Royal Gold
Royal Gold is a leading precious metals streaming and royalty company that acquires and manages non-operating interests in mining projects. The company provides upfront capital to mine operators in exchange for the right to purchase metal production at a fixed price or to receive a percentage of mineral revenue. This business model allows for exposure to metal price appreciation and production growth without the direct risks and costs associated with mine operations and capital expenditures.
Financials
Based on Q1 2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Acquisition and Management of Stream Interests
primaryThis segment involves purchase agreements that provide the right to buy a portion of a mine's metal production at a predetermined price for the life of the transaction in exchange for an upfront deposit.
Metal Streams, Gold Streams, Silver Streams
Mining Companies, Project Developers
Acquisition and Management of Royalty Interests
majorThis segment manages non-operating interests that provide the right to a percentage of revenue or metals produced from a project, typically after deducting specific contract-defined costs.
Gross Smelter Return (GSR) Royalty, Net Smelter Return (NSR) Royalty, Net Profits Interest (NPI) Royalty, Net Value Royalty (NVR)
Mining Companies, Exploration Firms
Segment Financials
Stream interest — Revenue (Note 8)
View metricStream interest — Cost of sales (excludes depreciation, depletion and amortization)
View metricStream interest — Stream and royalty interests, net (Note 3)
View metricRoyalty interest — Gross Profit
View metricRoyalty revenue: — Revenue (Note 8)
View metricRoyalty interest — Revenue (Note 8)
View metricBusiness Overview
Competitive Position
A major player in the precious metals streaming and royalty sector, characterized by a high-margin, diversified portfolio of interests across various mining jurisdictions and stages of development.
Geographies
North America, South America, Central America, EMEA, Australia Pacific
Customer Segments
Mining Operators, Junior Miners, Resource Developers
Upstream Dependencies
Mining equipment and labor, Geological data providers, Capital markets for financing
Downstream Customers
Metal refineries, Bullion banks, Industrial metal consumers
Competitors & Partners
Competitors
Similar Companies
Subsidiaries
Horizon Copper Corp
Acquired entity involved in copper interests
Royal Gold FAQ
Common questions about Royal Gold
Royal Gold is a leading precious metals streaming and royalty company that acquires and manages non-operating interests in mining projects. The company provides upfront capital to mine operators in exchange for the right to purchase metal production at a fixed price or to receive a percentage of mineral revenue. This business model allows for exposure to metal price appreciation and production growth without the direct risks and costs associated with mine operations and capital expenditures.
Royal Gold (RGLD) has a market capitalization of $19.2B and trades on NASDAQ.
Royal Gold generated $1.3B in trailing twelve-month revenue with net income of $633.9M, representing a net margin of 48.5%. Gross margin stands at 87.2%. These figures are based on the Q1 2026 filing.
Royal Gold's key competitors include Franco-Nevada Corporation, Osisko Gold Royalties Ltd, Wheaton Precious Metals Corp., and others. These companies compete in similar markets and product categories.
Royal Gold has approximately 30 employees.