Record Revenue and Cash Flow
Royal Gold achieved record revenue of $252 million and record operating cash flow of $174 million for the quarter, driven by strong gold and silver prices.
Strategic Transactions Completed
Completed the acquisition of Sandstorm Gold and Horizon Copper, significantly expanding the portfolio and receiving overwhelming shareholder support.
Mount Milligan Mine Life Extension
The mine life of Mount Milligan was extended from 2036 to 2045, adding significant value to Royal Gold's largest asset.
Strong Portfolio Performance
Revenue from Peñasquito, Cortez CC Zone, LaRonde Zone 5, and Voisey's Bay was strong, contributing to a 41% increase in royalty revenue compared to the prior year.
Kansanshi Stream Acquisition
First Quantum's Kansanshi S3 expansion is complete, with faster than expected ramp-up, and first gold delivery was received under the new stream.