# EDGAR Filing Document

**Accession Number:** 0000085535
**File Stem:** 0000085535-25-000143
**Filing Date:** 2025-10
**Character Count:** 15172
**Document Hash:** 43818c36856d4ce9072d501e30b68e45
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000085535-25-000143.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0000085535-25-000143

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251009

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYAL GOLD INC
- **CENTRAL INDEX KEY:** 0000085535
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINERAL ROYALTY TRADERS [6795]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 840835164
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13357
- **FILM NUMBER:** 251385670

**BUSINESS ADDRESS:**
- **STREET 1:** 1144 15TH STREET
- **STREET 2:** SUITE 2500
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 303-573-1660

**MAIL ADDRESS:**
- **STREET 1:** 1144 15TH STREET
- **STREET 2:** SUITE 2500
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYAL GOLD INC /DE/
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYAL RESOURCES CORP
- **DATE OF NAME CHANGE:** 19870517

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYAL RESOURCES EXPLORATION INC
- **DATE OF NAME CHANGE:** 19810716

?xml version='1.0' encoding='ASCII'? rgld-20251009

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **October 9, 2025** 

**Royal Gold, Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-13357** | **84-0835164** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |

---

---

| | |
|:---|:---|
| **1144 15th Street, Suite 2500, Denver, CO** | **80202** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: (**303) 573-1660**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class:** | **Trading Symbol** | **Name of each exchange on which registered:** |
| Common Stock, $0.01 par value | RGLD | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

&nbsp;&nbsp;&nbsp;&nbsp;

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**Item 5.07&nbsp;&nbsp;&nbsp;&nbsp; Submission of Matters to a Vote of Security Holders**

On October 9, 2025, Royal Gold, Inc. ("Royal Gold" or the "Company") held a special meeting of stockholders (the "Special Meeting") at which the following proposals were considered:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Approval of the issuance of shares of Royal Gold common stock to the shareholders and option holders of Sandstorm Gold Ltd., as described in the Company's proxy statement filed with the Securities and Exchange Commission on September 2, 2025 (the "Stock Issuance Proposal"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Approval of the adjournment or postponement of the Special Meeting, if necessary or appropriate, including to solicit additional proxies if there were not sufficient votes to approve the Stock Issuance Proposal (the "Adjournment Proposal").

There were 65,830,835 shares of Royal Gold common stock outstanding and entitled to vote on August 29, 2025, the record date for the Special Meeting, and 52,872,808 shares of Royal Gold common stock were represented in person or by proxy at the Special Meeting, constituting a quorum.

The Stock Issuance Proposal was approved, and although sufficient votes were received to approve the Adjournment Proposal, an adjournment of the Special Meeting was not necessary due to the approval of the Stock Issuance Proposal.

The final voting results were as follows:

**Proposal 1 – The Stock Issuance Proposal**

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 52,330,376 | 481,187 | 61,245 | 0 |

---

**Proposal 2 – The Adjournment Proposal**

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 49,277,803 | 3,519,562 | 75,443 | 0 |

---

**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp; Regulation FD Disclosure**

On October 9, 2025, the Company issued a press release regarding approval of Royal Gold's acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp. by the securityholders of each company. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated into this Item 7.01 by reference.

The information furnished under this Item 7.01, including the exhibit, will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by reference to such filing.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated October 9, 2025](shareholdervoteresultsfors.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | **Royal Gold, Inc.** | **Royal Gold, Inc.** | **Royal Gold, Inc.** |
| Date: October 9, 2025 | By: | /s/ David R. Crandall | /s/ David R. Crandall |
|  |  | Name: | David R. Crandall |
|  |  | Title: | Vice President, Corporate Secretary and Chief Compliance Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![image_0.jpg](image_0.jpg)

Royal Gold Announces Approval by All Required Securityholders for Sandstorm Gold Ltd. and Horizon Copper Corp. Acquisitions

**DENVER, COLORADO. October 9, 2025: ROYAL GOLD, INC. (NASDAQ: RGLD)** (together with its subsidiaries, "Royal Gold" or the "Company," "we" or "our") announced the preliminary voting results from the special meeting of Royal Gold stockholders (the "Special Meeting") held today to approve the issuance of shares of Royal Gold common stock in connection with the previously announced acquisition of Sandstorm Gold Ltd. ("Sandstorm" and the "Sandstorm Transaction").

A total of 52,872,808 shares of Royal Gold common stock were represented at the meeting, being approximately 80.3% of the Company's issued and outstanding common stock as of the record date, with an overwhelming majority of 99.1% of the votes cast in favor of the issuance of shares of Royal Gold common stock in connection with the Sandstorm Transaction. Royal Gold will file the final voting results on a Current Report on Form 8-K with the U.S. Securities and Exchange Commission within four business days.

Separately, both Sandstorm and Horizon Copper Corp. ("Horizon") announced the voting results received at their respective meetings held today to seek securityholder approval for the Sandstorm Transaction and the acquisition of Horizon by Royal Gold (the "Horizon Transaction"). Sandstorm reported that approximately 98.7% of the votes cast at the Sandstorm meeting were in favor of the Sandstorm Transaction, and Horizon reported that approximately 99.4% of the votes cast at the Horizon meeting were in favor of the Horizon Transaction.

The completion of the Sandstorm Transaction is subject to customary closing conditions, including, without limitation, the approval of the Supreme Court of British Columbia, which approval will be sought on October 15, 2025, certain conditions to the completion of the Horizon Transaction having been satisfied or waived by Royal Gold, and the listing of shares of Royal Gold's stock to be issued in the Sandstorm Transaction on Nasdaq. The completion of the Horizon Transaction is subject to customary closing conditions, including, without limitation, the approval of the Supreme Court of British Columbia, which approval will be sought on October 15, 2025.

Subject to the satisfaction or waiver of the closing conditions, it is anticipated that both the Sandstorm Transaction and the Horizon Transaction will close on October 20, 2025.

**Corporate Profile**

Royal Gold is a high margin, mid-capitalization company that generates strong cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. Royal Gold shares trade under the symbol "RGLD" and provide growth, value and income investors with exposure to the metals and mining industry. The Company's website is located at www.royalgold.com.

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| |
|:---|
| **For further information, please contact:** |
| Alistair Baker |
| Senior Vice President, Investor Relations and Business Development |
| (303) 573-1660 |

---

**Forward-Looking Statements:** This press release includes "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like "will," "may," "could," "should," "would," "believe," "estimate," "expect," "anticipate," "plan," "forecast," "potential," "intend," "continue," "project," or negatives of these words or similar expressions. Forward-looking statements include, among others, statements regarding the following: the satisfaction or waiver of the conditions to the closings of the Sandstorm

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Transaction and Horizon Transaction (together, the "Transactions"), including the approvals of the Supreme Court of British Columbia, and the expected timetable for completing the Transactions.

Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: the risks that a condition to closing of either Transaction may not be satisfied, that a party may terminate an arrangement agreement or that the closing of either Transaction might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships of Royal Gold, Sandstorm or Horizon, including those resulting from the announcement or completion of the Transactions; the risk of any litigation relating to the Transaction; the diversion of management time on transaction-related issues; the ultimate timing, outcome and results of integrating the operations of Royal Gold, Sandstorm and Horizon; failure to realize the anticipated benefits and synergies from the Transactions in the timeframe expected or at all; changes in capital markets and the ability of the combined company to finance operations in the manner expected; changes in the price of gold, silver, copper or other metals; operating activities or financial performance of properties on which the Royal Gold, Sandstorm or Horizon hold stream or royalty interests, including variations between actual and forecasted performance, operators' ability to complete projects on schedule and as planned, operators' changes to mine plans and mineral reserves and mineral resources (including updated mineral reserve and mineral resource information), liquidity needs, mining and environmental hazards, labor disputes, distribution and supply chain disruptions, permitting and licensing issues, other adverse government or court actions, or operational disruptions; the risk that Sandstorm or Horizon may have liabilities that are not known to Royal Gold; changes of control of properties or operators; contractual issues involving stream or royalty agreements; the timing of deliveries of metals from operators and subsequent sales of metal; risks associated with doing business in foreign countries; increased competition for stream and royalty interests; environmental risks, including those caused by climate change; potential cyber-attacks, including ransomware; adverse economic and market conditions; effects of health epidemics and pandemics; changes in laws or regulations governing Royal Gold, Sandstorm, Horizon, operators or operating properties; changes in management and key employees; and other factors described in Royal Gold's reports filed with the SEC, including Item 1A, Risk Factors of Royal Gold's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, and in the reports filed by Sandstorm and Horizon with the SEC and on SEDAR+, as applicable. Most of these factors are beyond the parties' ability to predict or control. Other unpredictable or unknown factors not discussed in this press release could also have material adverse effects on forward-looking statements.

Forward-looking statements speak only as of the date on which they are made. Royal Gold disclaims any obligation to update any forward-looking statements, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.

**No Offer or Solicitation:** Communications in this press release do not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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