Royal Gold, Inc. (RGLD) Presents at Mining Forum Europe 2026 Transcript

Cosmos Chiu
CIBC Capital Markets, Research Division

Next up, we have Dan Breeze, Senior VP, Corporate Development at Royal Gold. Morning, Dan. I’ve heard about higher royalties and not really complaining, but the producers are talking about higher royalties, and we have now Royal Gold, the recipient of some of these royalties, so.

Daniel Breeze
Senior Vice President of Corporate Development – RGLD Gold AG

Okay. Thanks for that context, Cosmos. Good to see you. Yes. Thanks for hosting this session again. Good morning, everybody. We certainly appreciate the invitation from the Denver Gold Group to be here, and thank you for your interest. I’m really pleased to update you on the Royal Gold story. The last year has been the most defining period in the history of the company. We’re going to go through a few of the key items that we want to cover off for you.

Just bear with me for a moment, I will be making forward-looking statements during this presentation. Actual results may differ materially due to risks and uncertainties. These details are in our most recent 10-K that was filed with the SEC.

This is a high-level presentation and we’ll get into a little bit of detail as we go through it. But I want to start with a summary of why we think Royal Gold is a compelling investment. We are a mine finance and portfolio management company. We are focused on making perpetual investments in royalties and streams, primarily in gold. And in fact, we lead the sector in terms of gold exposure as a percentage