SCHEDULE: State Street Discloses 4.8% Stake in Royal Gold

State Street Corporation has disclosed a 4.8% beneficial ownership stake in Royal Gold Inc., holding 3,155,985 common shares as of June 30, 2025.

Summary

• State Street Corporation reported beneficial ownership of 3,155,985 common shares of Royal Gold Inc.
• This represents 4.8% of Royal Gold Inc.'s common stock.
• The filing was made under Rule 13d-1(b), indicating the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• State Street Corporation has shared voting power over 2,895,485 shares and shared dispositive power over 3,155,985 shares.
• The beneficial ownership is attributed to various subsidiaries, including SSGA Funds Management, Inc., State Street Bank and Trust Company, and several State Street Global Advisors entities.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of a passive investment stake by an institutional investor, providing factual ownership data without commentary on company performance or outlook.

Future Outlook

N/A as this filing is a disclosure of passive beneficial ownership and does not contain forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of a passive investment stake by a large institutional investor. It does not provide specific industry context beyond indicating State Street's investment in a company within the gold and mining sector.

Stakeholder Impact

• Minimal direct impact. Shareholders of Royal Gold Inc. are informed of State Street Corporation's significant, passive ownership stake. This indicates continued institutional interest in the company's common stock.

Key Dates

Keywords

Royal Gold, State Street, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Institutional Investor, Gold, Mining