Royal Gold is one of the world's leading precious metals streaming and royalty companies engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. Royal Gold owns a large portfolio of producing, development, evaluation and exploration stage streams and royalties on properties located in some of the world's most prolific gold regions and operated by some of the most well-known companies in the mining industry. Streams and royalties can be acquired outright from either a resource company or a private party. In the case of new streams or royalties that are sold to raise financing, the capital provided by Royal Gold is typically directed by our partner companies towards three broad uses: - Investing directly in mining assets; - Providing liquidity to strengthen balance sheets; - Funding merger and acquisition activity. As a streaming and royalty company, Royal Gold is less exposed to operational and capital cost risks than mine operators. Royal Gold's business has over a short period of time become more internationalized and diversified. Wikipedia