John Griffith

John Griffith is President and Chief Development Officer of Gold Royalty Corp. (NYSE American: GROY), a gold-focused royalty and streaming company. Royalty and streaming companies buy the right to a share of the metal produced or revenue earned from a mine without ever operating it, so revenue scales with production and metal prices while costs stay small. Griffith helped found Gold Royalty in 2020, has run its acquisition program from the start, and was appointed President in 2026 — the executive whose deals determine how quickly the portfolio converts into free cash flow.

His foundation is two decades of mining dealmaking. From 2006 to 2020 he was Managing Director and Head of Americas Metals & Mining Investment Banking at Bank of America, where the company credits him with advising on more than $60 billion of mining transactions. He left banking to help launch Gold Royalty, which listed on the NYSE American in March 2021. As Chief Development Officer he built the portfolio through deals including the 2021 acquisition of Ely Gold Royalties, which brought a large Nevada-focused royalty collection, and the US$70 million purchase of the royalty on the Pedra Branca mine in Brazil in December 2025, funded by a concurrent equity financing.

The results are becoming visible. Gold Royalty recorded its first positive free cash flow in the second quarter of 2025 and record annual revenue for 2025, and its five-year outlook calls for 28,000 to 34,000 gold equivalent ounces (GEOs — output from other metals converted into ounces of gold at a price-based ratio) by 2030, more than 490% above the 2025 base. In a 2026 interview, Griffith put free cash flow at roughly $100 million a year by the end of the decade at spot prices (current market prices), with general and administrative costs held near $8 million.

His method favors royalties with two kinds of upside. He has described looking for 'leverage to not only the gold price, but to the exploration and expansion potential of the deposits that we acquire' — a royalty grows if the operator discovers more or expands the mine. On 2026 earnings calls he has been direct that competition for larger royalties with near-term cash flow has been robust and weighs on implied returns, so the company stays selective; he has also said the balance sheet can support acquisitions of $200 million or more. The company's origins in the GoldMining Inc. family remain part of the deal pipeline, as with the additional Borborema royalty acquired in January 2026.

For investors, following Griffith is a way to watch how a small royalty company prices deals, funds them without stretching the balance sheet, and builds exposure to a rising gold market. Since July 1, 2026 he has served as President as well as Chief Development Officer, with growth through acquisition at the center of the job. He previously served on the board of directors of Uranium Royalty Corp., adding a second royalty-sector vantage point.