Gold Royalty Corp. (NYSE:GROY) Q2 2025 Earnings Conference Call August 7, 2025 10:00 AM ET
Company Participants
Andrew W. Gubbels – Chief Financial Officer
David A. Garofalo – CEO, President & Chairman
Jackie Przybylowski – Vice President of Capital Markets
Peter Behncke – Director of Corporate Development & Investor Relations
Conference Call Participants
Eric Winmill – Scotiabank Global Banking and Markets, Research Division
John H. Bair – Ascend Wealth Advisors, LLC
Operator
Good day, everyone, and welcome to the Gold Royalty Corp. Second Quarter 2025 Results Conference Call.
[Operator Instructions] Please also note today’s event is being recorded. At this time, I would like to turn the conference call over to David Garofalo, Chair and CEO. Sir, please go ahead.
David A. Garofalo
Thank you, operator. Good morning, ladies and gentlemen, and thank you for participating in today’s call to review our second quarter 2025 results.
Please note, for those not currently on the webcast, a presentation accompanying this conference call is available on the Presentation page of our website.
Some of the commentary on today’s call will include forward-looking statements, and I would direct everyone to review Slide 2 of the presentation, which includes important cautionary notes.
Speaking alongside me on today’s call will be Andrew Gubbels, Chief Financial Officer; and Jackie Przybylowski, Vice President, Capital Markets.
We are proud to report that this quarter, we have firmly reached our inflection point, achieving positive free cash flow and another record quarterly revenue, adjusted EBITDA and operating cash flow. We also continue to expect steady improvement over the coming quarters through the successful ramp-ups of several of our key assets, including Vareš, which achieved commercial production on July 1; Côté, which announced on June 23 that had reached its steady-state run rate; and Borborema, which started operations on March 28 and continues to progress towards commercial production later this year.
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