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  "slug": "royal-gold-inc",
  "name": "ROYAL GOLD INC",
  "updatedAt": "2026-10-02T11:38:22.805059Z",
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    {
      "type": "OVERVIEW",
      "text": "Royal Gold Inc. is a precious-metals streaming and royalty company. Rather than operating mines, it finances mining companies through stream and royalty agreements and receives an entitlement to production or revenue; its interests include gold, silver, and copper. [P20167369][https://www.royalgold.com/our-business/business-model/default.aspx] Its portfolio spans North America, South and Central America, EMEA, and Australia Pacific. [T10034492]\n\nFor the year ended December 31, 2025, Royal Gold reported approximately $1.03 billion in revenue. [P68212784] The latest employee figure located in official company materials was 29 professional and administrative employees at year-end 2024. [https://royalgold.com/investment-stewardship/environment/default.aspx] Royal Gold traces its origins to 1981; its stated company-story aims include being a partner of choice for mining operators and contributing positively to communities and the environment. [https://www.royalgold.com/our-company-story/the-royal-gold-story/default.aspx]\n[P20167369][T10034492][P68212784][https://www.royalgold.com/our-business/business-model/default.aspx][https://royalgold.com/investment-stewardship/environment/default.aspx][https://www.royalgold.com/our-company-story/the-royal-gold-story/default.aspx]",
      "updatedAt": "2026-10-02T11:38:22.805059Z"
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    {
      "type": "PRODUCTS",
      "text": "Royal Gold’s offerings are contractual interests in mine production rather than finished consumer products. Under stream agreements, it provides upfront funding in exchange for the right and obligation to buy an agreed share of a mine’s output at contract-defined prices over the agreement’s life; delivered metal is then sold to customers, typically at spot or average spot prices. Its royalty interests provide contractual payments linked to production or revenue. [P147493885] [https://www.royalgold.com/our-business/business-model/default.aspx]\n\nNamed stream interests include Mount Milligan and Pueblo Viejo, which produce gold and copper, and gold and silver, respectively, as well as Andacollo and Kansanshi gold streams. Named royalty interests include the Cortez Legacy Zone and Cortez CC Zone gold royalties. In the first half of 2026, stream revenue was $623.741 million and royalty revenue was $295.923 million—approximately 67.8% and 32.2% of total revenue, respectively. [P147494061] [T16875574]\n[P147493885][https://www.royalgold.com/our-business/business-model/default.aspx][P147494061][T16875574][https://www.royalgold.com/our-business/business-model/default.aspx]",
      "updatedAt": "2026-10-02T11:38:22.805059Z"
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    {
      "type": "GEOGRAPHY",
      "text": "For the six months ended June 30, 2026, Royal Gold reported revenue from properties in four regions: North America, $508.4 million (about 55%); South and Central America, $209.8 million (about 23%); EMEA, $170.1 million (about 19%); and Australia Pacific, $31.4 million (about 3%). The reported total was $919.7 million. [T16875583] These percentages are calculated from the regional amounts and reported total.\n\nThe portfolio includes properties in several countries. Examples generating revenue in the first half of 2026 include Mount Milligan in British Columbia, Canada; Pueblo Viejo in the Dominican Republic; Andacollo in Chile; Kansanshi in Zambia; and royalty interests at Cortez in Nevada, United States. [T16875588][P66689826][P82531225][P92542040][P41417702][P58229077] Hod Maden, a development project, is in Türkiye. [P97810830]\n\nRoyal Gold lists its principal executive office in Denver, Colorado. Its FY2025 report identifies 39 employees working from offices in Denver, Lucerne, Switzerland, Vancouver, Canada, and Toronto, Canada; it does not disclose employee numbers by location. [P147493753][P51047083]\n[T16875583][T16875583][T16875583][T16875583][T16875583][T16875583][T16875583][T16875583][T16875583][T16875588][T16875588][T16875588][T16875588][T16875588][T16875588][P66689826][P82531225][P92542040][P41417702][P58229077][P97810830][P147493753][P51047083]",
      "updatedAt": "2026-10-02T11:38:22.805059Z"
    },
    {
      "type": "SEGMENTS",
      "text": "For FY2025, Royal Gold reported two business segments: **Stream interests**, which acquire and manage contractual rights to purchase specified mine production at contract prices, and **Royalty interests**, which acquire and manage non-operating rights to a percentage of project revenue or metals produced. [P7254021][P20167369][P101759191]\n\nBy FY2025 revenue, stream interests contributed approximately **66.6%** ($686.5 million) and royalty interests **33.4%** ($344.0 million) of the $1.030 billion total. [T8677080] The company also disaggregates results geographically and by commodity; these are additional views of its business, not separately reported business segments. [T14130078][P96791275]\n[P7254021][P20167369][P101759191][T8677080][T14130078][P96791275]",
      "updatedAt": "2026-10-02T11:38:22.805059Z"
    },
    {
      "type": "HISTORY",
      "text": "Royal Resources Corporation began in 1981 as an oil-and-gas exploration and production company. After acquiring Denver Mining Finance Corporation in 1986, it became Royal Gold and shifted toward gold royalties, focusing on minority interests in mining properties rather than operating mines. The company’s strategy later expanded to include financing mining companies in exchange for royalty and stream interests. [https://www.royalgold.com/our-company-story/the-royal-gold-story/default.aspx]\n\nIn 2006, Tony Jensen succeeded Stanley Dempsey as chief executive officer, with Dempsey remaining executive chairman. Royal Gold expanded its portfolio through the 2008 acquisition of Barrick’s royalty portfolio and its 2010 acquisition of International Royalty Corporation. [https://www.sec.gov/Archives/edgar/data/85535/000095013406010745/d36674exv99w1.htm] [https://royalgold.com/investors/events-and-presentations/presentations/presentation-details/2008/royal-gold-to-acquire-barrick-golds-royalty-portfolio-presentation/default.aspx] [https://www.prnewswire.com/news-releases/royal-gold-and-international-royalty-corporation-complete-plan-of-arrangement-84972172.html]\n\nIn 2022, Royal Gold acquired an effective 1.2% gross royalty on Nevada’s Cortez Complex for $525 million. In 2025, it completed acquisitions of Sandstorm Gold and Horizon Copper, adding further royalty, stream and other mining interests to its portfolio. [https://www.riotinto.com/en/news/releases/2022/rio-tinto-completes-sale-of-cortez-gold-royalty-for-525-million-in-cash] [https://royalgold.com/investors/Sandstorm-Gold-and-Horizon-Copper-Transaction/default.aspx]\n[https://www.royalgold.com/our-company-story/the-royal-gold-story/default.aspx][https://www.sec.gov/Archives/edgar/data/85535/000095013406010745/d36674exv99w1.htm][https://royalgold.com/investors/events-and-presentations/presentations/presentation-details/2008/royal-gold-to-acquire-barrick-golds-royalty-portfolio-presentation/default.aspx][https://www.prnewswire.com/news-releases/royal-gold-and-international-royalty-corporation-complete-plan-of-arrangement-84972172.html][https://www.riotinto.com/en/news/releases/2022/rio-tinto-completes-sale-of-cortez-gold-royalty-for-525-million-in-cash][https://royalgold.com/investors/Sandstorm-Gold-and-Horizon-Copper-Transaction/default.aspx]",
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