Royal Gold (NASDAQ:RGLD) (NASDAQ: RGLD) is a leading precious metals streaming and royalty company that acquires and manages revenue interests in mining projects around the world. Through its portfolio of royalties and streams, Royal Gold receives a percentage of production or revenue from its partner mining companies in exchange for upfront payments and, in certain cases, future milestone payments. This business model allows Royal Gold to generate stable cash flows without assuming the operational risks and capital expenditures associated with mine development and operation.
Founded in 1981 as Royal Resource Holdings, the company rebranded to Royal Gold in 1996 and established its headquarters in Denver, Colorado. Over the decades, Royal Gold has built a diversified portfolio of interests spanning multiple jurisdictions, including North America, South America, Africa, and Australia. Key royalty assets include interests in gold, silver, copper, and other precious metal projects, covering both prolific mining districts and emerging exploration zones. The company’s strategy emphasizes high-quality, long-life assets underpinned by strong geological fundamentals.
Royal Gold’s core service offering revolves around precious metals streaming, through which it agrees to purchase a fixed percentage of production from mines at predetermined prices. In addition to streaming, the company acquires royalties—often a percentage of revenue or production—with no further financial obligations once acquired. This dual approach has enabled Royal Gold to partner with a diverse set of mining operators, spreading risk across different commodities and geographic regions. Royal Gold also actively evaluates exploration-stage projects for royalty and streaming opportunities, seeking to capitalize on value creation at an early stage.
Under the leadership of President and CEO Tony Jensen, Royal Gold maintains a disciplined investment process, emphasizing financial resilience and prudent capital allocation. The company is governed by an experienced board of directors with expertise in mining, finance, and corporate governance. Royal Gold’s management team supports sustainable practices by engaging with local communities and industry stakeholders, reflecting a commitment to responsible mining and long-term value creation for shareholders.
