Royal Gold gives preliminary third-quarter stream sales of $318.3 million ahead of results
The company also repaid $250 million of debt and repurchased $49 million of its own shares in the quarter.
Key takeaways
- Royal Gold, Inc. (RGLD) said in an 8-K filing on Oct. 20 that its preliminary third-quarter stream sales were $318.3 million, on 74,700 gold equivalent ounces. The company repaid $250 million of debt and repurchased 190,045 shares for $49 million. Full results are due Nov. 4 after the market close.
Royal Gold, Inc. (RGLD) said in a regulatory filing on Tuesday that its preliminary stream sales for the quarter ended Sept. 30, 2026, were $318.3 million. The figures are unaudited and subject to revision.
The company sold 74,700 gold equivalent ounces, or GEOs, in the period, with cost of sales of $834 per GEO. GEOs are calculated by dividing revenue by the average London PM gold fixing price for the quarter, which was $4,262 per ounce.
Here's how the company's preliminary third-quarter figures came out:
- Stream segment sales: $318.3 million
- Gold equivalent ounces: 74,700
- Cost of sales: $834 per GEO
- Royalty segment sales: $143 million to $149 million, as an estimated range
- Depreciation, depletion and amortization: $80 million to $84 million, as an estimated range
Royalty segment sales and depreciation, depletion and amortization are shown as ranges because final receipts are not yet available, the filing said.
Metal units sold and ending period inventory were as follows.
| Metal | Units sold | Ending period inventory |
|---|---|---|
| Gold | 57,600 oz | 23,300 oz |
| Silver | 772,300 oz | 424,200 oz |
| Copper | 3.8 Mlb | — |
| Zinc | 1.3 Mlb | — |
The company repaid $250 million of debt, leaving $150 million outstanding on its revolving credit facility at Sept. 30, 2026. The filing said $1.25 billion remained undrawn and available.
It also repurchased 190,045 shares at an average price of $259.83 per share, for total consideration of $49 million. The repurchased shares were cancelled.
Royal Gold will release third-quarter results after the market close on Wednesday, Nov. 4, 2026. A conference call will follow on Thursday, Nov. 5, at 12:00 p.m. Eastern Time, webcast live.
The company cautioned that the preliminary figures are unaudited and that its independent registered public accounting firm has not reviewed them. Final results could differ, and any differences could be material.