---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000145"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-10-14T23:59:59+00:00"
generated_at: "2026-05-17T04:02:03.734814+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000085535-25-000145
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-10-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000008553525000145/0000085535-25-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000145/rgld-20251014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000145
- JSON: https://secwatch.observer/filing/0000085535-25-000145.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000145.txt

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