ROYAL GOLD INC

ROYAL GOLD INC acquires and manages precious metal streams, royalties, and similar interests. The company focuses on acquiring existing stream and royalty interests or financing projects in production, development, or exploration stages in exchange for stream or royalty interests. ROYAL GOLD INC does not conduct mining operations on properties where it holds interests and is generally not required to contribute to capital, environmental, or other operating costs. The company continuously reviews opportunities to expand its portfolio through creating or acquiring new or existing stream or royalty interests or other acquisition activities. This review process may involve engaging consultants and advisors, analyzing financial, legal (including corporate governance), and technical information (including environmental issues concerning air, water, biodiversity, and social impacts), submitting indications of interest and term sheets, participating in discussions and negotiations, and involvement in competitive bidding processes. For the year ended December 31, 2025, ROYAL GOLD INC reported record revenue of $1.0 billion, a 43% increase from $719.4 million in the prior year. Net operating cash flow reached a record $704.8 million, a 33% increase from $529.5 million in the prior year. The calendar year dividend was increased to $1.90 per basic share, paid quarterly throughout calendar year 2026, representing a 6% increase compared to the dividend paid during calendar year 2025.