Highest-materiality recent filing
Royal Gold reports preliminary Q2 stream sales $311M, repays $200M debt
Stream segment sales $311M (69,000 GEOs) at cost of sales $871/GEO; gold 54,500 oz sold, silver 595,500 oz, copper 2.5M lb, zinc 1.3M lb.
Royal Gold shareholders elect Chubbs and Veenman, approve say-on-pay and auditor
Fabiana Chubbs re-elected with 61.9M votes for (97.2% of votes cast), Sybil Veenman re-elected with 52.5M for.
Royal Gold Q1 2026: record revenue $469.1M, net income $281.1M ($3.30 EPS)
Revenue $469.1M, record operating cash flow $293.6M; prior-year revenue $193.4M.
Royal Gold issues 2026 sales guidance, five-year outlook, repays $125M debt
Gold 290-320k oz, silver 3.0-3.5M oz, copper 21-25M lbs; DD&A $339-379M; tax rate 17-22%
Royal Gold reports record Q4 revenue $375.3M, full-year revenue $1,030.5M
Q4 revenue $375.3M (vs $202.6M YoY); operating cash flow $241.7M (vs $141.1M).
Royal Gold reports Q4 2025 stream sales of 64k GEOs; cuts debt $400M post-Sandstorm
Q4 2025 stream segment sales of 64k GEOs (58,200 from RGLD Gold AG, 5,800 from Sandstorm portfolio).
Royal Gold Q3 record revenue $252.1M, operating cash flow $174.0M, dividend up 12.5%
Net income $126.8M ($1.92/sh); adjusted net income record $136.2M ($2.06/sh).
Issued ~18.6M shares to Sandstorm shareholders; legacy RGLD holders own 77.5% of combined company.
Royal Gold Q3 2025 stream sales: 48,000 GEOs, avg gold price $3,415/oz
Sold ~48,000 GEOs (38,600 oz gold, 594,500 oz silver, 1,200 tonnes copper) in Q3 2025.
99.1% of Royal Gold votes cast favored stock issuance for Sandstorm acquisition.
Mount Milligan PFS confirms ~10-year mine-life extension to 2045; reserves up 56%
Centerra's PFS extends Mount Milligan LOM to 2045; throughput to rise 10% to ~66,300 tpd in 2029.
Net income $132.3M ($2.01 EPS); adjusted EPS $1.81; revenue $209.6M (record).
Royal Gold acquires Kansanshi gold stream; $1.0B advance, 35-40k oz/yr gold deliveries
Advance payment of $1.0B for gold stream linked to Kansanshi copper production; stream rates: 75 oz per million lbs Cu initially.
Royal Gold to acquire Sandstorm Gold in stock deal and Horizon Copper for C$2.00/share
Sandstorm shareholders receive 0.0625 RGLD share per SAND share in all-stock transaction.
Royal Gold Q2 stream sales of ~40,600 GEOs; avg gold $3,248/oz
Sold ~40,600 GEOs (32,200 oz gold, 578,700 oz silver, 1,100 tonnes copper) in Q2 2025.
Royal Gold to acquire Sandstorm Gold (~$3.5B equity) and Horizon Copper (~$196M cash)
Royal Gold to acquire Sandstorm in all-stock deal at 0.0625x exchange ratio; 21% premium to 20-day VWAP.
Royal Gold extends revolver maturity to 2030, increases accordion to $400M, eases leverage test
Maturity extended from June 28, 2028 to June 30, 2030.
Royal Gold stockholders approve 2025 Incentive Plan, elect directors
Plan authorizes up to 2,642,905 shares of common stock (350,000 new + 2,292,905 from prior plan).
Royal Gold reports record Q1 net income of $113.5M, EPS $1.72; dividend raised 12.5% to $0.45
Record Q1 net income $113.5M ($1.72 diluted EPS); adjusted EPS $1.51 on revenue $193.4M.
Royal Gold amends exec employment contract with Daniel Breeze; base salary CHF 458K
Amended and restated employment contract for SVP Corporate Development Daniel Breeze, effective April 16, 2025.
Royal Gold Q1 2025 stream sales: 42,800 GEOs sold; avg gold price $2,842/oz
Stream segment sold approx 42,800 GEOs (33,300 oz gold, 597,400 oz silver, 1,000 t copper) in Q1 2025.
Royal Gold enters new employment agreements with CEO, CFO, and two SVPs; sets base salaries
CEO William Heissenbuttel base salary set at $918,000; CFO Paul Libner at $492,000; SVPs Raffield and Shefman at $475,000 each.
Royal Gold issues 2025 guidance: 210k-230k oz gold, 13.5-16M lb copper, DD&A $126-142M
Gold sales 210k-230k oz, silver 2.7-3.3M oz, copper 13.5-16.0M lb, other metals $18-21M.
Kevin McArthur notified Royal Gold of his resignation from the Board, effective after the May 22, 2025 annual meeting.
Royal Gold files 8-K/A to correct mineral reserve/resource disclosure and remove table totals
Amendment revises wording under 'Third-party Information' and 'Mineral Reserves and Mineral Resources' sections.
FY2024 record revenue $719.4M (+19% YoY), net income $332M ($5.04 EPS), operating cash flow $529.5M (+27%).
Royal Gold sells ~46,900 GEOs in Q4 2024; avg gold price $2,662/oz
Sold ~46,900 GEOs (36,600 oz gold, 478,900 oz silver, 1,300 tonnes copper) in Q4 2024.
Royal Gold provides mineral reserve/resource update as of Nov 2024
Total proven & probable gold reserves: 78.7M oz (20.9M proven, 57.9M probable).
Royal Gold extends three exec agreements; amends bylaws for shareholder proposal deadlines
Employment agreements with Heissenbuttel, Libner, Shefman extended to April 2, 2025.
Royal Gold reports record Q3 revenue $193.8M, net income $96.2M; debt-free
Revenue $193.8M (record, +40% YoY); net income $96.2M (+95% YoY); record adjusted EPS $1.47.
Royal Gold sells 53,800 GEOs in Q3 2024; avg gold price $2,459/oz
Sold ~53,800 gold equivalent ounces: 40,700 oz gold, 688,200 oz silver, 1,400 tonnes copper.
Royal Gold extends consulting agreement with former COO Mark Isto to Dec 2025
Former EVP & COO Mark Isto's consulting agreement extended to December 31, 2025 (from August 31, 2024).
Royal Gold Q2 net income $81.2M, adjusted EPS $1.25 record; returns to net cash position
Net income of $81.2M ($1.23 diluted EPS); adjusted net income of $82.6M ($1.25) – a quarterly record.
Royal Gold provides Q2 2024 stream segment sales: 52,600 GEOs, avg gold $2,339/oz
Sold ~52,600 GEOs (39,200 oz gold, 593,200 oz silver, 1,500 tonnes copper) in Q2 2024.
Royal Gold shareholders elect directors, approve executive compensation and auditor
William Heissenbuttel and Jamie Sokalsky elected as Class I directors with 53.2M and 52.0M votes for, respectively.
Royal Gold Q1 net income $47.2M ($0.72 EPS); adjusted EPS $0.91; debt reduced to $75M post-quarter
Revenue $148.9M, operating cash flow $138.3M; adjusted EBITDA margin 79%.
2024 sales guidance: gold 215-230k oz, silver 3.2-3.8M oz, copper 14-16M lb, other metals $17-20M.
Royal Gold Q1 2024 stream sales: ~49,500 GEOs, avg gold $2,054/oz, cost $436/GEO
Sold ~49,500 GEOs in Q1 streams: 38,100 oz gold, 635,000 oz silver, 1,100 tonnes copper. Inventory at Mar 31: 16,800 oz gold, 349,400 oz silver, 400 tonnes copper.
Royal Gold posts strong FY2023 results; secures Mount Milligan mine life extension to 2035
FY2023 net income $239.4M ($3.63/share) on revenue $605.7M; Q4 net income $62.8M ($0.95/share).
Royal Gold Q4 2023 stream sales: ~49,900 GEOs; gold 39,100 oz at avg $1,955/oz
Sold ~49,900 gold equivalent ounces (GEOs); gold 39,100 oz, silver 556,300 oz, copper 1,100 tonnes.
Royal Gold Q3 2023 net income $49.3M ($0.75 EPS); revenue up 5% YoY to $138.6M
Net income $49.3M ($0.75 diluted EPS); adjusted EPS $0.76; revenue $138.6M (+5% YoY).
Royal Gold Q3 stream sales: 51.3K GEO; Peñasquito strike near resolution
Q3 stream sales: ~51,300 GEOs (37,500 oz gold, 613,700 oz silver, 1,500 t copper); avg realized gold $1,933/oz.
Royal Gold's planned acquisition of royalties on Serrote and Santa Rita mines in Brazil was contingent on ACG's purchase of those mines from Appian.
Royal Gold EVP/COO Mark Isto retires; enters consulting agreement through Aug 2024
Mark Isto retired as EVP & COO effective Sept 14, 2023; will consult through Aug 31, 2024.
Royal Gold sets Sep 14 as COO Mark Isto's retirement; appoints Martin Raffield
Mark Isto retires as EVP & COO of Royal Gold Corp effective Sep 14, 2023; resignation not due to any disagreement.
Royal Gold: Serrote/Santa Rita royalty deal unresolved, long-stop date passed
ACG's acquisition agreement revisions yet to be agreed; long-stop date of Aug 18, 2023 passed.
Royal Gold updates on Serrote/Santa Rita royalty acquisition; ACG deal may not close by Aug 18
ACG continues discussing transaction structure improvements with anchor investors and Appian, but no agreement reached yet.
Royal Gold Q2 EPS $0.97, revenue $144M; enters $250M Brazil royalty deal, cuts debt $100M
Net income $63.4M ($0.97 diluted EPS); adjusted EPS $0.88.
Royal Gold Q2 2023 stream segment sold 53,700 GEOs; avg gold $1,983/oz
Sold 53,700 GEOs: 40,500 oz gold, 800,900 oz silver, 800 tonnes copper.
Royal Gold extends revolving credit facility maturity to 2028, replaces LIBOR with Term SOFR
Maturity date extended from July 7, 2026 to June 28, 2028 under Fifth Amendment.
On February 13, 2025, Kevin McArthur notified Royal Gold, Inc. (the “Company”) of his intention to resign from the Company’s Board of Directors, effective upon the conclusion of the Company’s annual meeting of stockholders on May 22, 2025.
the Board of Directors of Royal Gold accepted Mr. Isto’s resignation and termination of employment, effective September 14, 2023.
Also on August 22, 2023, and the Board appointed Dr. Martin Raffield, the Company’s Vice President, Operations, to assume Mr. Isto’s responsibilities as the principal operating officer of the Company, effective September 14, 2023.
On August 22, 2023, the Board accepted Mr. Isto’s resignation and termination of employment effective September 14, 2023.
On May 24, 2023, Mark Isto, Executive Vice President and Chief Operating Officer of Royal Gold Corporation, provided his notice of retirement and resignation to Royal Gold, Inc. (the “Company”), which will become effective on a date to be determined between September 1, 2023, and December 31, 2023.
During the next several months, Mr. Isto will begin transitioning his responsibilities to Dr. Martin Raffield, Vice President, Operations.
Max materiality 1.00 · Median 0.60 · Most common event other_material