A World Class Streaming and Royalty Company

Business Strategy

Royal Gold’s fixed costs, diversified portfolio, and methodical approach to precious metal investments are designed to provide shareholder value. The key elements of our business strategy include:

Business Model. Royal Gold's stream and royalty business model provides investors with a diversified portfolio of 41 producing assets (as of June 30, 2020) without incurring many of the costs and risks associated with mine operations. 

Gold Focused. 78% of Royal Gold's revenue in fiscal 2019 was generated from gold.

Growth. Royal Gold emphasizes investment in long lived assets that we believe will provide our shareholders resource to reserve conversion upside

Capital Deployment. Royal Gold maintains a strong balance sheet that allows us to opportunistically invest at favorable times in the price cycle, often when counterparties most need financing.  

Financial Flexibility. Royal Gold's unique business model allows us to source our capital efficiently, with a preference to grow our business from free cash flow.

Return to Shareholders.  Royal Gold concentrates on margin expansion by maintaining a lean cost structure, measures success on per share metrics and believes paying a sustainable and growing dividend is important.