Royal Gold Q2 stream sales of ~40,600 GEOs; avg gold $3,248/oz

ROYAL GOLD INC

Sold ~40,600 GEOs (32,200 oz gold, 578,700 oz silver, 1,100 tonnes copper) in Q2 2025.
Average realized prices: gold $3,248/oz, silver $32.91/oz, copper $9,210/tonne ($4.18/lb).
Cost of sales ~$596/GEO; inventory at quarter-end: 12,700 oz gold, 341,000 oz silver.
Full Q2 2025 results due after market close Aug 6, 2025; conference call Aug 7.
Q2 2025 conference call details provided; webcast on company website.

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