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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 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
Africa1,219,873 321 1,220,194 237,028 321 237,349 
Canada392,140 660,631 1,052,771 417,643 659,070 1,076,713 
Dominican Republic295,004 — 295,004 302,122 — 302,122 
Chile203,428 224,116 427,544 211,123 224,116 435,239 
United States— 801,697 801,697 — 827,277 827,277 
Mexico— 28,967 28,967 — 33,800 33,800 
Australia— 18,181 18,181 — 19,265 19,265 
Rest of world227,497 30,376 257,873 85,254 25,785 111,039 
Total $2,337,942 $1,764,289 $4,102,231 $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 September 30, 2025
Revenue
Cost of sales(1)
Production taxes
Depletion(2)
Segment gross profit
Stream interests$166,081 $31,392 $— $21,287 $113,402 
Royalty interests85,987 — 2,418 11,534 72,035 
Total $252,068 $31,392 $2,418 $32,821 $185,437 
Three Months Ended September 30, 2024
Revenue
Cost of sales(1)
Production taxes
Depletion(2)
Segment gross profit
Stream interests$133,052 $27,192 $— $26,674 $79,186 
Royalty interests60,785 — 1,520 9,417 49,848 
Total$193,837 $27,192 $1,520 $36,091 $129,034 
Nine Months Ended September 30, 2025
Revenue
Cost of sales(1)
Production taxes
Depletion(2)
Segment gross profit
Stream interests$421,754 $80,077 $— $60,910 $280,767 
Royalty interests233,394 — 6,381 35,897 191,116 
Total $655,148 $80,077 $6,381 $96,807 $471,883 
Nine Months Ended September 30, 2024
Revenue
Cost of sales(1)
Production taxes
Depletion(2)
Segment gross profit
Stream interests$358,531 $73,116 $— $80,199 $205,216 
Royalty interests158,304 — 4,550 30,234 123,520 
Total$516,835 $73,116 $4,550 $110,433 $328,736 
_______________________________________________
(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 Nine Months Ended
September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024
Total segment gross profit$185,437 $129,034 $471,883 $328,736 
Costs and expenses
General and administrative expenses10,213 10,102 31,545 32,025 
Depreciation and amortization82 86 244 256 
Acquisition related costs12,798 — 12,798 — 
Operating income162,344 118,846 427,296 296,455 
Fair value changes in equity securities— (425)(35)(42)
Interest and other income6,781 626 11,544 4,410 
Interest and other expense(8,616)(1,207)(11,317)(8,330)
Income before income taxes$160,509 $117,840 $427,488 $292,493 
Schedule of revenue by reportable segment geographically distributed
Our revenue by reportable segment for the three and nine months ended September 30, 2025 and 2024, is geographically distributed as shown in the following table (amounts in thousands):
Three Months Ended Nine Months Ended
September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024
Stream interests:
Canada$82,364 $66,372 $208,344 $173,737 
Dominican Republic28,140 26,585 82,509 64,147 
Africa27,288 19,973 70,055 59,470 
Chile23,022 9,652 45,255 31,949 
Rest of world5,267 10,470 15,591 29,228 
Total stream interests$166,081 $133,052 $421,754 $358,531 
Royalty interests:
United States$37,080 $34,131 $105,478 $83,484 
Mexico19,957 10,853 54,659 34,509 
Canada14,439 5,269 32,070 13,435 
Australia10,589 7,476 28,362 19,498 
Rest of world3,922 3,056 12,825 7,378 
Total royalty interests$85,987 $60,785 $233,394 $158,304 
Total revenue$252,068 $193,837 $655,148 $516,835