GoldMining Inc. Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto

Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Gold Royalty (NYSE American: GROY), Gold Royalty Corp., one of the fastest-growing gold royalty companies, will be attending the Red Cloud Fall Mining Showcase, is pleased to announce that it will present at Red Cloud's Fall Mining Showcase 2025. Shareholders and interested parties are invited to attend the event and learn more about the company’s latest developments.

The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel on November 4 & 5, 2025, bringing together investors, mining companies and industry leaders.

John Griffith, Chief Development Officer, will be presenting on November 4th at 11:20 am Eastern Standard time.

For the latest agenda and to register for the conference visit:

https://redcloudfs.com/fallminingshowcase2025/

We look forward to seeing you there.

For further information:

Jackie Przybylowski

Vice President, Capital Markets

1-833-396-3066

info@goldroyalty.com

www.goldroyalty.com

About Gold Royalty

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Our diversified portfolio consists of over 250 royalties located in mining friendly jurisdictions throughout the Americas. This provides investors with lower risk exposure to gold with free exploration upside on the underlying projects.

VANCOUVER, BC, Oct. 23, 2025 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce its preliminary results for the third quarter of 2025, and details of its related quarterly filings and related earnings call. All amounts are expressed in U.S. dollars.

Preliminary Third Quarter 2025 Results

Gold Royalty has achieved record revenue and Total Revenue, Land Agreement Proceeds and Interest* for the third quarter of 2025. Total Revenue, Land Agreement Proceeds and Interest* in the third quarter of 2025 increased by approximately 76% to $4.6 million (revenue of $4.1 million) from the third quarter of 2024, equating to 1,323 gold equivalent ounces ("GEOs")*. For the first nine months of 2025, Total Revenue, Land Agreement and Proceeds and Interest also increased by 40% from the same period in 2024 to a record $12.6 million (revenue of $11.1 million), equating to 3,918 GEOs.

David Garofalo, Chairman and CEO of Gold Royalty, commented: "The record-breaking third quarter has continued to crystallize our peer-leading revenue growth from an increasingly diverse portfolio of cash-flowing royalties and streams, including the continued ramp up of new large-scale, long-life mines at Côté, Vareš and Borborema. In addition, another quarter of positive free cash flow has allowed us to reduce debt, and we remain on track to be essentially debt free by the end of 2026."

Strong cash flows were driven by the operating performances from our royalty interests in Borden (Porcupine Operations), Borborema, Côté and Cozamin, and a rapidly improving gold price. While the new Vareš mine has delivered meaningful copper revenue to Gold Royalty to date in 2025, the transition to new owner DPM Metals will see a focus on intensified underground development in the short-term to deliver stronger production by the second half of 2026 and beyond. As a result, the Company currently expects total 2025 GEOs around or modestly below the bottom of the 2025 guidance range of 5,700 - 7,000 ounces. The combined effect of an improved gold price in 2025 and Gold Royalty's exposure to primarily NSR royalties, which have no costs associated with higher gold prices, is expected to generate record-level cash flows in 2025, marking very significant revenue growth from 2024.

* Total Revenue, Land Agreement Proceeds and Interest and GEOs are each non-IFRS financial measures. See "Non-IFRS Measures" below.

Third Quarter 2025 Results and Webcast Details

Gold Royalty plans to release its financial and operating results for the quarter ending September 30, 2025, after-market on Wednesday, November 5, 2025.

A conference call will be held at 11:00 a.m. EST (8:00 a.m. PST) on Thursday, November 6, 2025, to discuss these results. To participate, please use one of the following methods:

Webcast: Click Here

USA (toll-free): 1-833-890-3060

Canada (toll-free): 1-855-669-9657

International: 1-412-206-6408

The third quarter 2025 results presentation will be available on Gold Royalty's website at www.goldroyalty.com and a replay of the event will be available following the presentation.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Forward-Looking Statements:

Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: expectations regarding the Company's royalty and stream interests, commodities prices and outlook for 2025. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2024 and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Non-IFRS Measures

We have included, in this document, certain performance measures, including: (i) Total Revenue, Land Agreement Proceeds and Interest; and (ii) GEOs which are each non-IFRS measures. The presentation of such non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently.

Total Revenue, Land Agreement Proceeds and Interest

Total Revenue, Land Agreement Proceeds and Interest are determined by adding land agreement proceeds credited against other mineral interests and interests earned on gold-linked loan to total revenue. We have included this information as management believes certain investors use this information to evaluate our performance in comparison to other gold royalty companies in the precious metal mining industry.

The following is a reconciliation of Total Revenue, Land Agreement Proceeds and Interest to total revenue for the three months ended September 30, 2025 and 2024, respectively:

 
                          For the three months    For the nine months 
                                  ended                  ended 
                              September 30            September 30 
                         ----------------------  --------------------- 
                            2025        2024        2025       2024 
(in thousands of 
dollars)                    ($)         ($)         ($)         ($) 
----------------------   ----------  ----------  ----------  --------- 
Royalty                       1,635       1,172       4,732      3,177 
Streaming                     1,212          --       2,416         -- 
Advance minimum royalty 
 and pre-production 
 royalty                      1,099         807       3,054      2,250 
Land agreement proceeds         212         335       1,244      2,788 
Interest income 
 credited against 
 gold-linked loan               415         287       1,116        786 
                         ----------  ----------  ----------  --------- 
Total Revenue, Land 
 Agreement Proceeds and 
 Interest                     4,573       2,601      12,562      9,001 
Land agreement proceeds 
 credited against other 
 mineral interests             (10)       (254)       (337)    (1,467) 
Interest income 
 credited against 
 gold-linked loan             (415)       (287)     (1,116)      (786) 
                         ----------  ----------  ----------  --------- 
Revenue                       4,148       2,060      11,109      6,748 
                         ==========  ==========  ==========  ========= 
 

GEOs GEOs are determined by dividing Total Revenue, Land Agreement Proceeds and Interest by the average gold prices for the applicable period:

 
                                                        Total 
                                                       Revenue, 
                                                         Land 
                                                      Agreement 
(in thousands of dollars, except      Average Gold   Proceeds and 
Average Gold Price/oz and GEOs)         Price/oz       Interest    GEOs 
-----------------------------------   ------------  -------------  ----- 
For the three months ended 
 September 30, 2024                          2,475          2,601  1,051 
For the three months ended 
 September 30, 2025                          3,456          4,573  1,323 
For the nine months ended 
 September 30, 2024                          2,241          9,001  4,017 
For the nine months ended 
 September 30, 2025                          3,206         12,562  3,918 
 

View original content:https://www.prnewswire.com/news-releases/gold-royalty-reports-record-quarterly-and-year-to-date-revenue-302593079.html

SOURCE Gold Royalty Corp.

By Adriano Marchese

GoldMining shares rose after the Canadian miner said it has discovered four new gold prospects near one of its existing deposits in Brazil.

Shares rose 8.4% to 2.33 Canadian dollars.

The Vancouver, British Columbia, company said on Monday that the discovery is part of its 2025 exploration program to test for new targets outside of the known areas of mineralization at its Sao Jorge project.

The initial assay results show at least four new zones of deposits that have never previously been drilled, each about one kilometer away from previously known deposits.

GoldMining said it is well positioned for follow-up drilling to better define and quantify additional near-surface mineralization.

Write to Adriano Marchese at adriano.marchese@wsj.com

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
TRX Gold                     TRX      1.11     0.24     27.59       599,787 
Eastern Platinum             ELR      0.37     0.07     21.31       739,060 
Generation Mining           GENM      0.78     0.13     20.00     1,804,335 
Prairie Provident Rscs       PPR      0.03     0.01     20.00        81,250 
Nouveau Monde Graphite       NOU      4.96     0.69     16.16       235,847 
Fury Gold Mines             FURY      0.99     0.13     15.12       280,493 
Bitfarms                    BITF      5.58     0.73     15.05    15,472,182 
Star Diamond                DIAM      0.04     0.01     14.29        96,454 
GoldMining                  GOLD      2.25     0.28     14.21     3,124,922 
Intl Tower Hill Mines        ITH      2.96     0.36     13.85       153,770 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Else Nutrition Holdings     BABY     0.015    -0.01    -25.00       213,410 
Helix BioPharma              HBP      3.93    -1.07    -21.40        18,329 
Vertiqal Studios            VRTS      0.02    -0.01    -20.00     2,005,409 
Appili Therapeutics         APLI     0.025    -0.01    -16.67       151,501 
Charlotte's Web Holdings    CWEB     0.245    -0.03     -9.26       147,291 
VIQ Solutions                VQS     0.185    -0.02     -7.50        32,732 
Satellos Bioscience         MSCL      0.77    -0.06     -7.23       246,401 
Titan Mining                  TI      2.47    -0.18     -6.79       592,764 
Neo Performance Materials    NEO     20.95    -1.40     -6.26       284,290 
Avicanna                    AVCN      0.26    -0.02     -5.45        34,509 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

VANCOUVER, BC, Oct. 1, 2025 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it recently added the 250(th) asset to its portfolio with the sale of the Spanish Moon Project ("Spanish Moon") to Kinross Gold Corporation ("Kinross"), retaining a 3% net smelter return royalty ("NSR"). Spanish Moon, an early-stage exploration project, is proximate to Kinross' Round Mountain Mine in Nevada, USA, a Tier 1 jurisdiction in which Gold Royalty already has a strong concentration of assets.

David Garofalo, Chairman and CEO of Gold Royalty, commented: "The impressive growth that we have achieved, from 18 royalties at our March 2021 IPO to 250 royalties and streams today comes from our four unique pillars of growth, each contributing to our portfolio throughout the company's history. We have provided royalty or stream financing directly to operators, we have purchased royalty and stream assets through third parties such as mining companies and prospectors, we have acquired established royalty companies including Ely Gold, Golden Valley, and Abitibi Royalties, and our prospecting team generates royalties in-house through our royalty generator model.

Today we want to highlight our royalty generator model, as it has created our milestone 250(th) asset — at minimal cost to Gold Royalty. Our diversified portfolio provides peer-leading revenue growth, including the expected 367% gold equivalent ounce ("GEO") growth by 2029* and long-dated optionality into the next decade and beyond."

Gold Royalty's generator model has generated 51 royalties since the acquisition of Ely Gold Royalties Inc. in 2021. We currently have 36 properties subject to land agreements and six properties under lease generating land agreement proceeds. The model continues to incur low operating costs with minimal expenditure on maintaining the underlying mineral interests in the first half of 2025.

Asset Updates

Gold Royalty is also pleased with recent positive progress from operating companies on assets on which it holds royalties or streams:

• Borborema (2% NSR) -- On September 23, 2025, Aura Minerals announced commercial production at Borborema. It also disclosed that the Borborema mill is operating above 80% of design capacity and gold recoveries are consistently above 90%.
• County Line (3% NSR) -- Fortitude Gold announced on September 30, 2025 that it received all approvals from the Bureau of Land Management and the Nevada Division of Environmental Protection to construct and operate the County Line open pit gold project, a brownfield expansion of the operating Isabella Pearl mine. Gold Royalty's County Line royalty claims were also initially generated through its successful generator model.
• Granite Creek (10% NPI) -- i-80 Gold disclosed six holes from its infill drill program on September 10, 2025. Drill results continue to show robust high-grade mineralization throughout the South Pacific Zone and suggest that the deposit has the potential to expand to the north and at depth. This program aims to convert mineral resources from inferred to indicated category and form the basis for the upcoming Granite Creek Underground feasibility study, planned for completion in the first quarter of 2026.
• Tonopah West (3% NSR) -- Blackrock Silver announced an updated mineral resource estimate for the Tonopah West project on September 8, 2025 including estimates of 1.33 Mt grading 493 g/t AgEq for 21.1 Moz silver equivalent contained in indicated resources, and 5.14 Mt grading 525.9 g/t AgEq for 86.88 Moz silver equivalent contained in inferred resources. It stated that silver and gold mineralization at Tonopah West remains open to the northwest, east and internally between the main bodies of mineralization, and at depth.
• Vare š (100% copper stream): DPM Metals (formerly Dundee Precious Metals) announced the completion of its previously-announced acquisition of Adriatic Metals Plc, previous operator of the Vareš mine, on September 3, 2025. DPM disclosed that it will leverage its expertise in underground mining, its regional presence, successful track record of operations, optimization and project management, and its strong financial position to further optimize and realize Vareš' full potential.

* See press release dated March 20, 2025 for further information. Total GEOs are determined by dividing Total Revenue, Land Agreement Proceeds and Interest by average gold prices for the applicable period. Total GEOs and Total Revenue, Land Agreement Proceeds and Interest are Non-IFRS measures, which do not have any standardized meaning prescribed by International Financial Reporting Standards. For further information please see the Company's Management's Discussion and Analysis for the three and six months ended June 30, 2025.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Qualified Person

Alastair Still, P.Geo., Director of Technical Services of the Company, is a "qualified person" as such term is defined under Canadian National Instrument 43-101 ("NI 43-101") and has reviewed and approved the technical information disclosed in this news release.

Notice to Investors

For further information regarding the project updates regarding properties underlying the Company's royalties, stream and other interests, please refer to the disclosures of the operators thereof, including those referenced herein. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this news release, including any references to mineral resources or mineral reserves, was prepared by the project operators in accordance with Canadian National Instrument 43-101, which differs significantly from the requirements of the U.S. Securities and Exchange Commission applicable to domestic issuers. Accordingly, the scientific and technical information contained or referenced in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.

Outlooks presented herein are including forecasted GEOs, is based on the public forecasts, expected development timelines and other disclosure by the owners and operators of the properties underlying our interests and our assessment thereof.

Forward-Looking Statements:

Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: estimated future GEOs, statements regarding the Company's strategy and business plan, and expectations regarding the operations and/or development of the projects underlying the Company's royalties, stream and other interests, including the estimates of the operators thereof their timing and ability to achieve production; and expectations regarding the Company's growth and statements regarding the Company's plans and strategies. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's interests, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalties, stream and other interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2024, and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify

(16:00 GMT) Gold Royalty Price Target Raised to $3.30/Share From $2.80 by Scotiabank