Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of streams, royalties and similar production-based interests on mining assets. By partnering with capable operators, we focus on building and managing a diversified, cash-flowing portfolio of precious metal stream and royalty interests, while also accumulating a pipeline of earlier stage interests that are not yet cash-flowing but have the potential to generate cash flow in the future.

A stream is a purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. A royalty is a non-operating interest in a mine that provides the right to a percentage of revenue or metal produced after deducting specified costs, if any. Royal Gold does not conduct work on the properties in which we hold stream and royalty interests, and we are not responsible for contributing to exploration, operating, environmental or capital costs on those properties.

Royal Gold owns a large portfolio of stream and royalty interests located in some of the world’s most prolific gold regions, and we maintain upside potential through the realization of exploration success and production expansions by the operators of those assets. This successful business model generates strong cash flow and high margins with a low-cost structure, providing shareholders with a premium precious metals investment and a unique opportunity to capture value without incurring many of the costs and risks associated with mine operations.

Royal Gold, Inc. is based in Denver, Colorado, and is publicly traded on the NASDAQ Global Select Market, under the symbol “RGLD.”