{"schema_version":"secwatch.filing_event.v1","accession":"0000085535-25-000112","form_type":"8-K","ticker":"RGLD","cik":"0000085535","company_name":"ROYAL GOLD INC","filed_at":"2025-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.501720+00:00","generated_at":"2026-05-17T21:12:40.232109+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Royal Gold acquires Kansanshi gold stream; $1.0B advance, 35-40k oz/yr gold deliveries","bullets":["Advance payment of $1.0B for gold stream linked to Kansanshi copper production; stream rates: 75 oz per million lbs Cu initially.","Expected gold deliveries: ~12,500 oz in 2025, averaging 35,000-40,000 oz/yr over next 10 years.","Funding: $825M drawn on revolver, plus $400M accordion exercised, increasing facility to $1.4B; no equity issuance.","Royal Gold pays 20% of spot gold per ounce, increasing to 35% upon certain debt ratio or credit rating thresholds.","Transaction accretive per share; Kansanshi mine operated by First Quantum with >20-year mine life."],"urls":{"canonical":"https://secwatch.observer/filing/0000085535-25-000112","json":"https://secwatch.observer/filing/0000085535-25-000112.json","markdown":"https://secwatch.observer/filing/0000085535-25-000112.md","text":"https://secwatch.observer/filing/0000085535-25-000112.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/85535/000008553525000112/0000085535-25-000112-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/85535/000008553525000112/rgld-20250805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:12:40.232109+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}