---
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"
generated_at: "2026-05-16T10:44:53.865749+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Royal Gold reports Q4 2025 stream sales of 64k GEOs; cuts debt $400M post-Sandstorm

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000085535-26-000002
- JSON: https://secwatch.observer/filing/0000085535-26-000002.json
- Plain text: https://secwatch.observer/filing/0000085535-26-000002.txt

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