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SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of geographical distribution of long-lived assets Royal Gold's long-lived assets (stream and royalty interests, net) are geographically distributed as shown in the following table (amounts in thousands):
As of March 31, 2025As of December 31, 2024
Stream
interest		Royalty
interest		Total stream
and royalty
interests, net		Stream
interest		Royalty
interest		Total stream
and royalty
interests, net
Canada$409,644 $653,739 $1,063,383 $417,643 $659,070 $1,076,713 
Dominican Republic299,395 — 299,395 302,122 — 302,122 
Africa230,964 321 231,285 237,028 321 237,349 
Chile208,731 224,116 432,847 211,123 224,116 435,239 
United States— 822,355 822,355 — 827,277 827,277 
Mexico— 32,191 32,191 — 33,800 33,800 
Australia— 18,723 18,723 — 19,265 19,265 
Rest of world134,085 25,621 159,706 85,254 25,785 111,039 
Total $1,282,819 $1,777,066 $3,059,885 $1,253,170 $1,789,634 $3,042,804 
Schedule of reportable segments for assessing performance
Our reportable segments for purposes of assessing performance are shown below (amounts in thousands):
Three Months Ended March 31, 2025
Revenue
Cost of sales(1)
Production taxes
Depletion(2)
Segment gross profit
Stream interests$122,482 $24,506 $— $20,353 $77,623 
Royalty interests70,954 — 1,761 12,562 56,631 
Total $193,436 $24,506 $1,761 $32,915 $134,254 
Three Months Ended March 31, 2024
Revenue
Cost of sales(1)
Production taxes
Depletion(2)
Segment gross profit
Stream interests$102,528 $21,751 $— $27,401 $53,376 
Royalty interests46,374 — 1,449 11,282 33,643 
Total$148,902 $21,751 $1,449 $38,683 $87,019 
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(1)Excludes depreciation, depletion and amortization.
(2)Depletion amounts are included within Depreciation, depletion and amortization on our consolidated statements of operations and comprehensive income.
Schedule of reconciliation of segment gross profit to consolidated income (loss)
A reconciliation of total segment gross profit to the consolidated Income before income taxes is shown below (amounts in thousands):
Three Months Ended
March 31,
2025		March 31,
2024
Total segment gross profit$134,254 $87,019 
Costs and expenses
General and administrative expenses11,063 11,412 
Depreciation and amortization80 82 
Operating income123,111 75,525 
Fair value changes in equity securities(37)447 
Interest and other income2,049 2,977 
Interest and other expense(1,156)(4,607)
Income before income taxes$123,967 $74,342 
Schedule of revenue by reportable segment geographically distributed
Our revenue by reportable segment for the three months ended March 31, 2025 and 2024, is geographically distributed as shown in the following table (amounts in thousands):
Three Months Ended
March 31,
2025		March 31,
2024
Stream revenue:
Canada$53,230 $44,705 
Dominican Republic28,751 17,760 
Africa22,381 19,101 
Chile12,744 11,689 
Rest of world5,376 9,273 
Total stream revenue$122,482 $102,528 
Royalty revenue:
United States$31,006 $24,079 
Mexico17,071 10,768 
Canada10,712 5,131 
Australia7,956 4,975 
Rest of world4,209 1,421 
Total royalty revenue$70,954 $46,374 
Total revenue$193,436 $148,902