Royal Gold issues 2025 guidance: 210k-230k oz gold, 13.5-16M lb copper, DD&A $126-142M

ROYAL GOLD INC

Gold sales 210k-230k oz, silver 2.7-3.3M oz, copper 13.5-16.0M lb, other metals $18-21M.
DD&A expected $126-142M; effective tax rate 17-22%.
Sales split ~45%/55% H1/H2; lower silver guidance driven by Pueblo Viejo deferrals.
First Mount Milligan Deferred Gold Consideration delivery of 11,111 oz expected Q3 2025.
Assumes no new acquisitions and no unusual tax items.

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