investment Management, Americas, Eurasian Resources Group; Head of Americas Metals & Mining, UBS Investment Bank. Honours Bachelor of Commerce, Queen's University; Master of Finance, University of Toronto.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Tether (the stablecoin company) has been quietly building a real gold-royalty investment platform, increasing its stake in Gold Royalty Corp from 13.8% to 14.4% (and separately holding 51.4% of Elemental Altus). A specialist fund, Extract Advisors, also holds a small position.
No notable insiders tracked for this miner yet.