Royal Gold, Inc.

Royal Gold buys the rights to receive a percentage of metals produced from mines around the world. Instead of owning and operating the mines themselves, they finance mining projects and receive payment in the form of gold, silver, copper, and other metals as those projects produce. The company holds these types of agreements on mines across North America, South America, Europe, Africa, Australia, and other regions. This lets them profit from metal production without bearing the full cost and risk of running a mine.