REVENUE (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenue

Revenue by metal type attributable to each of our revenue sources is disaggregated as follows (amounts in thousands):

	Three Months Ended
	March 31, 2026		March 31, 2025
Stream revenue:
Gold	$	236,446	$	94,562
Silver	52,734		18,699
Copper	21,699		9,221
Other	1,898		—
Total stream revenue	$	312,777	$	122,482
Royalty revenue:
Gold	$	97,462	$	51,164
Silver	20,279		4,901
Copper	24,971		7,591
Other	13,636		7,298
Total royalty revenue	$	156,348	$	70,954
Total revenue	$	469,125	$	193,436

Revenue attributable to our principal stream and royalty interests is disaggregated as follows (amounts in thousands):

		Three Months Ended
	Metal(s)	March 31, 2026		March 31, 2025
Stream revenue:
Mount Milligan	Gold & Copper	$	57,322	$	42,808
Pueblo Viejo	Gold & Silver	55,869		28,751
Andacollo	Gold	27,151		12,744
Kansanshi	Gold	25,511		—
Other(1)	Various	146,924		38,179
Total stream revenue		$	312,777	$	122,482
Royalty revenue:
Cortez Legacy Zone	Gold	$	16,426	$	11,143
Cortez CC Zone	Gold	8,793		3,554
Other(1)	Various	131,129		56,257
Total royalty revenue		$	156,348	$	70,954
Total revenue		$	469,125	$	193,436

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(1)Individually, no stream or royalty included within the “Other” category contributed greater than 10% of our total revenue for either period.