Company description

Royal Gold Inc. (ticker symbol RGLD) is a leading precious metals company headquartered in Denver, Colorado. Founded in 1981, the company specializes in acquiring and managing precious metal royalties, streams, and similar interests. This unique business model allows Royal Gold to maintain a diversified portfolio while avoiding the risks and costs associated with mine operations. They have partnerships with numerous large mining companies around the world, giving them access to a broad range of global assets. Royal Gold's success is attributed to their ability to consistently deliver attractive returns to their shareholders, as well as their strong financial position and management team. They have a strong track record of creating value for their partners and investors, with a portfolio of over 189 properties in 15 countries. This includes long-term agreements with major mining companies such as Barrick Gold, Newmont, and Kinross Gold. The company's strategy is focused on acquiring high-quality, cash-flowing assets with long mine lives and low-cost operations. Their disciplined approach to capital management and risk mitigation has allowed them to maintain a strong balance sheet and generate consistent cash flows. This, in turn, has enabled Royal Gold to increase their dividend each year for the past 19 years, making them one of the few precious metal companies to offer a dividend to their shareholders. In addition to their strong financial performance, Royal Gold is committed to responsible and sustainable mining practices. They prioritize environmental stewardship, community engagement, and ethical business practices in all of their operations