Our story began in 1981, as Royal Resources Corporation, an oil and gas exploration and production company. After several good years, oil prices collapsed in 1986, and this led the company to shift its focus from oil and gas to gold. At the time, Mr. Dempsey was a director of Royal Resources and co-founder of Denver Mining Finance Corporation (DMFC), a merchant bank to mining companies. Later in 1986, Royal Resources acquired DMFC. The newly formed company was called Royal Gold.
Our principal activity is the acquisition and management of precious metal stream and royalty interests. By partnering with capable operators, we focus on building and managing a diversified, cash-flowing portfolio of precious metal assets, while also accumulating a pipeline of earlier stage assets that are not yet cash-flowing, but have the potential to do so in the future.