Investment Stewardship Report

The report describes Royal Gold's transformation into a larger company following the Sandstorm Gold and Horizon Copper acquisitions and the Kansanshi investment. It reports record 2025 revenue of $1,030,471,000, a 43% increase from 2024, alongside 39 employees and 10 portfolio site visits. The company contributed $1.56 million to community organizations and supported six universities through mining-related scholarships. It also reports six consecutive years of carbon neutrality for corporate Scope 2 and 3 emissions and continued reporting against TCFD.