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<!-- DFIN New ActiveDisclosure (SM) XBRL Linkbase Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date :2022-12-23T17:29:08.8119+00:00 -->
<!-- Copyright (c) 2022 Donnelly Financial Solutions, Inc. All Rights Reserved. -->
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain"/>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber"/>
    <link:loc xlink:type="locator" xlink:href="groy-20220930.xsd#groy_ValDOrMiningCorpMember" xlink:label="groy_ValDOrMiningCorpMember"/>
    <link:loc xlink:type="locator" xlink:href="groy-20220930.xsd#groy_PercentageOfMineralInterestDisposedInExchangeOfRoyaltyInterest" xlink:label="groy_PercentageOfMineralInterestDisposedInExchangeOfRoyaltyInterest"/>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income taxes</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsDisposal_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interests, Disposal.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Royalties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance at September 30, 2022</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Royalties_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at October 1, 2021</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Royalties_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at September 30, 2022</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Royalties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Royalties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity's total for business combinations [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltiesAndOtherMineralInterestsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalties and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltiesAndOtherMineralInterestsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalties and Other Mineral Interests Recognised as of Acquisition Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltiesAndOtherMineralInterestsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalties and other mineral interests recognised as of acquisition date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about financial instruments [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesIssuedUnderInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of shares issued under initial public offering</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesIssuedUnderInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Shares Issued UnderInitial Public Offering.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorLocation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Location</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyPercentageOwnDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Percentage Own Description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyPercentageOwnDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty Percentage Own Description.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Types of share-based payment arrangements [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AnnualInformationForm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Annual Information Form</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amounts payable, related party transactions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise Price Range 4 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise Price Range Four [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exercise price range four.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash Payments On or Before January 14, 2023 [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Not later than one year [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_HogRanchProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hog Ranch Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_HogRanchProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Hog Ranch Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToAcquireSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued to acquire, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToAcquireSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued to acquire subsidiaries, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IssuedCapitalShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Issued capital, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IssuedCapitalShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Issued capital, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Current liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total current liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of warrants exercised</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsExercised_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Warrants Exercised.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Equity_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total equity</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Equity_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Equity_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Equity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Default Label]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldMiningIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gold Mining Inc [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldMiningIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gold Mining Inc.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceConditionOneDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance condition one, description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceConditionOneDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Performance condition one description.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PaymentFromCashConsideration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment from cash consideration</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PaymentFromCashConsideration_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment from cash consideration.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IssueOfEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Issued capital</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetSmelterReturnRoyaltyBuybackRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net smelter return royalty buyback rights percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetSmelterReturnRoyaltyBuybackRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Smelter Return Royalty Buyback Rights Percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetSmelterReturnRoyaltyBuybackRightsPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net smelter return royalty buyback rights percentage.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRoyalty_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment of royalty</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRoyalty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss, royalty</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossRoyalty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss, royalty.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of associates [line items]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ranges of exercise prices for outstanding share options [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Golden Valley Shareholders [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Golden Valley Shareholders [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Pre-commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CountryRegion_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Country Region</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfExpectedLifeShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expected life</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfExpectedLifeShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expected life.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ArrangementTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Arrangement Type [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ArrangementTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">ArrangementTypeAxis [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ArrangementTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Arrangement Type [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Issued price per share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingPricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Initial Public Offering Price Per Share.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromCommonSharesIssuedToFormerParentCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from common shares issued to former parent company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromCommonSharesIssuedToFormerParentCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from common shares issued to former parent company.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">SOFR Rate [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SOFR [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Overnight Financing Rate Sofr [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredOvernightFinancingRateSofrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Secured overnight financing rate sofr.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted Tranche Two [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options granted, tranche two.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarketableSecuritiesAcquisitionPricePerUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marketable securities acquisition price per unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarketableSecuritiesAcquisitionPricePerUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Marketable securities acquisition price per unit.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hedges [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Pre-commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentShellCompanyReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Shell Company Report</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BusinessAcquisitionSharesIssuedOrIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business acquisition, shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BusinessAcquisitionSharesIssuedOrIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Business acquisition shares issued or issuable.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Weighted average exercise price of other equity instruments outstanding in share-based payment arrangement at beginning of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Weighted average exercise price of other equity instruments outstanding in share-based payment arrangement at end of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted average exercise price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedOtherDeferredTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other deferred tax assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedOtherDeferredTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deducted temporary differences recognized other deferred tax Assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedOtherDeferredTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deducted temporary differences recognized other deferred tax Assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short-term Investment [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Short-term investment.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Reporting Standard Item Number</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyWarrantMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ely Warrant [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyWarrantMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ely Warrant [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise Price Range 1 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exercise Price Range 1 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Bank loan interest rate margin</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (Decrease) of basis point in the applicable rate of interest</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings, adjustment to interest rate basis</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deferred income tax liabilities, net</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Deferred tax liability (asset) at beginning of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Deferred tax liability (asset) at end of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net deferred tax liability (asset)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred income tax liabilities, net</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StockIssuedDuringPeriodSharesPrivatePlacement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of stock issued for private placement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StockIssuedDuringPeriodSharesPrivatePlacement_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock Issued During Period Shares Private Placement.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedForMarketingServicesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued for marketing services, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedForMarketingServicesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Stock issued for services, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedForMarketingServicesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued for marketing services, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsRecognizedInEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ely Warrants recognized in equity</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsRecognizedInEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ely Warrants recognized in equity (Note 3)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsRecognizedInEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrants recognized in equity.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise Price Range 3 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exercise Price Range 3 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDetailedInformationAboutPrepaidAndOtherReceivablesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Prepaids and Other Receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDetailedInformationAboutPrepaidAndOtherReceivablesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Detailed Information About Prepaid and Other Receivables Explanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDetailedInformationAboutPrepaidAndOtherReceivablesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of detailed information about prepaid and other receivables explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrant exercise price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrant exercise price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about property, plant and equipment [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_MaturityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maturity [axis]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalRoyaltyConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional royalty consideration transferred</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDeferredTaxesNotRecognizedExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Deductible Temporary Differences for Which No Deferred Tax Assets Recognized</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDeferredTaxesNotRecognizedExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Deductible Temporary Differences Not Recognized</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDeferredTaxesNotRecognizedExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Deferred Taxes Not Recognized Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RevenueAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of risk management strategy related to hedge accounting [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NonDepletableRoyaltiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-depletable Royalties [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NonDepletableRoyaltiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non-depletable Royalties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesTranslationGainLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Translation gain</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RangesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ranges [member]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TotalGrossProceedsFromIpo1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gross proceeds</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Financial Instruments</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exploration and evaluation assets</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceConditionThreeDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance condition three, description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceConditionThreeDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Performance condition three description.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCountry_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Country</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ReclamationBondRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclamation bond</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ReclamationBondRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reclamation Bond Recognised As Of Acquisition Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ReclamationBondRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Reclamation bond recognised as of acquisition date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherNoncurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other long-term assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial instruments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instruments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-current portion of lease obligation</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DilutionGainInAssociate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dilution gain in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DilutionGainInAssociate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dilution gain in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DilutionGainInAssociate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dilution gain in associate.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SalariesWagesAndBenefits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Salaries, wages and benefits</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SalariesWagesAndBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Salaries, wages and benefits</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SalariesWagesAndBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Salaries, Wages and Benefits</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SalariesWagesAndBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Salaries, wages and benefits.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Revenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Revenue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty and option income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Revenue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total revenue</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net cash flows from (used in) financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash provided by financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash flows from (used in) financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfSignificantAccountingPolicyJudgmentsAndSourcesOfEstimationUncertaintyExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Significant accounting policy judgments and sources of estimation uncertainty</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfSignificantAccountingPolicyJudgmentsAndSourcesOfEstimationUncertaintyExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Description Of Significant Accounting Policy Judgments And Sources Of Estimation Uncertainty Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of financial position [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfIncomeTaxAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Income Tax [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfIncomeTaxAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of income tax.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfOutstandingCommonSharesOnFirstRefusalOnRoyaltyInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of outstanding common shares on first refusal on royalty interest</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfOutstandingCommonSharesOnFirstRefusalOnRoyaltyInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Outstanding Common Shares on First Refusal on Royalty Interest</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfOutstandingCommonSharesOnFirstRefusalOnRoyaltyInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of outstanding common shares on first refusal on royalty interest.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash Payments On or Before January 14, 2025 [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Later than two years and not later than three years [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds on disposition of marketable securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from sales of investments other than investments accounted for using equity method</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Classes of share capital [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InternationalProspectVenturesLimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">International Prospect Ventures Ltd. [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InternationalProspectVenturesLimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">International Prospect Ventures Limited [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InternationalProspectVenturesLimitedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">International Prospect Ventures Limited.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Others [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Others [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Others.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalEquityInterestsTransferredByPrivatePlacementParticipation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional equity financing</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalEquityInterestsTransferredByPrivatePlacementParticipation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional equity interests transferred by private placement participation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalEquityInterestsTransferredByPrivatePlacementParticipation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional equity interests transferred by private placement participation.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EquityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total non-current assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-current assets [Default Label]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidMarketingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid marketing fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidMarketingFee_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Prepaid Marketing Fee.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Canadian Malartic Property (open pit) [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Canadian Malartic Property [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Canadian malartic property.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchaseOfInvestmentInMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Investment in marketable securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchaseOfInvestmentInMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase of investment in marketable securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchaseOfInvestmentInMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase of investment in marketable securities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyOptionPaymentsOther_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Option payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyOptionPaymentsOther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyOptionPaymentsOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Option Payments Other</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyOptionPaymentsOther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty option payments other.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Payment of lease obligations</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of lease liabilities, classified as financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PaymentsOfLeaseLiabilitiesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payment of lease obligations</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PaymentsOfLeaseLiabilitiesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments of lease liabilities, classified as investing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PaymentsOfLeaseLiabilitiesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments of lease liabilities, classified as investing activities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marketable securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Assets Marketable Securities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Short-term investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_FinancialAssetsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value investment of acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenCarlineMineNpiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">REN - Carline Mines (NPI)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenCarlineMineNpiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">REN Carline Mine NPI [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenCarlineMineNpiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">REN Carline Mine NPI.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsMaterialToEntityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of intangible assets material to entity [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LiquidityRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liquidity risk [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsiderationReceivedOrReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consideration received/receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsiderationReceivedOrReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consideration Received or Receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsiderationReceivedOrReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Consideration received or receivable.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsOtherDeferredTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other deferred tax assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsOtherDeferredTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Assets Other Deferred Tax Assets.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncreaseDecreaseMarketPricePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in market price, percentage</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Exercise Price, Granted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BusinessAcquisitionsPricePerUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Business acquisition price per unit</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueChangeDueToForeignExchangeShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value change due to foreign exchange</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Current tax expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current tax expense</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedStockUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Stock Units [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedStockUnitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted stock units [member].</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other comprehensive income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Total other comprehensive income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash and cash equivalents</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PaymentsForDebtIssueCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Less: transaction costs and fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PaymentsForDebtIssueCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for debt issue costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueChangeInWarrantLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value change in warrant liability</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueChangeInWarrantLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Change In Warrant Liability.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestPaidClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest paid, classified as financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestPaidClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Interest paid</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DispositionsShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dispositions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DispositionsShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dispositions Short-term Investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DispositionsShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Dispositions short-term investments.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Canadian federal and provincial income tax rates</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestExpenseOnBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestExpenseOnBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest expense on borrowings</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountsReceivableRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Accounts receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountsReceivableRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounts receivable.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountsReceivableRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">AccountsReceivableRecognisedAsOfAcquisitionDate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RevenueFromOptionPaymentsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RevenueFromOptionPaymentsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue from option payments received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RevenueFromOptionPaymentsReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Revenue from option payments received.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other comprehensive income, net of tax, exchange differences on translation of foreign operations</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Foreign currency translation differences</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Three [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty Three.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromOptionAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from option agreements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromOptionAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from option agreements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromOptionAgreements_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from option agreements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedPricePerUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term investments purchased price per unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedPricePerUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short-term Investments Purchased Price Per Unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedPricePerUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Short-term investments purchased price per unit.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BankLoanNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BankLoanNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bank Loan, Non-current</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BankLoanNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank loan, non-current.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value of share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CroinorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Croinor [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CroinorMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Croinor.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepletionClassifiedAsOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepletionClassifiedAsOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Depletion classified as operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash flow hedges [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net identifiable assets acquired (liabilities assumed)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net assets acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Identifiable assets acquired (liabilities assumed)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_NoTradingSymbolFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">No Trading Symbol Flag</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FenelonGoldPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fenelon Gold Property [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FenelonGoldPropertyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fenelon Gold Property [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cote [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CoteMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cote.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DefinitiveAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Definitive Agreement [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DefinitiveAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Definitive agreement.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedSharesDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted shares, description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedSharesDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Shares Description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedSharesDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted shares description.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfNotesAndOtherExplanatoryInformationExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of notes and other explanatory information [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash paid to Ely shareholders(1)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash paid on acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash consideration</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share of loss in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share of total comprehensive income of associates and joint ventures accounted for using equity method</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossOfCombinedEntity_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Consolidated pro forma net loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossOfCombinedEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) of combined entity as if combination occurred at beginning of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesOfferedUnderInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of shares offered</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesOfferedUnderInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Shares Offered Under Initial Public Offering.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CancellationOfCommonShareIssuedUponIncorporation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cancellation of common share issued upon incorporation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CancellationOfCommonShareIssuedUponIncorporation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cancellation of common share issued upon incorporation.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForOtherIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForOtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for other income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForOtherIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments for other income.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net increase (decrease) in cash and cash equivalents after effect of exchange rate changes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (decrease) in cash and cash equivalents after effect of exchange rate changes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsToPurchaseCommonSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrants To Purchase Common Shares [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfTransferableCommonSharePurchaseWarrantConsistsOfEachUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of transferable common share purchase warrant consists of each unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfTransferableCommonSharePurchaseWarrantConsistsOfEachUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Transferable Common Share Purchase Warrant Consists of Each Unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfTransferableCommonSharePurchaseWarrantConsistsOfEachUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of transferable common share purchase warrant consists of each unit.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AfterReportingEventsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">After Reporting Events [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AfterReportingEventsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">After Reporting Events [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LiabilitiesIncurred_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consideration payable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LiabilitiesIncurred_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities incurred</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IssuedCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total issued capital</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IssuedCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Issued Capital</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Extension_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Extension</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodStartDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period Start Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncomeTaxesAndGstReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income taxes and GST receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncomeTaxesAndGstReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Taxes and GST Receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncomeTaxesAndGstReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income taxes and GST receivable.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesIssuedOnAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of shares issued on acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesIssuedOnAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares issued on acquisition.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaid_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Dividends</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends recognised as distributions to owners</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaid_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividends recognised as distributions to owners</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Weighted Average Exercise Price, Beginning Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Weighted Average Exercise Price, Ending Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options Outstanding, Weighted Average Exercise Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncomeTaxRecoveryBasedOnCanadianFederalAndProvincialIncomeTaxRates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income tax recovery based on Canadian federal and provincial income tax rates</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncomeTaxRecoveryBasedOnCanadianFederalAndProvincialIncomeTaxRates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Income tax recovery based on Canadian federal and provincial income tax rates.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IsabellaPearlMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Isabella Pearl [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IsabellaPearlMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Isabella Pearl.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Options, Granted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Guaranteed Investment Certificates</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Difference in foreign tax rates</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxLiabilitiesOtherDeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other deferred tax liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxLiabilitiesOtherDeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Liabilities Other Deferred Tax Liabilities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OfficeAndTechnologyExpenses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Office and technology expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OfficeAndTechnologyExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Office and technology expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OfficeAndTechnologyExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Office and Technology Expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OfficeAndTechnologyExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Office and technology expenses.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accumulated other comprehensive income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total accumulated other comprehensive income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated other comprehensive income (loss)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CheechooProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cheechoo Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CheechooProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cheechoo project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LeaseObligationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease Obligation [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LeaseObligationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lease Obligation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Long-term investments acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase of investments other than investments accounted for using equity method</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfOutstandingCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of outstanding common shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfOutstandingCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Outstanding Common Shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfOutstandingCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of outstanding common shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsShortTermInvestmentsOfGoldenValleyAndAbitibi_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of Golden Valley and Abitibi</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsShortTermInvestmentsOfGoldenValleyAndAbitibi_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisitions Through Business Combinations Short Term Investments of Golden Valley and Abitibi</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsShortTermInvestmentsOfGoldenValleyAndAbitibi_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisitions through business combinations short term investments of Golden Valley and Abitibi.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalExercisePriceOfPerWarrantsInCash_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional exercise price of per warrants in cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalExercisePriceOfPerWarrantsInCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Additional Exercise Price of Per Warrants in Cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdditionalExercisePriceOfPerWarrantsInCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Additional exercise price of per warrants in cash.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Government loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Government Loan, Non-current</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Government loan, non-current.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAccountingStandard_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Accounting Standard</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainLossOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on loan modification</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainLossOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain Loss on Loan Modification</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainLossOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain loss on loan modification.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchaseOfRoyaltiesAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Investment in royalties and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchaseOfRoyaltiesAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase of royalties and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchaseOfRoyaltiesAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase of royalties and other mineral interests.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_UnobservableInputsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unobservable inputs [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other mineral interests owned</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other mineral interests.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AddressTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Address Type [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfContractsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Types of contracts [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash Payments On or Before January 14, 2026 [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Later than three years and not later than four years [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Government Loan [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Government Loan [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ManagementAndDirectorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management and Directors [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ManagementAndDirectorsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Management And Directors Member.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionsExercisableTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options exercisable term</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionsExercisableTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Options Exercisable Term.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and cash equivalents</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning of year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">End of year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsIssuedOnExchangeOfOptionsOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share options issued on exchange of options of Golden Valley Mines and Royalties Ltd.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsIssuedOnExchangeOfOptionsOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Issued on Exchange of Options of Subsidiaries</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsIssuedOnExchangeOfOptionsOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options issued on exchange of options of subsidiaries.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tax rate difference on fair value in marketable securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax effect from change in tax rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-adjusting events after reporting period [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilitiesRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fair value of put and call options on business combination</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilitiesRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilitiesRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilitiesRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Liabilities Recognized As Of Acquisition Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilitiesRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Derivative liabilities recognized as of acquisition date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingCommonSharesAndCommonSharePurchaseWarrantsIssuedForCashShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Initial public offering: Common shares and common share purchase warrants issued for cash, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingCommonSharesAndCommonSharePurchaseWarrantsIssuedForCashShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Initial public offering common shares and common share purchase warrants issued for cash, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_KinrossGoldCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Kinross Gold Corporation ("Kinross") [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_KinrossGoldCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Kinross Gold Corporation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_KinrossGoldCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Kinross Gold Corporation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CounterpartiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Counterparties [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loss before income taxes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net loss before income taxes for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss before income taxes for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) before tax</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RepaymentOfCashAdvanceFromParentCompany_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repayment of cash advance from parent company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RepaymentOfCashAdvanceFromParentCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repayment of cash advance from parent company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RepaymentOfCashAdvanceFromParentCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Repayment of cash advance from parent company.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BankLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bank Loan [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BankLoanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bank Loan [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OntarioAndCanadaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ontario And Canada [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OntarioAndCanadaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ontario and canada.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible assets material to entity [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative financial liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Effect of exchange rate changes on cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about borrowings [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TotalGrossProceedsFromIpo_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total gross proceeds from the IPO</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TotalGrossProceedsFromIpo_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gross proceeds from the IPO.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TotalGrossProceedsFromIpo_lbl" xlink:role="http://www.xbrl.org/2003/role/label">TotalGrossProceedsFromIpo</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of voting equity interests acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity interest invested</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialAssetsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of offsetting of financial assets [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetCapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital losses</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetCapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax asset capital losses.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAccumulatedDepletion_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel">Royalty accumulated depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAccumulatedDepletion_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel">Royalty accumulated depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAccumulatedDepletion_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Royalty accumulated depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAccumulatedDepletion_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Royalty accumulated depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAccumulatedDepletion_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty Accumulated Depletion.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAccumulatedDepletion_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty accumulated depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GrossProfit_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Gross profit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GrossProfit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Gross profit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GrossProfit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gross profit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LeaseLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lease liabilities [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCashAndCashEquivalentTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Cash and Cash Equivalents</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCashAndCashEquivalentTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of Cash and Cash Equivalent Table Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Issued capital [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionOfElyFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition of Ely (Note 3)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionOfElyFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisition of Ely at exploration for and evaluation of mineral resources.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Share-based compensation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Key management personnel compensation, share-based payment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureRoyaltiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureRoyaltiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SwansonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Swanson [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SwansonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Swanson.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other royalties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrcSharesIssuedToAbitibiAndGoldenValleyShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">GRC Shares issued to Abitibi and Golden Valley Shareholders</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrcSharesIssuedToAbitibiAndGoldenValleyShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">GRC Shares Issued To Abitibi And Golden Valley Shareholders</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrcSharesIssuedToAbitibiAndGoldenValleyShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">GRC Shares Issued To Abitibi And Golden Valley Shareholders</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfNetSmelterReturnRoyalty_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of net smelter return royalty</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfNetSmelterReturnRoyalty_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of net smelter return royalty.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WhistlerProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Whistler Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WhistlerProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Whistler project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfCommonsSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value of commons share purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfCommonsSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Of Commons Share Purchase Warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred income tax liability</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TonopahWestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tonopah West [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TonopahWestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Tonopah west.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Items not involving cash:</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaldMountainJointVentureZoneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bald Mountain Joint Venture Zone [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaldMountainJointVentureZoneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bald Mountain Joint Venture Zone [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaldMountainJointVentureZoneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bald Mountain Joint Venture Zone.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating segments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Segments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRatePerTonne_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty interest rate per tonne</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRatePerTonne_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Interest Rate Per Tonne</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRatePerTonne_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty interest rate per Tonne.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Underwriters' fees and issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Underwriters&#8217; fees and issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Underwriters&#8217; fees and issuance costs (Note 12.1)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Initial public offering underwriters' fees and issuance costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RetainedEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total retained earnings</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RetainedEarnings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated deficit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Share of loss in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share of loss in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SharePricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SharePricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share price.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of derivative financial instruments [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FenelonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fenelon [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FenelonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fenelon.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options Exercisable, Weighted Average Exercise Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidsAndOtherReceivablesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Prepaids and other receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidsAndOtherReceivablesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaids and Other Receivables Net</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidsAndOtherReceivablesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Prepaids and other receivables net.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareBasedCompensationRestrictedShareUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share-based compensation - restricted share units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareBasedCompensationRestrictedShareUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-based Compensation - Restricted Share Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareBasedCompensationRestrictedShareUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share-based compensation - restricted share units.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Prepaids_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaids</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Prepaids_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaids</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Prepaids_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Prepaids.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxLiabilitiesMineralAndRoyaltyInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Mineral and royalty interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxLiabilitiesMineralAndRoyaltyInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Liabilities Mineral And Royalty Interests.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SaoJorgeProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sao Jorge Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SaoJorgeProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sao Jorge Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted cash released</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_VzzAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">VZZ Agreement [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_VzzAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">VZZ Agreement.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Movement of Bank Loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about borrowings [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsCashAndMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisitions Through Business Combinations Cash and Marketable Securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsCashAndMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisitions Through Business Combinations Cash and Marketable Securities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Golden Valley Share [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Golden Valley Share.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrivatePlacementOfCommonSharesForCashShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Private placement of common shares for cash, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrivatePlacementOfCommonSharesForCashShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Private placement of common shares for cash, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpireBetweenTwoThousandThirtyFourAndTwoThousandThirtySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expire between 2034 and 2036 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpireBetweenTwoThousandThirtyFourAndTwoThousandThirtySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expire Between Two Thousand Thirty Four And Two Thousand Thirty Six [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpireBetweenTwoThousandThirtyFourAndTwoThousandThirtySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expire between two thousand thirty four and two thousand thirty six.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceBasedRestrictedSharesIssuedShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance based restricted shares issued, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceBasedRestrictedSharesIssuedShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Performance based restricted shares issued, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued to acquire</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Fair Value of Assets Acquired and Liabilities Assumed</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsDeemedToBeExchangedForGrcShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">1,166,389 Golden Valley share options deemed to be exchanged for GRC share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsDeemedToBeExchangedForGrcShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share options deemed to be exchanged for GRC share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsDeemedToBeExchangedForGrcShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options deemed to be exchanged for GRC share options.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued on exercise of over-allotment option</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IfrsStatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">IfrsStatementLineItems [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfRoyaltiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalties acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfRoyaltiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Royalties Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfRoyaltiesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of royalties acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonShareIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Common share issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonShareIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common Share Issuance Costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonShareIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CommonShareIssuanceCosts</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpenseFromSharebasedPaymentsTransactionsWithEmployees_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Share-based compensation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpenseFromSharebasedPaymentsTransactionsWithEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-based compensation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpenseFromSharebasedPaymentsTransactionsWithEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expense From Share based Payments Transactions With Employees.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProspectorRoyaltyCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prospector Royalty Corp. [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProspectorRoyaltyCorpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Prospector Royalty Corp Member.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LiabilitiesArisingFromFinancingActivitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities arising from financing activities [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TaxEffectNonTaxableDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-taxable dividends</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TaxEffectNonTaxableDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Non-taxable dividends</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TaxEffectNonTaxableDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Tax Effect Non-Taxable Dividends</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other comprehensive income (loss)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for depreciation expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of Options, Forfeited</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Options, Forfeited</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of share options forfeited in share-based payment arrangement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeGenerated_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and option income generated</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeGenerated_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and option income generated.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionsVestingTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options vesting terms</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionsVestingTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Options Vesting Term.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromNoncurrentBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Draw-down</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromNoncurrentBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from non-current borrowings</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfInterestRatesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Types of interest rates [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForGainLossOnDilutionOfInvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dilution gain in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForGainLossOnDilutionOfInvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dilution gain in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForGainLossOnDilutionOfInvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for gain (loss) on dilution of investments in associates</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForGainLossOnDilutionOfInvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments for gain (loss) on dilution of investments in associates.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpectedLifeShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expected life (years)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpectedLifeShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expected Life Share Options Granted.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ServiceProviderMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Service Provider [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ServiceProviderMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Service Provider.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ranges of exercise prices for outstanding share options [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRightToRepurchaseOnNetSmelterReturnPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty interest right to repurchase on net smelter return percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRightToRepurchaseOnNetSmelterReturnPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Interest Right to Repurchase on Net Smelter Return Percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRightToRepurchaseOnNetSmelterReturnPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty interest right to repurchase on net smelter return percentage.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheSixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted Tranche Six [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheSixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options granted, tranche six.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted Tranche Five [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options granted, tranche five.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCashAndCashEquivalentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Cash And Cash Equivalents [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCashAndCashEquivalentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of cash and cash equivalents.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating loss for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) from operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Shares [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ArrangementTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Arrangement Type [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ArrangementTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Arrangement type.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfExplorationAndEvaluationAssetsTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Exploration and Evaluation Assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfExplorationAndEvaluationAssetsTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of &#160;Exploration and Evaluation Assets.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MaximumSharesToBeSoldUnderEquityProgramValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum shares to be sold under equity program value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MaximumSharesToBeSoldUnderEquityProgramValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Shares to be Sold Under Equity Program Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MaximumSharesToBeSoldUnderEquityProgramValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maximum shares to be sold under equity program value.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bottom of range [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Associates [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Account Receivable [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountReceivableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounts Receivable [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, plant &amp; equipment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, plant and equipment recognised as of acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsultingFeesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consulting Fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RevenueOfCombinedEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consolidated pro forma revenue</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RevenueOfCombinedEntity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue of combined entity as if combination occurred at beginning of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetSmelterReturnRoyaltyPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net smelter return royalty percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetSmelterReturnRoyaltyPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Smelter Return Royalty Percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetSmelterReturnRoyaltyPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net smelter return royalty percentage.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis of Preparation and Significant Accounting Policies</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForIncreaseDecreaseInDueToFormerParentCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Due to former parent company</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForIncreaseDecreaseInDueToFormerParentCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">AdjustmentsForIncreaseDecreaseInDueToFormerParentCompany</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Based Awards [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Reserve [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options reserve [member].</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise Price Range 2 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exercise Price Range 2 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CapitalizedOfExplorationAndEvaluationAssetsCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Addition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CapitalizedOfExplorationAndEvaluationAssetsCost_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capitalized of exploration and evaluation assets cost.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WarrantReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrant reserve [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TopOfRangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TopOfRangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Top of range [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfOtherEquityInstrumentsGrantedInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted average exercise price of other equity instruments granted in share-based payment arrangement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ContractDurationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contract duration [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business combinations</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized foreign exchange loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EstimatedForfeitureRateMeasurementInputMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Estimated forfeiture rate [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EstimatedForfeitureRateMeasurementInputMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Estimated forfeiture rate.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Royalty and other mineral interest additions</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interest additions.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank loan</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Beaufor [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Beaufor.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MalarticMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Malartic [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MalarticMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Malartic [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MalarticMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Malartic.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WhistlerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Whistler [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WhistlerMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Whistler.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IEightyGoldCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">i-80 Gold Corp., [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IEightyGoldCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">i-eighty Gold Corporation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IEightyGoldCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">i-eighty Gold Corporation.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Warrants and Share Options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue recognition</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LaMinaProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">La Mina Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LaMinaProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">La mina project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Classes of property, plant and equipment [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of Individual [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedUponExerciseOfCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued upon exercise of common share purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedUponExerciseOfCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exercise of Ely Warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedUponExerciseOfCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued upon exercise of common share purchase warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldMiningMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">GoldMining [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldMiningMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">GoldMining.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of warrants issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfMarketableSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of marketable shares acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfMarketableSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Marketable Shares Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfMarketableSharesAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of marketable shares acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest rate risk [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpireBetweenTwoThousandThirtyFourAndTwoThousandThirtySevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expire between 2034 and 2037 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpireBetweenTwoThousandThirtyFourAndTwoThousandThirtySevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expire between 2034 and 2037.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElySharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ely Shares [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElySharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ely Shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharePurchaseWarrantsIssuedToForCashNote12.1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common share purchase warrants issued to for cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharePurchaseWarrantsIssuedToForCashNote12.1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common share purchase warrants issued to for cash (Note 12.1)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharePurchaseWarrantsIssuedToForCashNote12.1_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common share purchase warrants issued to for cash.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OverAllotmentOptionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over Allotment Option [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OverAllotmentOptionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Over-Allotment Options [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OverAllotmentOptionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Over-Allotment Options.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CancellationOfCommonShareIssuedUponIncorporationShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Cancellation of common share issued upon incorporation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CancellationOfCommonShareIssuedUponIncorporationShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cancellation of common share issued upon incorporation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CancellationOfCommonShareIssuedUponIncorporationShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cancellation of common share issued upon incorporation, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CancellationOfCommonShareIssuedUponIncorporationShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CancellationOfCommonShareIssuedUponIncorporationShares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total number of shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">issuance of common shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total comprehensive loss for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Dividends</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends paid, classified as financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdvanceMineralRoyaltyPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advance mineral royalty payment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdvanceMineralRoyaltyPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advance Mineral Royalty Payment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdvanceMineralRoyaltyPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Advance mineral royalty payment.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Option payments received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Option Payments Received From Exploration For And Evaluation Of Mineral Resources.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LongTermIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-term Incentive Plan [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LongTermIncentivePlanMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long-term Incentive Plan [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_YellowknifeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Yellowknife [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_YellowknifeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Yellowknife.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Abitibi Shareholders [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Abitibi Shareholders [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StockbasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stock-based compensation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StockbasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Share-based compensation expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StockbasedCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock-based compensation.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FinancialClassification_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial classification</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FinancialClassification_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Financial classification.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MckenzieBreakCroinorGoldAndSwansonPropertiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">McKenzie Break, Croinor Gold, and Swanson properties [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MckenzieBreakCroinorGoldAndSwansonPropertiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">McKenzie Break, Croinor Gold, and Swanson properties [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MckenzieBreakCroinorGoldAndSwansonPropertiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">McKenzie Break, Croinor Gold, and Swanson properties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltyAndOtherMineralInterestsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltyAndOtherMineralInterestsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Royalty And Other Mineral Interests Explanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltyAndOtherMineralInterestsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of royalty and other mineral interests explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrants [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrants [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Liability [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeLiabilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Derivative Liability [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other items</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other items.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total equity and liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity and liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CashflowFromAcquiringSubsidiaryClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash acquired through acquisition of Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CashflowFromAcquiringSubsidiaryClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cashflow From Acquiring Subsidiary Classified As Investing Activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CashflowFromAcquiringSubsidiaryClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cashflow from acquiring subsidiary classified as investing activities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Option Income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Option income.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of units acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Units Acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfUnitsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of units acquired.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Interactive Data Current</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsUndeductedFinancingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Undeducted financing fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsUndeductedFinancingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Assets Undeducted Financing Fees.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of cash flows [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12gTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of 12(g) Security</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IsabellaPearlMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Isabella Pearl Mine [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IsabellaPearlMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Isabella Pearl Mine [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionAgreementTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Term of agreement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionAgreementTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition agreement term</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionAgreementTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisition agreement term.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EstimatedAsPercentageShareOptionsForfeited_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Estimated forfeiture rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EstimatedAsPercentageShareOptionsForfeited_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Estimated forfeiture rate.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeFinancialLiabilitiesOnExerciseOfWarrants_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Exercise of Ely warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeFinancialLiabilitiesOnExerciseOfWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Financial Liabilities on Exercise of Warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeFinancialLiabilitiesOnExerciseOfWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Derivative financial liabilities on exercise of warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Share Options Activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about borrowings [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of changes in equity [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty And Option Income [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty And Option Income [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsForeignCurrencyTranslation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign currency translation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsForeignCurrencyTranslation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and other mineral interests, Foreign currency translation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsForeignCurrencyTranslation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interests, foreign currency translation,</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrossProceedsFromSharesIssuedToPurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gross proceeds from shares issued to purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrossProceedsFromSharesIssuedToPurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gross Proceeds From Shares Issued To Purchase Warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TransferAgentAndRegulatoryFees_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Transfer agent and regulatory fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TransferAgentAndRegulatoryFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transfer agent and regulatory fees</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentSettledByMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Option payment settled by marketable securities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">REN Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">REN Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Retained earnings [member]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CashDividendDeclaredPerCommonShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash dividend declared per common share.</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentSecuredBankLoansReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-current portion of non-current secured bank loans received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LocalPhoneNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Jurisdiction_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Jurisdiction</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_Jurisdiction_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Jurisdiction.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarketingServicesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Marketing Services Issued On July 5, 2022 [Member]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarketingServicesOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Marketing Services One [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Abitibi [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Abitibi [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Abitibi.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Prepaids and other receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for decrease (increase) in trade and other receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfCommonValueIssuedPurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common share purchase warrants of Ely Gold Royalties Inc.</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-current liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiRoyaltiesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Abitibi [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiRoyaltiesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Abitibi Royalties Inc. [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AbitibiRoyaltiesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Abitibi Royalties Inc.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Bankruptcy Proceedings, Reporting Current</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_UnderwritersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Underwriters [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_UnderwritersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Underwriters.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncreaseDecreaseThroughShareBasedPaymentRestrictedStockUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share-based compensation - RSUs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncreaseDecreaseThroughShareBasedPaymentRestrictedStockUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease Through Share based Payment Restricted Stock Units</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IncreaseDecreaseThroughShareBasedPaymentRestrictedStockUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase decrease through share based payment restricted stock units.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at September 30, 2022</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at September 30, 2021</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in associates reported in separate financial statements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsIssuedToReplacePreviousIssuedShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share options issued to replace Golden Valley's share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsIssuedToReplacePreviousIssuedShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Issued To Replace Previous Issued Share Options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsIssuedToReplacePreviousIssuedShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options issued to replace previous issued share options.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EldoradoProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Eldorado Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EldoradoProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Eldorado Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_EldoradoProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Eldorado Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestRateTypesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest rate types [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Depletion</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-current assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProfitLossIncludeInvestmentLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Profit loss include in investment loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProfitLossIncludeInvestmentLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Profit Loss include Investment Loss.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProfitLossIncludeInvestmentLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Profit loss include investment loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-current liability</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total non-current liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-adjusting events after reporting period [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyWarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ely Warrants [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyWarrantsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ely Warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash Payments On or Before January 14, 2027 [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Later than four years and not later than five years [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Cash flows used in obtaining control of subsidiaries or other businesses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Acquisition of Ely Gold Royalties Inc., net of cash acquired</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDetailedInformationAboutShortTermInvestmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Short-term Investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDetailedInformationAboutShortTermInvestmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Detailed Information About Short-term Investments Explanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDetailedInformationAboutShortTermInvestmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of detailed information about short-term investments explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMiningAssetsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMiningAssetsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Description of accounting policy for mining assets [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Royalty and option income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty And Option Income Explanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty And Option Income Explanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Description of accounting policy for investment in associates [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherAccountsReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other accounts receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherAccountsReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Accounts Receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherAccountsReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other accounts receivables.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToFormerParentCompanyForCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued to former parent company for cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToFormerParentCompanyForCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued to former parent company for cash.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of associates [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Description of accounting policy for income tax</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income taxes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of associates [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AccountingProfit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assessable profit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianNetOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Canadian net operating loss carryforwards</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianNetOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Canadian net operating loss carryforwards.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueAllocationToCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value allocation to common shares purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueAllocationToCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Allocation To Common Shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RailroadPinionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Railroad-Pinion [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RailroadPinionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Railroad-Pinion.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PropertyStage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property Stage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PropertyStage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Property Stage.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options Outstanding, Weighted Average Remaining Contractual Life</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Weighted average remaining contractual life</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharePurchaseWarrantIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Common share purchase warrant issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharePurchaseWarrantIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common Share Purchase Warrant Issuance Costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharePurchaseWarrantIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">CommonSharePurchaseWarrantIssuanceCosts</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">issued or Issuance shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfInstrumentsOrInterestsIssuedOrIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of instruments or interests issued or issuable</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ManagementSalaries_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Management salaries.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromIssuingShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from common shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromIssuingShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash proceeds</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesAddition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Addition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesAddition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Associates Addition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesAddition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in associates addition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total tax expense (income)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Tax income (expense)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income tax expense (income)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition of Ely, Golden Valley and Abitibi</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-based compensation - share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Beaufor Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Beaufor Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average number of common shares outstanding, basic and diluted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">outstanding, basic and diluted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltiesTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Royalty Schedule</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltiesTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Royalties Table Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-based payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Intangible assets material to entity [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AnalysisOfIncomeAndExpenseAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Analysis of income and expense [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CroinorGoldProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Croinor Gold Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CroinorGoldProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Croinor Gold Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CroinorGoldProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Croinor Gold Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Types of hedges [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherReservesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other reserves [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Number of Options, Beginning Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Number of Options, Ending Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options Outstanding, Number of Options Outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Options outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceConditionTwoDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance condition two, description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceConditionTwoDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Performance condition two description.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ContractDurationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contract duration [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BorrowingsMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank loan maturity date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BorrowingsMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings Maturity Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BorrowingsMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Borrowings maturity date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyGoldRoyaltiesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ely Gold Royalties Inc [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyGoldRoyaltiesIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ely Gold Royalties Inc. [member].</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldRockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gold Rock [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldRockMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gold Rock.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issued capital</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Issued Capital</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of issued capital [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetChangesInNoncashWorkingCapitalItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net changes in non-cash working capital items:</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetChangesInNoncashWorkingCapitalItemsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Changes In Non cash Working Capital Items [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenCarlineMinesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">REN - Carline Mines [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenCarlineMinesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">REN Carline Mines [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RenCarlineMinesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">REN carline mines.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ely [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ElyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ely [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ServicesReceivedRelatedPartyTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount incurred related to website design, hosting and maintenance service received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ServicesReceivedRelatedPartyTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Services received, related party transactions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in subsidiaries, joint ventures and associates reported in separate financial statements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total investments in subsidiaries, joint ventures and associates reported in separate financial statements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceBasedRestrictedSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Performance based restricted shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PerformanceBasedRestrictedSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Performance based restricted shares issued.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CostOfSalesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cost of sales</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CostOfSalesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cost of Sales [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ConsiderationPaidReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consideration paid/received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ConsiderationPaidReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consideration transferred, acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ConsiderationPaidReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Share consideration</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Marketable securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deducted Temporary Differences Recognized Marketable Securities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedMarketableSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deducted temporary differences recognized marketable securities.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedFromRoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Property option payments received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedFromRoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Option payments received from royalty and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedFromRoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Option payments received from royalty and other mineral interests.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Addresses [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Deducted temporary differences recognized</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deducted Temporary Differences Recognized</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deducted temporary differences recognized.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about business combination [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SaoJorgeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sao Jorge [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SaoJorgeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">S?o Jorge.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common share purchase warrants issued on exercise of over-allotment option</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option payments received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Option payment received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Option payment received.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfAccountingPolicyForRelatedPartyTransactionsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related party transactions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfAccountingPolicyForRelatedPartyTransactionsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Description Of Accounting Policy For Related Party Transactions Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Shell Company Event Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of transactions between related parties [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about borrowings [line items]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpenseByNatureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfGoldProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of gold properties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfGoldProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Gold Properties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfGoldProperties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of gold properties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyTransferOther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transfer</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyTransferOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Transfer Other</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyTransferOther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty transfer other.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsDeemedToBeExchangedForShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">1,166,389 Golden Valley share options deemed to be exchanged for GRC share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsDeemedToBeExchangedForShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">15,946,732 Ely Warrants deemed to be exchanged for GRC Shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsDeemedToBeExchangedForShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrants deemed to be exchanged for Shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings, interest rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RawhideMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rawhide [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RawhideMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rawhide.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Permanent differences and other</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AssetsArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at September 30, 2020</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AssetsArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at September 30, 2021</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AssetsArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets arising from exploration for and evaluation of mineral resources</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherIncomeNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherIncomeNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Income Nonoperating</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherIncomeNonoperating_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other income nonoperating.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash and cash equivalents</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForGainLossOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on loan modification</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdjustmentsForGainLossOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments for gain (loss) on loan modification.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SharebasedCompensationPerformanceBasedRestrictedShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-based compensation - performance based restricted shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SharebasedCompensationPerformanceBasedRestrictedShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share-based compensation - performance based restricted shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpectedLifeOfWarrant_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expected Life Of Warrant</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpectedLifeOfWarrant_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expected life.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share of loss in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golden Valley [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Golden Valley [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Golden Valley.</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ChangeInFairValueOfInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Change in fair value of investments.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ChangeInFairValueOfInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">ChangeInFairValueOfInvestments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_McKenzieBreakMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">McKenzie Break [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_McKenzieBreakMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">McKenzie Break.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrcSharesIssuedToElyShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/label">GRC Shares issued to Ely shareholders(1)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrcSharesIssuedToElyShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Shares issued for acquisition, fair value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GrcSharesIssuedToElyShareholders_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">GRC Shares issued to Ely shareholders.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of number and weighted average remaining contractual life of outstanding share options [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SalesAndMarketingExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Investor communications and marketing expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SalesAndMarketingExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investor communications and marketing expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SalesAndMarketingExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sales and marketing expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsNoncapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non-capital losses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetsNoncapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Assets Non capital Losses.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Historical volatility for shares, measurement input [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountsPayablesAndAccruedLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Payables And Accrued Liabilities [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AccountsPayablesAndAccruedLiabilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounts Payable and Accrued Liabilities [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Quarterly Report</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity's total for related parties [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of 12(b) Security</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Range of Options Outstanding and Exercisable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfCommonShareConsistsOfEachUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of common share consists of each unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfCommonShareConsistsOfEachUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Common Share Consists of Each Unit</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfCommonShareConsistsOfEachUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of common share consists of each unit.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfRetainRightsOnRoyaltyNetSmelterReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of retain rights on royalty net smelter return</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfRetainRightsOnRoyaltyNetSmelterReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Retain Rights on Royalty Net Smelter Return</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfRetainRightsOnRoyaltyNetSmelterReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of retain rights on royalty net smelter return.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty And Other Mineral Interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interests.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of options outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Number of other equity instruments outstanding in share-based payment arrangement at beginning of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Number of other equity instruments outstanding in share-based payment arrangement at end of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of warrants outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfContractsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Types of contracts [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short-term investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net proceeds from bank loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from borrowings, classified as financing activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Well-known Seasoned Issuer</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfForfeitureRateShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Estimated forfeiture rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfForfeitureRateShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Description of Forfeiture Rate Share Options Granted.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DescriptionOfForfeitureRateShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">DescriptionOfForfeitureRateShareOptionsGranted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WagesAndSalaries_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Management and directors' fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WagesAndSalaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management and directors&#8217; fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherCurrentReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaids and other receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash Payments On or Before January 14, 2024 [member]</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfEquityExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Fair Value and Gross Proceed from Initial Public Offering</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Types of risks [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ShareIssueRelatedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Securities issuance cost</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidInsuranceExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid insurance expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidInsuranceExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid insurance expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrepaidInsuranceExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Prepaid insurance expenses.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Purchase of property, plant and equipment</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentInAssociateRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in associate</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentInAssociateRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in associate recognised as of acquisition date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LongTermInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Investments [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LongTermInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Long Term Investments [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldMiningOptionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gold Mining Options [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldMiningOptionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gold Mining Options [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingCommonSharesIssuedOnExerciseOfOverallotmentOptionShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Initial public offering: Common shares issued on exercise of over-allotment option, shares</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Assets at beginning of period</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total assets</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PaymentsOfShareIssueRelatedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payments Of Share Issue Related Cost.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestReceivedClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InterestReceivedClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Interest received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageRemainingContractualLifeOfExercisableShareOptions2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options Exercisable, Weighted Average Remaining Contractual Life</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash provided by / (used in) investing activities</link:label>
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    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToAcquireRoyaltiesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued to acquire royalties, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToAcquireRoyaltiesShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued to acquire royalties, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AssociatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Val-d'Or Mining Corporation [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AssociatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Associates [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Voluntary Filers</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxLiabilitiesRoyaltyAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxLiabilitiesRoyaltyAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred Tax Liabilities Royalty Assets.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BlenderMediaIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Blender Media Inc. [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BlenderMediaIncMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Blender Media Inc. [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsOfMarketableSecuritiesShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of marketable securities in merger with Ely</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsOfMarketableSecuritiesShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisitions Through Business Combinations of Marketable Securities Short-term Investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionsThroughBusinessCombinationsOfMarketableSecuritiesShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisitions through business combinations of marketable securities short-term investments.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Documents Incorporated by Reference [Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_OtherReserves_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reserves</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance at September 30, 2022</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and Other Mineral Interest Carrying Value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interest carrying value.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of voluntary change in accounting policy [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrants exercisable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total consideration</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Total consideration</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fair value of puchase consideration</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment on equity interest</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InsuranceExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Insurance fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InsuranceExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Insurance fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_InsuranceExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Insurance expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyMinesAndRoyaltiesLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golden Valley [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyMinesAndRoyaltiesLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Golden Valley Mines and Royalties Ltd. [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyMinesAndRoyaltiesLtdMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Golden Valley Mines and Royalties Ltd.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and Option Income [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and Option Income [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarigoldMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marigold [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarigoldMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Marigold.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Changes to Investment in Associates</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of associates [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrivatePlacementOfCommonSharesForCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Private placement of common shares for cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PrivatePlacementOfCommonSharesForCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Private placement of common shares for cash.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarketingServicesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marketing Services [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarketingServicesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Marketing services.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorFirmId_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Firm ID</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RodeoCreekMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rodeo Creek [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RodeoCreekMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rodeo creek.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Exercise Price, Forfeited</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted average exercise price of share options forfeited in share-based payment arrangement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and other mineral interests, Additions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interests, additions.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical areas [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditorName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Auditor Name</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CoteGoldProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cote Gold Project [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CoteGoldProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cote Gold Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CoteGoldProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cote gold project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RailroadPinionProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Railroad-Pinion Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RailroadPinionProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Railroad-Pinion Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityReportingObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Reporting Obligation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings by name [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesGrantedUnderOverAllotmentOption_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of shares granted under over-allotment option</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfSharesGrantedUnderOverAllotmentOption_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Shares Granted Under Over Allotment Option.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDerivativeFinancialInstrumentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Derivative Financial Instruments [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfDerivativeFinancialInstrumentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of derivative financial instruments.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageExercisePriceOfShareOptionsGrantedForExchangeOfPreviousIssuedOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Exercise Price, Golden Valley share options exchange for GRC share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageExercisePriceOfShareOptionsGrantedForExchangeOfPreviousIssuedOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Exercise Price of Share Options Granted for Exchange of Previous Issued Options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageExercisePriceOfShareOptionsGrantedForExchangeOfPreviousIssuedOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Weighted average exercise price of share options granted for exchange of previous issued options.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share-based payment arrangements [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of changes in equity [abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Description of acquiree</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueChangeDueToPriceChangeShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value change due to price change</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueChangeDueToPriceChangeShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Change Due to Price Change Short-term Investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueChangeDueToPriceChangeShortTermInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value change due to price change short-term investments.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on loan modification</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain on Loan Modification</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainOnLoanModification_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gain on loan modification.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToFormerParentCompanyForCashShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued to former parent company for cash, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToFormerParentCompanyForCashShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued to former parent company for cash, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetProceedsFromInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net proceeds received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetProceedsFromInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net Proceeds From Initial Public Offering.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetProceedsFromInitialPublicOffering_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NetProceedsFromInitialPublicOffering</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsToPurchaseCommonSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Warrants to purchase common shares outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsToPurchaseCommonSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrants to Purchase Common Shares Outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsToPurchaseCommonSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrants to purchase common shares outstanding.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCorporateInformationExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Corporate Information</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCorporateInformationExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Corporate Information Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfCorporateInformationExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">DisclosureOfCorporateInformationExplanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Change in fair value of derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fair value gain on change in fair value of derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in fair value of derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net gains (losses) on change in fair value of derivatives</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in fair value of derivative liability</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Change in fair value during the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepreciationExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepreciationExpenses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Depreciation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepreciationExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfProspectivePropertiesHeldToSellAndGenerateRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of prospective properties held to sell and generate royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfProspectivePropertiesHeldToSellAndGenerateRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Prospective Properties Held To Sell and Generate Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfProspectivePropertiesHeldToSellAndGenerateRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of prospective properties held to sell and generate royalties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentAnnualReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Annual Report</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GRCSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">GRC Shares [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GRCSharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">GRC Shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total basic earnings (loss) per share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net loss per share, basic and diluted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherTaxReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other tax receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OtherTaxReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other Tax Receivable.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeFinancialLiabilitiesOnAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of Ely and Abitibi</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeFinancialLiabilitiesOnAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Financial Liabilities on Acquisitions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DerivativeFinancialLiabilitiesOnAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Derivative financial liabilities on acquisitions.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedValueForMarketingServices_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value of stock issued for services</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedValueForMarketingServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Shares Issued Value for Marketing Services</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedValueForMarketingServices_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued value for marketing services.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business combinations [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and Option Income [Table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOptionIncomeTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and Option Income [Table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of warrants issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Warrants Issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NumberOfWarrantsIssued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StandbyFeeOnUndrawnPortionOfBankLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Standby fee on undrawn portion of bank loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StandbyFeeOnUndrawnPortionOfBankLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Standby Fee on Undrawn Portion of Bank Loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_StandbyFeeOnUndrawnPortionOfBankLoan_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Standby fee on undrawn portion of bank loan.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning Balance</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Derivative liability</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainsLossesOnChangeInFairValueOfDerivativesOnAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of Ely and Abitibi</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainsLossesOnChangeInFairValueOfDerivativesOnAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value of derivative liability assumed on Ely acquisition (Note 3)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GainsLossesOnChangeInFairValueOfDerivativesOnAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value of derivative liability assumed on Ely acquisition.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Canadian Malartic</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Canadian Malartic [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Canadian Malartic [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureShorttermInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short-term Investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedForExchangeOfPreviousIssuedShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Options, Golden Valley share options exchanged for GRC share options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedForExchangeOfPreviousIssuedShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted for Exchange of Previous Issued Share Options</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedForExchangeOfPreviousIssuedShareOptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options granted for exchange of previous issued share options.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity's total for associates [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MaximumSharesToBeSoldUnderEquityProgram_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum shares to be sold under equity program</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MaximumSharesToBeSoldUnderEquityProgram_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Shares to be Sold Under Equity Program</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MaximumSharesToBeSoldUnderEquityProgram_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maximum shares to be sold under equity program.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LincolnHillProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lincoln Hill Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LincolnHillProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lincoln Hill Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyPurchaseAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Purchase Agreement [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyPurchaseAgreementMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty purchase agreement.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty and other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and Other Mineral Interests, Non-current</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsNonCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interests, non-current.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total trade and other current payables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts payable and accrued liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risks [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityExTransitionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Elected Not To Use the Extended Transition Period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term investment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Long-term investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetProfitInterestRoyaltyPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of NPI royalty</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetProfitInterestRoyaltyPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net profit interest royalty percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetProfitInterestRoyaltyPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net profit interest royalty percentage.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CheechooMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cheechoo [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CheechooMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cheechoo.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_WrittenCommunications_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedCashRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedCashRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash Recognised As of Acquisition Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RestrictedCashRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Restricted Cash Recognised As of Acquisition Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_JerrittCanyonMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Jerritt Canyon Mine [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_JerrittCanyonMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Jerritt Canyon Mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share capital [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Components of equity [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity interest percentage in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proportion of ownership interest in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Two [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty Two.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Liabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Liabilities at beginning of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Liabilities at end of period</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfInterestsInAssociatesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfInterestsInAssociatesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of interests in associates [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsultingFees_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Consulting fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsultingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consulting fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsultingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Consultingl fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsultingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Consulting fees.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GraniteCreekMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Granite Creek Mine [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GraniteCreekMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Granite Creek Mine [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GraniteCreekMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Granite Creek Mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Mineral interest maintenance expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mineral interest maintenance expenses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Repairs and maintenance expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRelatedPartyAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Related Party [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRelatedPartyAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of related party.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Professional fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Professional fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromExerciseOfCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from exercise of common share purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromExerciseOfCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from exercise of common share purchase warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Share-based compensation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Recognized share-based compensation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share-based compensation expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Impairment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment charge</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Impairment loss recognised in profit or loss, property, plant and equipment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Lease obligation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_FinancialLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Financial liabilities recognised as of acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToAcquireRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued to acquire royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedToAcquireRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued to acquire royalties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted Tranche Three [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options granted, tranche three.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantExerciseExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Warrant exercise expiration date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantExerciseExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrant Exercise Expiration Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantExerciseExpirationDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrant exercise expiration date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionOfRoyaltyInterestPerTonne_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of royalty interest per tonne</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionOfRoyaltyInterestPerTonne_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Acquisition of Royalty Interest Per Tonne</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AcquisitionOfRoyaltyInterestPerTonne_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Acquisition of royalty interest per tonne.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsiderationPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price of shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsiderationPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Consideration Paid</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ConsiderationPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Consideration paid.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AdvisoryAndConsultingFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Advisory and consulting fees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Classes of financial instruments [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_ContactPersonnelName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contact Personnel Name</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_EquityPriceRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity price risk [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Short-Term Investments Comprise of Common Shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticOdysseyProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Canadian Malartic - Odyssey Project (1) (underground) [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticOdysseyProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Canadian Malartic - Odyssey Project</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticOdysseyProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Canadian Malartic Odyssey Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CanadianMalarticOdysseyProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Canadian Malartic Odyssey Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares issued for warrant exercisable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BordenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Borden</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BordenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borden [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BordenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Borden.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Components of Deferred Income Tax Assets and Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Deferred Income Tax Assets and Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Government loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Government loan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Government Loan Recognized As Of Acquisition Date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GovernmentLoanRecognizedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Government loan recognized as of acquisition date.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expense from share-based payment transaction with non-employees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expense from share-based payment transactions with parties other than employees</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRightToRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Royalty interest right to repurchase amount per property</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRightToRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Interest Right to Repurchase Amount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyInterestRightToRepurchaseAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty interest right to repurchase amount.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Accounts payable and accrued liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for increase (decrease) in trade accounts payable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepletableRoyaltiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Depletable Royalties [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DepletableRoyaltiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Depletable Royalties.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfIssuedCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Issued Capital [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfIssuedCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of issued capital.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedForMarketingServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued for marketing services</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedForMarketingServices_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued for marketing services.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RENNetSmelterReturnMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">REN (Net Smelter Return) [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RENNetSmelterReturnMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">REN (Net Smelter Return).</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AtTheMarketProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">At the Market Program [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AtTheMarketProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">At the Market Program [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_AtTheMarketProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">At the Market Program [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageRemainingContractualLifeOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average remaining contractual life</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageRemainingContractualLifeOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted average remaining contractual life of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WeightedAverageRemainingContractualLifeOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Weighted average remaining contractual life of other equity instruments outstanding in share-based payment arrangement.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressesAddressTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Addresses, Address Type [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PurchaseOfInterestsInAssociates_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Investment in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PurchaseOfInterestsInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment in associate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfSharesIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of shares issuable under plan</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PercentageOfSharesIssuable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Shares Issuable, Percentage</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_JerrittCanyonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Jerritt Canyon [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_JerrittCanyonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Jerritt Canyon.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpectedDividendYieldRateMeasurementInputMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expected dividend yield [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExpectedDividendYieldRateMeasurementInputMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expected dividend yield.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsExercisableExchangeRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Warrants exercisable exchange ratio</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WarrantsExercisableExchangeRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Warrants exercisable exchange ratio</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Addresses [Table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfPrepaymentsAndOtherReceivablesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Prepaids and other receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfPrepaymentsAndOtherReceivablesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Prepayments And Other Receivables Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfPrepaymentsAndOtherReceivablesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">DisclosureOfPrepaymentsAndOtherReceivablesExplanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosurePrepaidsAndOtherReceivablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Prepaids And Other Receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Impairment of non-financial assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredRevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured Revolving Credit Facility [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredRevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured Revolving Credit Facility [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_SecuredRevolvingCreditFacilityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Secured revolving credit facility.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term investments purchased cost</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short-term investments purchased cost</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedCost_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Short-term investments purchased cost.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and other mineral interests, Acquisitions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestsAcquisitions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interests, acquisitions.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyAndAbitibiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golden Valley and Abitibi [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyAndAbitibiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Golden Valley and Abitibi [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyAndAbitibiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Golden Valley and Abitibi [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated other comprehensive income [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from private placement of common shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from issuance of shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TitiribiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Titiribi [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TitiribiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Titiribi.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarigoldMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Marigold Mine [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MarigoldMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Marigold mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MonarchMiningCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Monarch Mining Corporation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_MonarchMiningCorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Monarch Mining Corporation.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expected volatility</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Investments Other Than Investments Accounted For Using Equity Method [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of investments other than investments accounted for using equity method.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WorkingCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Working capital</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_WorkingCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Working Capital.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromInitialPublicOfferingNetOfUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from initial public offering, net of underwriters' fees and issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromInitialPublicOfferingNetOfUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">underwriters&#8217; fees and issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ProceedsFromInitialPublicOfferingNetOfUnderwritersFeesAndIssuanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Proceeds from initial public offering, net of underwriters' fees and issuance costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RawhideMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rawhide Mine [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RawhideMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rawhide Mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesDilutionGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dilution gain</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesDilutionGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in Associates Dilution Gain Loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesDilutionGainLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in associates dilution gain (loss).</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Public Float</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Item that may be reclassified subsequently to net income:</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchasePriceOfWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Purchase price of warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PurchasePriceOfWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Purchase Price Of Warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Deferred tax recovery</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax recovery</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred tax expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred tax expense (income)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred tax assets and (liabilities):</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedNonCapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-capital losses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedNonCapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deducted Temporary Differences Recognized Non-Capital Losses</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeductedTemporaryDifferencesRecognizedNonCapitalLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deducted temporary differences recognized non-capital losses.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaseRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Base Rate [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaseRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Base rate [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaseRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Base Rates [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaseRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Base rates.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesWithoutParValueMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Shares Without Par Value [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risk-free interest rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risk-free interest rate</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforBeaconMillPerTonneRoyaltyPtrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Beaufor-Beacon Mill (Per Tonne Royalty ("PTR")) [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforBeaconMillPerTonneRoyaltyPtrMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Beaufor-beacon mill (Per Tonne Royalty ("PTR")).</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of detailed information about business combination [table]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyDisposalOther_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Disposal</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyDisposalOther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposal</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyDisposalOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Disposal Other</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyDisposalOther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty disposal other.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfMovementsInDerivativeFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Movement in Derivative Liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfMovementsInDerivativeFinancialInstrumentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Movements In Derivative Financial Instruments Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Audited Annual Financial Statements</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForInterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AdjustmentsForInterestExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments for interest expense</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfSharesIssuedForAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value of shares issued for acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfSharesIssuedForAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value of Shares Issued for Acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfSharesIssuedForAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value of shares issued for acquisition.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltyAndOptionIncomeGeneratedFromMinesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Royalty and Option Income Generated from Mines</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltyAndOptionIncomeGeneratedFromMinesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of Royalty and Option Income Generated from Mines Explanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltyAndOptionIncomeGeneratedFromMinesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of royalty and option income generated from mines explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyImpairmentOther_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Impairment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyImpairmentOther_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Impairment</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyImpairmentOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty Impairment Other</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyImpairmentOther_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty impairment other.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TransactionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Transaction costs</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_TransactionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Transaction costs.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Aggregated time bands [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCost_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Royalty and other mineral interest cost</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCost_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Royalty and other mineral interest cost</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty and Other Mineral Interest Cost</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyAndOtherMineralInterestCost_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty and other mineral interest cost.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfShortTermInvestmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Short-term investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfShortTermInvestmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Short Term Investments Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfShortTermInvestmentsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">DisclosureOfShortTermInvestmentsExplanatory</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareholdersAndAbitibiShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Golden Valley Shareholders &amp; Abitibi Shareholders [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareholdersAndAbitibiShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Golden Valley Shareholders &amp; Abitibi Shareholders [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldenValleyShareholdersAndAbitibiShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Golden Valley Shareholders &amp; Abitibi Shareholders [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfWeightedAverageAssumptionsUsedForEstimationOfFairValueOfShareOptionsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Fair Value Assumptions</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfWeightedAverageAssumptionsUsedForEstimationOfFairValueOfShareOptionsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of Weighted Average Assumptions Used for Estimation of Fair Value of Share Options [Text Block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Transition Report</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CashAndCashEquivalentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalent [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CashAndCashEquivalentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cash and Cash Equivalents [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net cash flows from (used in) operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash used in operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash flows from (used in) operating activities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NevadaGoldMinesLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nevada Gold Mines LLC ("NGM") [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NevadaGoldMinesLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nevada Gold Mines LLC [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NevadaGoldMinesLlcMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Nevada Gold Mines LLC.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SecuredBankLoansReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bank loan availed</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_SecuredBankLoansReceived_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Secured bank loans received</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedUponExerciseOfCommonSharePurchaseWarrantsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares issued upon exercise of common share purchase warrants, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_CommonSharesIssuedUponExerciseOfCommonSharePurchaseWarrantsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Common shares issued upon exercise of common share purchase warrants, shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Beaufor Mine [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BeauforMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Beaufor mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance, shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of shares outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfIncomeTaxTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Reconciliation of Provision for Income Taxes Computed at Combined Canadian Federal and Provincial Statutory Rate to Provision for Income Taxes</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfIncomeTaxTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Income Tax Table Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expected dividend yield</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FunctionalCurrencyTranslationRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Functional currency translation</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FunctionalCurrencyTranslationRoyalties_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Functional currency translation.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_HedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hedging instruments [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Weighted average fair value</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BordenMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borden Mine [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BordenMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Borden mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty One [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty One [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltiesRollforwardTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Royalties</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfRoyaltiesRollforwardTableExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure Of Royalties Rollforward Table Explanatory.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingCommonSharesAndCommonSharePurchaseWarrantsIssuedForCash_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common shares and common share purchase warrants issued for cash</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InitialPublicOfferingCommonSharesAndCommonSharePurchaseWarrantsIssuedForCash_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Initial public offering common shares and common share purchase warrants issued for cash.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldRockProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gold Rock Project [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GoldRockProjectMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Gold Rock Project.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_JerrittCanyonMinePerTonRoyaltyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Jerritt Canyon Mine (Per Ton Royalty) [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_JerrittCanyonMinePerTonRoyaltyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Jerritt canyon mine (per ton royalty).</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings by name [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property, plant and equipment [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LincolnHillMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Lincoln Hill [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_LincolnHillMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Lincoln Hill.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NevadaSelectRoyaltyIncorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nevada Select Royalty, Inc., [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NevadaSelectRoyaltyIncorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Nevada Select Royalty, Incorporation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NevadaSelectRoyaltyIncorporationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Nevada Select Royalty, Incorporation [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total current assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current assets [Default Label]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CounterpartiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Counterparties [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Options Exercisable, Number of Options Exercisable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueAllocationToCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value allocation to common share purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueAllocationToCommonSharePurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Allocation To Common Share Purchase Warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfCommonShareIssuedToPurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of common shares issued to purchase warrants</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfCommonShareIssuedToPurchaseWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number Of Common Share Issued To Purchase Warrants.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net loss per share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfShareIssuedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of restricted shares issued</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfShareIssuedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of share issued in share based payment arrangement.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign exchange gain / (loss)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/netLabel">Net foreign exchange gain (loss)</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Foreign exchange loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net loss after income taxes for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net loss for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loss before tax for the year</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RENNetProfitInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">REN (Net Profit Interest) [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RENNetProfitInterestMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">REN (Net Profit Interest).</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SolicitingMaterial_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_BusinessContactMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Contact [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted Tranche One [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Share options granted, tranche one.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureCorporateInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Information</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_HedgingInstrumentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hedging instruments [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred income tax liability</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred tax liabilities recognised as of acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyPercentageOwned_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Royalty percentage owned</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_RoyaltyPercentageOwned_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Royalty percentage owned.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsIssuedToPurchaseShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of warrants issued to purchase shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NumberOfWarrantsIssuedToPurchaseShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of warrants issued to purchase shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock, Shares Outstanding</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RevenueOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenue</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RevenueOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue of acquiree since acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaldMountainMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bald Mountain Mine [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaldMountainMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bald Mountain Mine [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BaldMountainMineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bald Mountain Mine.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Geographical areas [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IssuePricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Shares issued price per share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_IssuePricePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Issue price per share.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition of Golden Valley</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments in associates Acquisition</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_InvestmentsInAssociatesAcquisition_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments in associates acquisition.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetNotRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Deferred tax asset not recognized</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DeferredTaxAssetNotRecognized_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Deferred tax asset not recognized.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedAndNettedAgainstOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option payments received and netted against other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedAndNettedAgainstOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Option payments received and netted against other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_OptionPaymentsReceivedAndNettedAgainstOtherMineralInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Option payments received and netted against other mineral interests</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net operating loss carryforwards</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_NetOperatingLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net operating loss carryforwards.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">net loss</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ProfitLossOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) of acquiree since acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total increase (decrease) in fair value measurement, assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Change in fair value of short-term investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Change in fair value of investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Long-term investments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of investments other than investments accounted for using equity method [text block]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PropertyDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Property description</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_PropertyDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Property.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ICFR Auditor Attestation Flag</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">ICFR Auditor Attestation Flag</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExerciseOfWarrantsPerCommonShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise of warrants per common share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExerciseOfWarrantsPerCommonShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise of Warrants per Common Share</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExerciseOfWarrantsPerCommonShare_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exercise of warrants per common share.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GraniteCreekMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Granite Creek [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_GraniteCreekMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Granite Creek.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation, State or Country Code</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Range [axis]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise Price Range 5 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise Price Range Five [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ExercisePriceRangeFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Exercise price range five.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfSelectedRoyaltiesOwnByTheCompanyExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Selected Royalties Own by the Company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfSelectedRoyaltiesOwnByTheCompanyExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Summary of Selected Royalties Own by the Company</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_DisclosureOfSelectedRoyaltiesOwnByTheCompanyExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of selected royalties own by the Company.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accounts payable and accrued liabilities</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trade and other payables recognised as of acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExercisePriceShareOptionsGranted2019_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Exercise price of share options granted</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExercisePriceShareOptionsGranted2019_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Exercise price of shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_ExercisePriceShareOptionsGranted2019_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Exercise Price</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BusinessAcquisitionTransactionCostsAndChangeOfControlPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transaction costs and change of control payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BusinessAcquisitionTransactionCostsAndChangeOfControlPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Transaction Costs and Change of Control Payments</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_BusinessAcquisitionTransactionCostsAndChangeOfControlPayments_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Business acquisition transaction costs and change of control payments.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short Term Investment [Member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Short Term Investments [member]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentRegistrationStatement_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Registration Statement</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash and cash equivalents</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and cash equivalents recognised as of acquisition date</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_BalancesWithBanks_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash at bank</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total trade and other current receivables</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounts receivable</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaidOrdinaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividend paid, amount</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="ifrs-full_DividendsPaidOrdinaryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Dividends paid, ordinary shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair value of common shares</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_FairValueOfCommonShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair Value Of Common Shares.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of Individual [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedValueOfAdditionalCommonShareForPeriodOf60MonthsFollowingDateOfIssuanceThereof_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Short-term investments purchased, value of additional common share for period of 60 months following the date of issuance thereof</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedValueOfAdditionalCommonShareForPeriodOf60MonthsFollowingDateOfIssuanceThereof_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Short- term investments purchased, value of additional common share for period of 60 months following date of issuance thereof</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShortTermInvestmentsPurchasedValueOfAdditionalCommonShareForPeriodOf60MonthsFollowingDateOfIssuanceThereof_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Short- term investments purchased, value of additional common share for period of 60 months following date of issuance thereof.</link:label>
    <link:label xml:lang="en-US" xlink:type="resource" xlink:label="groy_ShareOptionsGrantedTrancheFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Share Options Granted Tranche Four [Member]</link:label>
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