Royal Gold, Inc., together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams, and similar interests. The Company seeks to acquire existing royalty interests or to finance projects that are in production or in the development stage in exchange for royalty interests. The Company engages in a continual review of opportunities to acquire existing royalty interests, to create new royalty interests through the financing of mine development or exploration, or to acquire companies that hold royalty interests. The Company manages its business under a single operating segment, consisting of the acquisition and management of royalty interests. The Company’s revenue and long-lived assets are geographically distributed in Canada, Chile, Mexico, the United States, Australia, Africa and Other.