Business Wire·Mar 31, 2026, 9:00 AM ET

Royal Gold Provides 2026 Guidance and Five Year Outlook and Announces Further Debt Repayment and Publication of Asset Handbook

Royal Gold, Inc. announced its 2026 guidance for sales volume, DD&A, & effective tax rate, a 5-year sales outlook, further debt repayment, & the 2025/2026 Asset Handbook.
2026 total sales volume guidance includes 290,000–320,000 gold ounces, 3.0–3.5 million silver ounces, 21.0–25.0 million copper pounds, & $34–38 million in other metals.
2026 DD&A is projected at $339–379 million, & the effective tax rate is expected to be between 17% & 22%.
Midpoints of 2026 sales volumes for gold, silver, & copper are forecast to be 32%, 8%, & 40% higher than 2025 actuals, respectively.
Principal property assumptions include gold production at Andacollo (38,000–42,000 oz), Cortez Complex royalties (700,000–780,000 oz basis), Kansanshi stream (26,000–31,000 oz), Mount Milligan (140,000–155,000 oz gold & 50–60M lb copper), & Pueblo Viejo stream (350,000–400,000 oz).
The inaugural 5-year outlook for total GEOs ranges from 430,000 to 480,000, driven by expansions at Khoemacau, Platreef Phase 2, & new production from assets like Corani & Great Bear.
On March 12, 2026, Royal Gold repaid $125 million on its revolving credit facility, reducing the outstanding balance to $600 million.
The company published the 2025/2026 Asset Handbook detailing its portfolio assets.