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Royal Gold (RGLD) guidance and outlook

Royal Gold's 10-Q filed Nov 5, 2026 makes 12 forward-looking statements.

Guidance and outlook

12 statements; tone +0.00 (−1 all cautious, +1 all confident); 2 hedged.

Forward-looking statements, 10-Q filed Nov 5, 2026

C ertain information provided in this report about operating properties in which we hold interests, including information about mineral resources and reserves, historical production, production estimates, property descriptions, and property developments, was provided to us by the operators of those properties (including limited information provided by the operator of the Hod Maden project in connection with our…
We seek to acquire existing stream and royalty interests or finance projects that are in the production, development or exploration stage in exchange for stream or royalty interests.
We expect stream interests to continue representing a significant portion of our total revenue.
• Acquisition and Management of Royalty Interests — A royalty is a non-operating interest in a mining project that provides the right to revenue or metals produced from the project after deducting specified costs, if any.
As of September 30, 2026, we owned royalty interests on 64 production stage properties, 26 development stage properties and 253 exploration stage properties, of which we consider 82 to be evaluation stage projects.
On February 26, 2026, we closed the agreement with Bear Creek Mining Corporation (“Bear Creek”) to restructure equity, debt and other interests in Bear Creek and its assets in return for increased royalty exposure to Bear Creek ’ s Corani project and a new royalty interest over the Mercedes project, cash and shares in Highlander Silver Corp.
In consideration for the debt settlement, we received $6.2 million cash, an incremental 1.75% NSR royalty on the Corani project in Peru (bringing the Company ’ s total royalty interest to 2.75%), and a new 2.0% NSR royalty on the Mercedes project.
On April 14, 2026, after the technical approval of the environmental impact assessment and publication of a pre-feasibility study for the Warintza project, we advanced Solaris Resources, Inc.
On July 17, 2026, we completed the restructuring of our ownership in Artmin Madençilik (“Artmin”), the joint venture company that owns 100% of the Hod Maden Project (the “Project”).
Metal prices have fluctuated widely in recent years, and we expect this volatility to continue.
We believe that our current liquidity and capital resources will be adequate to cover anticipated operating needs for the next 12 months, and thereafter for the foreseeable future.
The manner, timing, pricing and amount of any repurchases under the program will be subject to management ’ s discretion and may be based upon market conditions and alternative opportunities for the use or investment of capital.

Royal Gold's latest quarter

Royal Gold, Q3 2026: revenue $465M (+84% year over year), operating margin 65.4%, net earnings $227M, operating cash flow $344M. The chart follows the revenue to costs, profit and cash.

Questions

What does Royal Gold expect?

C ertain information provided in this report about operating properties in which we hold interests, including information about mineral resources and reserves, historical production, production estimates, property descriptions, and property developments, was provided to us by the operators of those properties (including limited information provided by the operator of the Hod Maden project in connection with our… We seek to acquire existing stream and royalty interests or finance projects that are in the production, development or exploration stage in exchange for stream or royalty interests. W

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.