Royal Gold revenue surges 142% on soaring metal prices; authorizes $500M buyback

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

• high

  Revenue jumped 142% to $469M and net income more than doubled to $281M ($3.31/share) vs $114M ($1.72/share) prior year, driven by gold prices up 70% to $4,873/oz, silver up 164% to $84/oz, and copper up 38% to $5.83/lb.

  MD&A: Revenue and Net Income verify on EDGAR →
• high

  Board authorized $500M share repurchase program to buy back stock when market price is deemed below intrinsic value; timing and amount at management's discretion.

  MD&A: Share Repurchase Program verify on EDGAR →
• high

  Operating cash flow doubled to $294M from $136M, reflecting $198M higher proceeds from stream/royalty interests, partially offset by higher taxes, G&A, and interest payments on increased debt.

  MD&A: Operating Cash Flow verify on EDGAR →