Royal Gold publishes investor presentation on gold-focused streaming and royalty model
RGLD•Royal Gold outlines gold-focused streaming and royalty strategy
Royal Gold outlined a precious-metals royalty and streaming strategy, with 2025 revenue of USD 1.03 billion.
Portfolio remained gold-weighted, with gold at 78% of 2025 revenue; precious metals represented 89% of revenue.
2025 deals and investments
The company highlighted 2025 deals totaling USD 5.3 billion, including the Sandstorm and Horizon acquisition for USD 4.1 billion.
Additional 2025 investments included a USD 1 billion Kansanshi gold stream; USD 200 million Warintza gold stream and royalty.
2025 financial performance
2025 adjusted EBITDA totaled USD 848 million, implying an 82% margin; operating cash flow was USD 705 million.
