{"schema_version":"secwatch.filing_event.v1","accession":"0000085535-26-000002","form_type":"8-K","ticker":"RGLD","cik":"0000085535","company_name":"ROYAL GOLD INC","filed_at":"2026-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.829272+00:00","generated_at":"2026-05-16T10:44:53.865749+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Royal Gold reports Q4 2025 stream sales of 64k GEOs; cuts debt $400M post-Sandstorm","bullets":["Q4 2025 stream segment sales of 64k GEOs (58,200 from RGLD Gold AG, 5,800 from Sandstorm portfolio).","Cost of sales: $809/GEO for RGLD Gold AG, $496/GEO for Sandstorm portfolio; gold realized $4,071/oz and $4,240/oz.","Debt reduced $400M since Sandstorm close: $900M outstanding Dec 31, then $825M after Jan 12 repayment.","Restructured Bear Creek interests for $6.2M cash, incremental 1.75% NSR on Corani (total 2.75%), and Highlander shares.","Highlander/Bear Creek combination expected Q1 2026; Royal Gold to terminate Mercedes stream obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0000085535-26-000002","json":"https://secwatch.observer/filing/0000085535-26-000002.json","markdown":"https://secwatch.observer/filing/0000085535-26-000002.md","text":"https://secwatch.observer/filing/0000085535-26-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/85535/000008553526000002/0000085535-26-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/85535/000008553526000002/rgld-20260113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:44:53.865749+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"}