Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and equivalents	$ 182,468	$ 233,719
Royalty receivables	131,708	110,846
Income tax receivable	19,460	2,108
Stream inventory	30,486	25,883
Prepaid expenses and other	5,913	4,890
Total current assets	370,035	377,446
Stream and royalty interests, net (Note 3)	8,600,469	8,583,875
Equity method investment (Note 4)	228,275	300,854
Marketable securities (Note 5)	132,087	172,880
Other assets	118,442	102,469
Total assets	9,449,308	9,537,524
LIABILITIES
Accounts payable	4,635	10,060
Dividends payable	40,263	40,186
Income tax payable	51,616	33,303
Other current liabilities	30,034	37,367
Total current liabilities	126,548	120,916
Debt (Note 6)	395,892	895,436
Deferred tax liabilities	1,164,553	1,190,672
Mount Milligan deferred liability (Note 7)	69,211	69,211
Other liabilities	59,458	55,942
Total liabilities	1,815,662	2,332,177
Commitments and contingencies (Note 15)
EQUITY
Preferred stock, $.01 par value, 10,000,000 shares authorized; and 0 shares issued	0	0
Common stock, $.01 par value, 200,000,000 shares authorized; and 84,673,027 and 84,499,692 shares outstanding, respectively	844	845
Additional paid-in capital	5,922,062	5,928,123
Accumulated other comprehensive income	0	993
Accumulated earnings	1,664,100	1,227,169
Total Royal Gold stockholders’ equity	7,587,006	7,157,130
Non-controlling interests	46,640	48,217
Total equity	7,633,646	7,205,347
Total liabilities and equity	$ 9,449,308	$ 9,537,524