Royal Gold Inc Stock Price, News & Analysis

Royal Gold (NASDAQ: RGLD) announced significant findings from Centerra Gold's pre-feasibility study (PFS) for the Mount Milligan mine in British Columbia. The study confirms a 10-year life of mine extension to 2045, with potential for further extensions.

Key highlights include a planned 10% increase in process plant throughput to 66,300 tonnes per day by 2029, and expected average annual production of 150,000 ounces of gold and 69 million pounds of copper from 2026 to 2042. The PFS revealed substantial reserve increases of 56% in gold (to 4.4 million ounces) and 52% in copper (to 1.7 billion pounds) compared to 2024 levels.

The project's permitting process is underway, with key permit amendment decisions expected in first half of 2026 and second tailings storage facility construction planned for 2032.

Royal Gold (NASDAQ: RGLD) has filed a definitive proxy statement with the SEC regarding its planned acquisition of Sandstorm Gold Ltd. The special stockholder meeting is scheduled for October 9, 2025, where shareholders of record as of August 29, 2025, will vote on the issuance of Royal Gold common stock for the transaction.

The transaction involves two key components: the Sandstorm Transaction, which will make Sandstorm a wholly-owned subsidiary of Royal Gold, and the Horizon Transaction, involving Royal Gold's proposed acquisition of Horizon Copper Corp. The closing is expected in Q4 2025, subject to stockholder approvals, regulatory clearances, and other customary conditions. Notably, competition law approvals from Canada and South Africa have been received, while the Investment Canada Act review is ongoing.

Royal Gold (NASDAQ: RGLD) has declared its fourth quarter dividend of $0.45 per share of common stock. The dividend will be paid on October 17, 2025, to shareholders of record as of October 3, 2025.

Royal Gold operates as a high-margin, mid-cap company focusing on precious metal streams and royalties across mining-friendly jurisdictions. The company maintains a diversified portfolio that generates strong cash flows, offering investors exposure to the metals and mining sector while providing growth, value, and income opportunities.

Royal Gold (NASDAQ:RGLD) reported record-breaking Q2 2025 results with net income of $132.3 million ($2.01 per share) on revenue of $209.6 million and operating cash flow of $152.8 million. The company achieved an impressive 84% adjusted EBITDA margin with sales volume of 63,900 GEOs.

Key developments include the strategic acquisitions of Sandstorm Gold and Horizon Copper, a new gold stream on the Kansanshi mine ($1.0 billion advance payment), and stream/royalty interests in the Warintza project ($200 million). The company increased its quarterly dividend by 12.5% to $0.45 per share and maintains strong liquidity of $1.25 billion.

Revenue composition was predominantly gold (78%), followed by silver (11%), and copper (7%). The company also achieved full repayment of the Pueblo Viejo stream advance during the quarter.

Royal Gold (NASDAQ: RGLD) has entered into a significant precious metals purchase agreement for gold deliveries from the Kansanshi copper-gold mine in Zambia, operated by First Quantum Minerals. The company will make a $1.0 billion advance payment for a gold stream referenced to copper production.

The stream agreement includes tiered delivery rates: 75 ounces of gold per million pounds of copper until 425,000 ounces, 55 ounces until 650,000 ounces, and 45 ounces thereafter. Royal Gold will initially pay 20% of spot gold price per ounce, potentially increasing to 35% based on certain conditions.

The transaction is expected to deliver approximately 12,500 ounces of gold in 2025 and average 35,000-40,000 ounces annually over the next decade. The mine has over 20 years of expected life with proven and probable reserves of 1.070 billion tonnes grading 0.52% copper and 0.10 g/t gold.

Royal Gold (NASDAQ: RGLD) has released its Q2 2025 streaming segment sales update. The company's subsidiary, RGLD Gold AG, sold approximately 40,600 gold equivalent ounces (GEOs), consisting of 32,200 ounces of gold, 578,700 ounces of silver, and 1,100 tonnes of copper. The company achieved average realized prices of $3,248 per gold ounce, $32.91 per silver ounce, and $9,210 per copper tonne.

At quarter-end, inventory stood at 12,700 ounces of gold and 341,000 ounces of silver. Cost of sales was approximately $596 per GEO. The company will release its complete Q2 2025 results after market close on August 6, 2025, followed by a conference call on August 7.

Royal Gold (NASDAQ: RGLD) has announced agreements to acquire Sandstorm Gold Ltd. and Horizon Copper Corp. in transactions valued at approximately $3.5 billion and $196 million respectively. The Sandstorm acquisition involves a share exchange ratio of 0.0625 Royal Gold shares per Sandstorm share, representing a 21% premium, while Horizon shareholders will receive C$2.00 per share in cash, a 85% premium.

The combined transactions will add 40 producing assets to Royal Gold's portfolio, expected to contribute 65,000-80,000 gold equivalent ounces in 2025, increasing production by approximately 26%. The pro forma company will have 80 revenue-producing assets, with no single asset accounting for more than 13% of NAV, making it the most diversified portfolio in the streaming and royalty sector.

Post-transaction, Royal Gold shareholders will own approximately 77% and Sandstorm shareholders 23% of the combined company. The pro forma revenue mix will be approximately 87% from precious metals, with gold contributing 75% of total revenue.

Royal Gold (NASDAQ: RGLD) has announced its participation in the Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. Alistair Baker, Senior Vice President of Investor Relations and Business Development, will deliver a presentation on June 4, 2025, at 11:00 a.m. PDT. A replay of the event will be available on Royal Gold's website starting the week of June 9 and on Renmark's platform.

Royal Gold operates as a high-margin, mid-cap company that generates strong cash flows through its diversified portfolio of precious metal streams, royalties, and production-based interests in mining-friendly jurisdictions. The company's stock trades under the symbol "RGLD" and offers investors exposure to the metals and mining industry while providing growth, value, and income opportunities.

Royal Gold (NASDAQ: RGLD) has declared its third quarter dividend of $0.45 per share of common stock. The dividend will be paid on July 17, 2025, to shareholders of record as of July 3, 2025.

Royal Gold operates as a high-margin, mid-cap company that generates strong cash flows through its diversified portfolio of precious metal streams, royalties, and similar production-based interests in mining-friendly jurisdictions. The company positions itself as an investment vehicle providing exposure to the metals and mining industry for growth, value, and income investors.