STREAM AND ROYALTY INTERESTS, NET

12 Months Ended

Dec. 31, 2024

The following summarizes our stream and royalty interests as of December 31, 2024 and 2023:


As of December 31, 2024 (Amounts in thousands):	Cost		Accumulated Depletion		Net
Production stage stream interests:
Mount Milligan	$	790,635	$	(462,412)	$	328,223
Pueblo Viejo	610,404		(308,283)		302,121
Andacollo	388,182		(177,059)		211,123
Khoemacau	265,911		(58,043)		207,868
Rainy River	175,727		(86,307)		89,420
Other	241,830		(154,245)		87,585
Total production stage stream interests	2,472,689		(1,246,349)		1,226,340

Production stage royalty interests:
Cortez (Legacy Zone and CC Zone)	353,850		(81,845)		272,005
Voisey's Bay	205,724		(124,526)		81,198
Red Chris	116,187		(5,966)		110,221
Peñasquito	99,172		(65,372)		33,800
Other	519,491		(418,648)		100,843
Total production stage royalty interests	1,294,424		(696,357)		598,067
Total production stage stream and royalty interests	3,767,113		(1,942,706)		1,824,407

Development stage stream interests:
Ilovica	12,038		—		12,038
Development stage royalty interests:
Cactus	55,128		—		55,128
Back River	42,948		—		42,948
La Fortuna	35,140		—		35,140
Other	21,133		—		21,133
Total development stage stream and royalty interests	166,387		—		166,387

Exploration stage stream interests:
Xavantina	14,792		—		14,792
Exploration stage royalty interests:
Cortez (Legacy Zone and CC Zone)	456,479		—		456,479
Great Bear	209,106		—		209,106
Pascua-Lama	177,690		—		177,690
Red Chris	48,895		—		48,895
Côté	29,610		—		29,610
Other	115,438		—		115,438
Total exploration stage stream and royalty interests	1,052,010		—		1,052,010
Total stream and royalty interests, net	$	4,985,510	$	(1,942,706)	$	3,042,804


As of December 31, 2023 (Amounts in thousands):	Cost		Accumulated Depletion		Net
Production stage stream interests:
Mount Milligan	$	790,635	$	(430,106)	$	360,529
Pueblo Viejo	610,404		(299,354)		311,050
Andacollo	388,182		(165,553)		222,629
Khoemacau	265,911		(41,635)		224,276
Rainy River	175,727		(74,858)		100,869
Other	232,703		(132,043)		100,660
Total production stage stream interests	2,463,562		(1,143,549)		1,320,013

Production stage royalty interests:
Cortez (Legacy Zone and CC Zone)	353,850		(61,891)		291,959
Voisey's Bay	205,724		(121,000)		84,724
Red Chris	116,187		(3,758)		112,429
Peñasquito	99,172		(59,900)		39,272
Other	448,899		(408,522)		40,377
Total production stage royalty interests	1,223,832		(655,071)		568,761
Total production stage stream and royalty interests	3,687,394		(1,798,620)		1,888,774

Development stage stream interests:
Ilovica	12,038		—		12,038
Development stage royalty interests:
Côté	45,421		—		45,421
La Fortuna	35,140		—		35,140
Other	45,992		—		45,992
Total development stage stream and royalty interests	138,591		—		138,591

Exploration stage stream interests:
Xavantina	19,565		—		19,565
Exploration stage royalty interests:
Cortez (Legacy Zone and CC Zone)	456,479		—		456,479
Great Bear	209,106		—		209,106
Pascua-Lama	177,690		—		177,690
Red Chris	48,895		—		48,895
Côté	29,610		—		29,610
Other	106,864		—		106,864
Total exploration stage stream and royalty interests	1,048,209		—		1,048,209
Total stream and royalty interests, net	$	4,874,194	$	(1,798,620)	$	3,075,574