---
schema_version: "secwatch.filing_event.v1"
accession: "0000085535-25-000158"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:29:08.102809+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Royal Gold Q3 record revenue $252.1M, operating cash flow $174.0M, dividend up 12.5%

## Summary
- Net income $126.8M ($1.92/sh); adjusted net income record $136.2M ($2.06/sh).
- Revenue $252.1M (78% gold, 12% silver, 7% copper); 72,900 GEOs sold.
- Operating cash flow record $174.0M; adjusted EBITDA margin 82%.
- Quarterly dividend raised 12.5% to $0.45/sh; closed acquisitions of Sandstorm Gold and Horizon Copper.
- Mount Milligan PFS extends mine life to 2045; proven reserves up 56% gold, 52% copper.

## SEC filing metadata
- accession: 0000085535-25-000158
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2025-11-05T23:59:59+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/85535/000008553525000158/0000085535-25-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000008553525000158/rgld-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-25-000158
- JSON: https://secwatch.observer/filing/0000085535-25-000158.json
- Plain text: https://secwatch.observer/filing/0000085535-25-000158.txt

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