---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006063"
form_type: "8-K"
ticker: "RGLD"
cik: "0000085535"
company_name: "ROYAL GOLD INC"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:41:15.659744+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Royal Gold reports lower gold reserves at three key properties; Andacollo resources up 12.5%

## Summary
- Andacollo gold mineral reserves fell 5.1% to 0.86M oz; resources rose 12.5% to 1.32M oz.
- Mount Milligan gold reserves and resources decreased primarily due to mining depletion.
- Peñasquito gold reserves declined from mining depletion; resources increased on positive revision.
- Updated mineral resource/reserve estimates as of Dec 31, 2022 for Andacollo, Mount Milligan, and Peñasquito provided.

## SEC filing metadata
- accession: 0001558370-23-006063
- form_type: 8-K
- ticker: RGLD
- cik: 0000085535
- company_name: ROYAL GOLD INC
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/85535/000155837023006063/0001558370-23-006063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/85535/000155837023006063/rgld-20230411x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006063
- JSON: https://secwatch.observer/filing/0001558370-23-006063.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006063.txt

## Key facts
- Earnings Releases
  ROYAL GOLD INC reported financial results for quarter ended March 31, 2023.
  - Period: quarter ended March 31, 2023
  - Result: reported results
  source text: On April 11, 2023, Royal Gold, Inc. (“Royal Gold,” “we,” “our” or “us”) issued a press release with certain information regarding Royal Gold’s stream sales for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/85535/000155837023006063/0001558370-23-006063-index.htm

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