Gold Royalty : Corporate Presentation - Q1 2026 Results

Published: 2026-05-07 11:16:10 ET GROY

Published on 05/07/2026 at 11:16 am EDT

David Garofalo

Chairman and CEO

John Griffith

President

Andrew Gubbels

Chief Financial Officer

Jackie Przybylowski

Vice President, Capital Markets & Sustainability

goldroyalty.com / NYSE: GROY 3

Five-Year Outlook

We Expect Significant Growth Over the Next Five Years

Attributable Gold Equivalent Ounces to GROY

Low Risk Growth:

Low execution risk: Over 70% of our growth to 2030 comes from assets which are already permitted and built, at least to a first phase; over 90% including satellite deposits

Fully paid in our portfolio: no capital calls or future milestone payments

- Top global mining jurisdictions

- Experienced and well-funded

operators

28,000-34,000

7,500-9,300

5,462 5,173

2,703

4

2023 2024 2025 2026 2027 2028 2029 2030

goldroyalty.com / NYSE: GROY

2026 guidance assumes gold price $5,150/oz and copper price $5.75/lb; 2030 outlook assumes gold price $3,500/oz and copper price $5.00/lb. 2030 outlook includes approx. 600 GEOs of contractual Land Agreement Proceeds and interest based on payments expected under existing contracts.

Record Revenue, Record Positive Adjusted EBITDA

Record $9.4 million in Total Revenue, Land Agreement Proceeds and Interest* (1,920 GEOs*)

Record Adjusted EBITDA* of $7.0 million, over 300% higher than Q1 2025

On Track to Meet Guidance

Q1 result 1,920 GEO is on track to meet 2026 guidance 7,500 - 9,300 GEOs

Production more heavily weighted towards second-half of the year

Strong Balance Sheet

$13.6 million of cash

Debt free

5

Undrawn $150 million credit facility, inclusive of $25 million accordion

goldroyalty.com / NYSE: GROY

* Total Revenue, Land Agreement Proceeds and Interest, GEOs, and Adjusted EBITDA are non-IFRS measures and should not be considered in isolation or as a substitute for analysis of the Company's results under IFRS. See "Non-IFRS Measures" on slide 2.

Significant Progress on Key Assets in the Quarter

Granite Creek1 - 10% NPI

Operator: i-80 Gold Corp.

Location: Nevada

Complete recapitalization announced March 2025

i-80 is now fully funded for phases 1 and 2 of its development plan: underground projects (Granite Creek, Archimedes, Cove), open pit oxide project (Granite Creek), and refurbishment and commissioning of centralized Lone Tree processing plant

Phases 1 and 2 are expected to increase i-80 average annual production to 300,000-400,000 oz gold in 2031, from less than 50,000 oz gold currently

Pedra Branca2 - 25% NSR on gold + 2% NSR on copper

Operator: CoreX Holding

Location: Brazil

Acquisition from BHP to CoreX completed April 2, 2026

Whistler3 - 1% NSR

Operator: US GoldMining

Location: Alaska

PEA reported and filed

Study envisions annual production of 345,000 GEO over the first three years. Life of mine average annual production of 246,000 GEO over the initial 14.6 year mine life

1) Source: Based on i-80 Gold Corp. March 24, 2026 press release

goldroyalty.com / NYSE: GROY 2) Source: Based on BHP operational review for the nine months ended March 31, 2026 6

3) Source: Based on US GoldMining March 23, 2026 press release

Why Invest in Gold Royalty?

FREE CASH FLOW INFLECTION

Positive free cash flow first achieved in Q2/25; poised for strong growth

Strengthened balance sheet: Gold Royalty in a positive net cash position December 2025

LOW-RISK EXPOSURE TO GOLD

Cornerstone royalties on Tier 1, long life assets operated by premier mining companies in low-risk jurisdictions

Limited capital cost inflation risk

Limited operating cost inflation risk

CATALYST-RICH GROWTH

Peer-leading growth

Low project execution risk

Long-term optionality

EXPERIENCED MANAGEMENT TEAM AND BOARD

Over 400 years of collective experience with wide breadth of expertise and strong connectivity throughout the industry

Royalty model is scalable with existing team

goldroyalty.com / NYSE: GROY 7

Email: [email protected]

Telephone: +1 (833) 396-3066

Address: 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 Canada

Disclaimer

Gold Royalty Corp. published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 15:15 UTC.