---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000080"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T10:12:19.751595+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Royal Gold reports record Q1 net income of $113.5M, EPS $1.72; dividend raised 12.5% to $0.45

## Summary
- Record Q1 net income $113.5M ($1.72 diluted EPS); adjusted EPS $1.51 on revenue $193.4M.
- Operating cash flow $136.4M; adjusted EBITDA margin 82%; total available liquidity $1.25B.
- Quarterly dividend increased 12.5% YoY to $0.45 per share.
- GEO sales volume 67,600; revenue split 75% gold, 12% silver, 9% copper.
- Mount Milligan 2025 guidance confirmed; PFS for mine extension on track for Q3 2025.

## SEC filing metadata
- accession: 0000085535-25-000080
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000008553525000080/0000085535-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000080/rgld-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000080
- JSON: https://secwatch.observer/filing/0000085535-25-000080.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000080.txt

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