Cote Gold was Gold Royalty’s largest revenue line in fiscal 2025, bringing in $4.23M of $15.61M (27%).
| Classes of property, plant and equipment [axis] | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Cote Gold | — | — | $1.15M | $4.23M | |
| Vares | — | — | $893.00K | $3.22M | |
| Borborema | — | $74.00K | $2.46M | $3.63M | |
| Others | $1.05M | $1.31M | $1.96M | $1.97M | |
| Cozamin | — | $438.00K | $1.16M | $1.35M | |
| Canadian Malartic | $1.13M | $709.00K | $1.86M | $218.00K | |
| Borden | $954.00K | $520.00K | $636.00K | $989.00K | |
| Jerritt Canyon | $808.00K | — | — | — | |
| Total | $3.94M | $3.05M | $10.10M | $15.61M |
Gold Royalty brought in $15.61M from its seven revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 54.5% from $10.10M in fiscal 2024. Cote Gold was the largest at $4.23M (27.1%), ahead of Borborema at $3.63M (23.3%) and Vares at $3.22M (20.7%). The other four revenue lines brought in $4.52M combined.
Compared with fiscal 2024, Cote Gold grew fastest, up 269.6% to $4.23M. Every revenue line above 2% of revenue grew.
Gold Royalty began breaking out Cote Gold in fiscal 2024, Vares in fiscal 2024, Borborema in fiscal 2023 and Cozamin in fiscal 2023. Gold Royalty stopped reporting Jerritt Canyon as a separate revenue line after fiscal 2022, when it brought in $808.00K.
Foreign Countries was Gold Royalty’s largest region in fiscal 2025, bringing in $10.17M of $15.61M (65%).
| Geography | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Foreign Countries | $1.86M | $1.82M | $6.47M | $10.17M |
| Canada | $2.09M | $1.23M | $3.64M | $5.44M |
| Total | $3.94M | $3.05M | $10.10M | $15.61M |
Gold Royalty brought in $15.61M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 54.5% from $10.10M in fiscal 2024. Foreign Countries was the largest at $10.17M (65.2%), ahead of Canada at $5.44M (34.8%).
Compared with fiscal 2024, Foreign Countries grew 57.3% to $10.17M and Canada grew 49.6% to $5.44M. From fiscal 2022 to 2025, combined revenue from these regions grew from $3.94M to $15.61M, a compound annual growth rate of 58.2%. Foreign Countries' share of the total rose from 47.1% to 65.2%.
Gold Royalty (GROY) reports its revenue by classes of property, plant and equipment [axis] and by geography. In fiscal 2025, Cote Gold was its largest revenue line, bringing in $4.23M (27.1% of the total), followed by Borborema at $3.63M (23.3%).
Cote Gold was Gold Royalty's largest revenue line in fiscal 2025, bringing in $4.23M, or 27.1% of the $15.61M total across its seven revenue lines.
Foreign Countries was Gold Royalty's largest region in fiscal 2025, bringing in $10.17M, or 65.2% of the $15.61M total across its two regions.
Among Gold Royalty's revenue lines that make up at least 2% of revenue, Cote Gold grew fastest in fiscal 2025, up 269.6% from $1.15M to $4.23M.
Every figure comes from Gold Royalty's annual financial filings, as reported. Each line keeps the name Gold Royalty gives it, and years follow its fiscal calendar.
Gold Royalty's revenue by classes of property, plant and equipment [axis] goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.