Royal Gold posts preliminary Q2 2026: $311.0M stream sales, $137–142M royalty sales estimate

Royal Gold provided preliminary results for the quarter ended June 30, 2026, reporting estimated stream segment sales of $311.0 million and royalty segment sales in a range of $137 million to $142 million. The company estimated DD&A of $95 million to $99 million for the quarter and disclosed the repurchase and cancellation of 147,205 shares for $30 million. Final results will be released after market close on August 5, 2026, with a conference call on August 6, 2026.

Financial Highlights

• Stream segment sales: $311.0 million (preliminary).
• Royalty segment sales: $137 million to $142 million (preliminary range).
• Depreciation, depletion and amortization (DD&A): $95 million to $99 million (preliminary range).
• Share repurchase: 147,205 shares repurchased and cancelled for $30 million at an average price of $203.80 per share.
• Debt repayment / liquidity: $200 million of debt repaid; revolving credit facility outstanding balance $400 million with $1.0 billion undrawn and available as of June 30, 2026.

Business Highlights

• Production-related metrics (preliminary): Gold equivalent ounces (GEOs) of 69,000 for the stream segment; cost of sales estimated at $871 per GEO.
• Commodity deliveries and inventory (preliminary): Stream metal deliveries included 54,500 oz gold (27,400 oz ending inventory), 595,500 oz silver (371,200 oz ending inventory), 2.5 Mlb copper (0.7 Mlb ending inventory), and 1.3 Mlb zinc.
• Relief Canyon settlement: Reached agreement with Americas Gold and Silver to settle remaining fixed gold delivery obligations; received immediate delivery of 5,000 oz of gold (sold in Q2) and 2,652,532 common shares of Americas, and recognized ~ $12 million additional DD&A related to the gold sale. Royal Gold’s royalty and stream interests at Relief Canyon remain intact.
• Project funding: Funded $70 million in project costs related to the Hod Maden restructuring and made a $50 million advance payment under the Warintza stream agreement to Solaris Resources.

Original SEC Filing: ROYAL GOLD INC [ RGLD ] - 8-K - Jul. 21, 2026