RG
RGLD
RGLD What Royal Gold promised, and what happened
Guidance
What management said, and what became of it
16 of 17 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Hod Maden joint-venture interest conversion | convert the 30% Hod Maden joint-venture equity interest into something more traditional (royalty/stream-like), targeted to play out over the course of the rest of 2026 | Dec 2025 | And after quarter end, we reduced our equity interest from 30% to 15% and return for additional royalty interests. | Achieved* |
| FY26 G&A expense guidance | $50 million to $60 million | Dec 2025 | We continue to expect our total G&A expense for the year will finish near the high end of the $50 million to $60 million range we provided earlier on our February conference call. | At Risk |
| FY26 copper sales guidance | FY26 copper sales guidance range issued at the March 2026 Investor Day (specific unit figures not stated in the transcripts) | Mar 2026 | copper and other metals are trending to be around or above the top end of the ranges. | On Track |
The full ledger
Open Royal Gold’s full ledger
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The rest of the ledger
Pro opens all 28 tracked commitments for Royal Gold
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.