Discontinued — last reported Q3 '25
Business Segments · Depletion
Royalty revenue: — Depletion
Royal Gold Royalty revenue: — Depletion decreased by 2.3% to $11.53M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 22.5%, from $9.42M to $11.53M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ3 2025Nov 6, 2025
Rolls up toDepletion Expense
How to read this metric
Higher depletion relative to revenue suggests the company is consuming its asset base faster, potentially requiring new acquisitions to maintain production levels.
Detailed definition
This is the non-cash expense recognized to allocate the cost of acquiring royalty and stream interests over the estimate...
Peer comparison
Comparable to depletion or amortization of mineral rights at other natural resource companies.
Metric ID:
rgld_segment_royalty_revenue_depletionHistorical Data
9 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $12.46M | $8.95M | $9.56M | $11.28M | $9.53M | $9.42M | $12.56M | $11.8M | $11.53M |
| QoQ Change | — | -28.2% | +6.8% | +18.1% | -15.5% | -1.2% | +33.4% | -6.1% | -2.3% |
| YoY Change | — | — | — | -9.5% | +6.6% | -1.5% | +11.3% | +23.8% | +22.5% |
Range$8.95M – $12.56M
CAGR-3.8%
Avg YoY Growth+8.9%
Median YoY Growth+9.0%
Current Streak2 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Royal Gold's royalty revenue: — depletion?
- Royal Gold (RGLD) reported royalty revenue: — depletion of $11.53M in Q3 2025.
- How has Royal Gold's royalty revenue: — depletion changed year-over-year?
- Royal Gold's royalty revenue: — depletion increased by 22.5% year-over-year, from $9.42M to $11.53M.
- What does royalty revenue: — depletion mean?
- The non-cash accounting charge representing the exhaustion of mineral reserves over time.