Royal Gold Inc. announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 40,600 gold equivalent ounces 1 comprised of approximately 32,200 ounces of gold, 578,700 ounces of silver and 1,100 tonnes of copper related to its streaming agreements during the three-month period ended June 30, 2025 . RGLD Gold AG had approximately 12,700 ounces of gold and 341,000 ounces of silver in inventory at June 30, 2025. RGLD Gold AG's average realized gold, silver and copper prices for the second quarter were $3,248 per ounce, $32.91 per ounce and $9,210 per tonne , respectively. Cost of sales was approximately $596 per GEO for the second quarter. Cost of sales is specific to the Company's streaming agreements and is the result of RGLD Gold AG's purchase of gold, silv...