Business Segments · Depletion
Stream interest — Depletion
Royal Gold Stream interest — Depletion increased by 3.1% to $53.58M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 163.2%, from $20.35M to $53.58M. Over 4 years (FY 2021 to FY 2025), Stream interest — Depletion shows a downward trend with a -7.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2017
Last reportedQ1 2026
How to read this metric
Higher depletion relative to production indicates a faster rate of reserve exhaustion or higher acquisition costs per unit of production.
Detailed definition
This is the non-cash expense representing the systematic allocation of the cost of stream and royalty interests over the...
Peer comparison
Comparable to depletion or amortization of mineral assets at peer companies.
Metric ID:
rgld_segment_stream_interest_depletionHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $38.75M | $41.92M | $37.33M | $36.38M | $37.79M | $32.58M | $36.78M | $33.75M | $29.35M | $30.43M | $27.58M | $27.40M | $26.12M | $26.67M | $22.60M | $20.35M | $19.27M | $21.29M | $51.95M | $53.58M |
| QoQ Change | — | +8.2% | -11.0% | -2.6% | +3.9% | -13.8% | +12.9% | -8.2% | -13.0% | +3.7% | -9.4% | -0.7% | -4.7% | +2.1% | -15.3% | -9.9% | -5.3% | +10.5% | +144.0% | +3.1% |
| YoY Change | — | — | — | — | -2.5% | -22.3% | -1.5% | -7.2% | -22.3% | -6.6% | -25.0% | -18.8% | -11.0% | -12.4% | -18.1% | -25.7% | -26.2% | -20.2% | +129.8% | +163.2% |
Range$19.27M – $53.58M
CAGR+7.1%
Avg YoY Growth+4.6%
Median YoY Growth-15.2%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Royal Gold's stream interest — depletion?
- Royal Gold (RGLD) reported stream interest — depletion of $53.58M in Q1 2026.
- How has Royal Gold's stream interest — depletion changed year-over-year?
- Royal Gold's stream interest — depletion increased by 163.2% year-over-year, from $20.35M to $53.58M.
- What is the long-term trend for Royal Gold's stream interest — depletion?
- Over 4 years (2021 to 2025), Royal Gold's stream interest — depletion has grown at a -7.0% compound annual growth rate (CAGR), from $150.59M to $112.86M.
- What does stream interest — depletion mean?
- The non-cash accounting charge for the exhaustion of mineral reserves associated with streaming assets.