Overview

* Gold Royalty ( GROY ) Q3 revenue reaches record $4.1 mln, up from $2.06 mln last year

* Company reports Q3 net loss of $1.13 mln despite record revenue

* Gold Royalty ( GROY ) repaid $2 mln to revolving credit facility in Q3

Outlook

* Gold Royalty ( GROY ) plans to use cash flow to reduce debt through 2026

* Canadian Malartic/Odyssey mine production expected in H2 2026

* Vareš mine aims for 850,000 tonnes/year rate by end of 2026

Result Drivers

* NEW MINES - Record revenue driven by new mines entering production, per CEO David Garofalo

* CASH FLOW IMPROVEMENT - Positive cash flow and warrant exercises helped reduce debt and interest costs

* DEBT REDUCTION STRATEGY - Co plans to use cash from operations to de-lever through 2026

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 -$415,00

Adjusted 0

Net

Income

Q3 Net -$1.13

Income mln

Q3 Basic -$0.01

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy"

* Wall Street's median 12-month price target for Gold Royalty Corp ( GROY ) is $4.75, about 28.6% above its November 5 closing price of $3.39

* The stock recently traded at 269 times the next 12-month earnings vs. a P/E of 750 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)