A precious metals streaming and royalty company that finances mines around the world in exchange for the right to buy a portion of their gold, silver, and copper output at set prices—without operating a single mine itself. Founded in 1981 as Royal Resources Corporation, an oil-and-gas firm, it pivoted to gold after the 1986 oil-price collapse, keeping the "Royal" name and adding "Gold." Its founder, H. Stanley Dempsey, was later inducted into the National Mining Hall of Fame.
Royal Gold stockholders elect two Class III directors and approve executive compensation and EY ratification at 2026 annual meeting.
Fabiana Chubbs was elected as a Class III director with 61,891,643 votes for and 1,761,909 against, plus 9,300,739 broker non-votes.
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Royal Gold, Inc. held its 2026 Annual Meeting of Stockholders on May 21, 2026.
Sybil Veenman was elected as a Class III director with 52,539,715 votes for and 11,134,415 against, plus 9,300,739 broker non-votes.
The advisory vote on named executive officer compensation passed with 60,618,443 votes for, 2,852,803 against, and 260,835 abstentions.
The ratification of Ernst & Young LLP as independent auditor for fiscal year 2026 passed with 72,301,027 votes for, 655,184 against, and 76,609 abstentions.
5.07 Submission of Matters to a Vote of Security Holders
Royal Gold reports record Q1 2026 revenue of $469.1M, operating cash flow of $293.6M, and net income of $281.1M.
Record revenue of $469.1 million for the quarter ended March 31, 2026, up 142.5% from $193.4 million in the prior year period.
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Record operating cash flow of $293.6 million and record net income of $281.1 million ($3.30 per share), with adjusted net income of $232.9 million ($2.72 per share).
Sales volume of 96,300 GEOs, up 42.5% from 67,600 in the prior year period; adjusted EBITDA margin of 83%.
Board authorized a $500 million share repurchase program and a new $600 million uncommitted accordion feature was added to the $1.4 billion revolving credit facility.
Royal Gold reports Q4 2025 stream sales of ~64,000 GEOs and debt reduced to $825M.
RGLD Gold AG contributed 58,200 GEOs at a cost of sales of $809/GEO; the Sandstorm portfolio contributed 5,800 GEOs at $496/GEO for the period from October 20 to December 31, 2025.
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Consolidated stream segment sales were approximately 64,000 gold equivalent ounces (GEOs) for the quarter ended December 31, 2025.
Total stream segment sales for 2025 were approximately 195,400 GEOs.
Outstanding borrowings were reduced by $400 million since the Sandstorm acquisition closing, with $825 million drawn on the revolving credit facility as of January 12, 2026.
Royal Gold entered agreements to restructure Bear Creek investments, expecting to receive $6.2 million cash, an incremental 1.75% NSR royalty on Corani, and a 2.0% NSR royalty on Mercedes Mine upon closing of the Highlander/Bear Creek transaction.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Royal Gold reports record Q3 2025 revenue of $252.1M and operating cash flow of $174.0M
Net income for Q3 2025 was $126.8 million, or $1.92 per share, on revenue of $252.1 million.
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Adjusted net income was a record $136.2 million, or $2.06 per share, with an adjusted EBITDA margin of 82%.
Sales volume was 72,900 gold equivalent ounces (GEOs), with revenue split 78% gold, 12% silver, 7% copper.
The company drew $825 million on its revolving credit facility and repaid $50 million, and paid a quarterly dividend of $0.45 per share, a 12.5% increase over the prior year period.
Subsequent to quarter end, Royal Gold closed acquisitions of Sandstorm Gold and Horizon Copper, and received 11,111 ounces of gold from Mount Milligan Cost Support Agreement.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits