AI Earnings Predictions for Royal Gold Inc. (RGLD)

EX-99.1

2 rgld-20260805xexx991.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Royal Gold Reports Strong Second Quarter Financial Results Including Record Operating Cash Flow, Repurchase of Shares and Further Repayment of Debt

DENVER, COLORADO. AUGUST 5, 2026: ROYAL GOLD, INC. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold,” the “Company,” “we,” “us,” or “our”) released financial results for the quarter ended June 30, 2026 ("second quarter").

“Financial results for the second quarter were strong and we made meaningful progress on executing our priorities,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “We continued our disciplined approach to capital allocation. We repaid debt, repurchased and cancelled shares, and invested capital toward our Warintza and Hod Maden portfolio interests. We also continued progress on simplifying the Sandstorm portfolio with the restructuring of the Hod Maden joint venture interest and the settlement of the fixed delivery obligations at the Relief Canyon mine. After a solid first half of the year driven by our large and diversified portfolio, our outlook for the second half remains positive, and we will maintain our discipline and long term focus as we consider alternatives to accretively deploy capital in an active environment for new business development opportunities."

Second Quarter Highlights

Financial/Operating

•Revenue of $450.5 million (compared to $209.6 million in the prior year period)

•Revenue split by commodity: 76% gold, 12% silver, 8% copper

•Record operating cash flow of $335.2 million (compared to $152.8 million in the prior year period)

•Net income of $236.4 million ($2.78 per share), and adjusted net income1 of $218.2 million ($2.56 per share) (compared to $132.3 million and $118.8 million, respectively, in the prior year period)

•Sales volume of 100,000 GEOs2 (compared to 63,900 in the prior year period)

•Adjusted EBITDA margin1 of 83% (compared to 84% in the prior year period)

Corporate

•Repaid $200 million on the revolving credit facility

•Increased total available liquidity to approximately $1.2 billion

•Paid quarterly dividend of $0.475 per share, a 6% increase over the prior year period

•Repurchased 147,205 shares at an average price of $203.80 per share, for total consideration of $30 million

•Sold 5,000 ounces of gold received from the settlement of remaining fixed delivery obligations with Americas Gold and Silver Corporation ("Americas") related to the Relief Canyon mine

1 Adjusted net income, adjusted net income per share and adjusted EBITDA margin are non-GAAP financial measures. See Schedule A of this press release for additional information, including reconciliations to the most directly comparable GAAP measures.

2 See Schedule A of this press release for additional information about gold equivalent ounces, or GEOs.

1

•Advanced a further $50 million under the stream agreement to Solaris Resources Inc. ("Solaris") following technical approval of the environmental impact assessment ("EIA") and publication of a pre-feasibility study ("PFS") for the Warintza Project

•Restructured ownership of the Hod Maden Project interests and funded $70 million in project costs

•Added a new $600 million uncommitted accordion facility to the $1.4 billion revolving credit facility

Post Quarter Events

•Repaid $75 million on the revolving credit facility on July 15, 2026, reducing the amount currently drawn to $325 million and increasing the amount available and undrawn to $1.075 billion

•Closed the Hod Maden ownership restructuring and received a new 2.5% net smelter return ("NSR") royalty on the Hod Maden Project

Revenue Summary

Three Months Ended June 30,Six Months Ended June 30,

Revenue (millions)20262025% Change20262025% Change

Gold$343.9 $164.3 109.3 %$677.8 $310.0 118.6 %

Silver55.6 24.1 131.0 %128.6 47.7 169.8 %

Copper37.9 14.8 156.4 %84.5 31.6 167.7 %

Other Metals13.2 6.5 103.7 %28.8 13.8 108.5 %

Total revenue$450.5 $209.6 114.9 %$919.7 $403.1 128.2 %

GEOs2 100,00063,90056.5 %196,000131,50049.0 %

Revenue split stream / royalty69% / 31%64% / 36%68% / 32%63% / 37%

Outlook for 2026

Royal Gold provided guidance for 2026 metal sales volumes, depreciation, depletion and amortization ("DD&A") expense and effective tax rate in March, 2026. We are currently forecasting that performance against these metrics will be within the ranges provided with the exceptions of sales of copper and other metals, which are trending to be around or above the top end of the respective guidance ranges.

2026 Guidance RangesActual Performance Through June 30, 2026

Total Sales

Gold(oz)290,000–320,000143,968

Silver(M oz)3.0–3.51.6

Copper(M lb)21.0–25.014.2

Other Metals(M)$34–$38$29

DD&A(M)$339–379 $187

Effective Tax Rate17–22%19.9%*

* Year to date effective tax rate excluding discrete tax items.

2

Corporate Activity

Buyback and Cancellation of Shares

During the second quarter, and in accordance with the

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