Royal Gold Q3 2025 stream sales: 48,000 GEOs, avg gold price $3,415/oz

ROYAL GOLD INC

Sold ~48,000 GEOs (38,600 oz gold, 594,500 oz silver, 1,200 tonnes copper) in Q3 2025.
Average realized prices: gold $3,415/oz, silver $37.90/oz, copper $9,660/tonne ($4.38/lb).
Cost of sales ~$653 per GEO for streaming agreements.
Inventory at Sep 30: 19,000 oz gold, 379,200 oz silver.
Full Q3 2025 results to be released Nov 5; conference call Nov 6 at 12:00 p.m. ET.

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