Revenue: As of FY2025 Q4, the actual value is USD 263.79 M.<h4>Stream Segment Sales</h4>皇家黄金 (Royal Gold, Inc.) reported consolidated stream segment sales of approximately 64,000 gold equivalent ounces (GEOs) for the three-month period ended December 31, 2025. Total stream segment sales for 2025 were approximately 195,400 GEOs.<h5>RGLD Gold AG (October 1 – December 31, 2025)</h5><ul><li>GEOs: 58,200</li><li>Cost of Sales: $809/GEO</li><li>Gold Sales: 48,100 oz at an average realized price of $4,071/oz</li><li>Silver Sales: 610,900 oz at an average realized price of $50.90/oz</li><li>Copper Sales: 2.7 Mlbs at an average realized price of $5.09/lb</li></ul><h5>Sandstorm Portfolio (October 20 – December 31, 2025)</h5><ul><li>GEOs: 5,800</li><li>Cost of Sales: $496/GEO</li><li>Gold Sales: 5,000 oz at an average realized price of $4,240/oz</li><li>Silver Sales: 15,100 oz at an average realized price of $66.79/oz</li><li>Zinc Sales: 1.3 Mlbs at an average realized price of $1.49/lb</li></ul><h4>Ending Period Inventory (as of December 31, 2025)</h4><ul><li>Gold: 19,700 oz</li><li>Silver: 328,800 oz</li><li>Copper: 0.7 Mlbs</li></ul><h4>Balance Sheet Update</h4>皇家黄金 (Royal Gold, Inc.) reduced outstanding borrowings by $400 million since the closing of the Sandstorm transaction on October 20, 2025. The outstanding debt on October 10, 2025, was $1,225 million drawn on a $1.4 billion revolving credit facility. During the fourth quarter, $325 million of debt was repaid, resulting in an outstanding balance of $900 million as of December 31, 2025. A further $75 million was repaid on January 12, 2026, bringing the outstanding balance on the revolving credit facility to $825 million, with $575 million remaining undrawn and available.<h4>Non-Core Asset Rationalization</h4>皇家黄金 (Royal Gold, Inc.) will receive $6.2 million in cash consideration as part of its agreements to restructure equity and various debt investments in Bear Creek Mining Corporation. The company will also gain an incremental secured 1.75% net smelter return (NSR) royalty on the Corani Project in Peru, totaling 2.75%, and an unsecured 2.0% NSR royalty on the Mercedes Mine.<h4>Outlook / Guidance</h4>皇家黄金 (Royal Gold, Inc.) anticipates the closing of the Highlander/Bear Creek transaction and related agreements in the first quarter of 2026. This transaction is expected to create a larger and well-capitalized company better positioned to advance the Corani Project. The company also expects to continue making future repayments under its revolving credit facility.

Royal Gold | 8-K: FY2025 Q4 Revenue: USD 263.79 M