First Quantum inks $1B gold streaming deal with Royal Gold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2025
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Source: SeekingAlpha
Gold Streaming Agreement: First Quantum Minerals has secured a $1 billion gold streaming agreement with Royal Gold, where they will deliver gold linked to copper production from the Kansanshi mine in Zambia, starting August 5.
Financial Impact: The deal is expected to enhance liquidity significantly, with Royal Gold initially paying 20% of the spot gold price, potentially increasing to 35%, and delivering an average of 35,000-40,000 ounces of gold annually over the next decade.
Analyst Views on RGLD
Wall Street analysts forecast RGLD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGLD is 253.11 USD with a low forecast of 205.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 279.540
Low
205.00
Averages
253.11
High
280.00
Current: 279.540
Low
205.00
Averages
253.11
High
280.00
About RGLD
Royal Gold, Inc. is a high-margin, large-capitalization company that generates cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. It owns a large portfolio of producing, development, evaluation and exploration stage streams and royalties on properties located in gold regions and operated by companies in the mining industry. Its Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. Its Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
