---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000119"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T20:16:04.499260+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Royal Gold reports record Q2 revenue $209.6M, EPS $2.01; agrees to acquire Sandstorm Gold and Horizon Copper

## Summary
- Net income $132.3M ($2.01 EPS); adjusted EPS $1.81; revenue $209.6M (record).
- Revenue split 78% gold, 11% silver, 7% copper; sales 63,900 GEOs; Adj. EBITDA margin 84%.
- Paid quarterly dividend $0.45/share, 12.5% increase YoY; liquidity ~$1.25B.
- Post-quarter: agreements to acquire Sandstorm Gold and Horizon Copper; acquired Kansanshi gold stream from First Quantum.
- Mount Milligan operator Centerra lowered gold production guidance; mine life extension PFS on track for Q3 2025.

## SEC filing metadata
- accession: 0000085535-25-000119
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000008553525000119/0000085535-25-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000119/rgld-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000119
- JSON: https://secwatch.observer/filing/0000085535-25-000119.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000119.txt

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