---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000057"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:52:00.906097+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000085535-25-000057
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000008553525000057/0000085535-25-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000057/rgld-20250313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000057
- JSON: https://secwatch.observer/filing/0000085535-25-000057.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.