Royal Gold's major customers
Bank Of Montreal accounted for 38% of Royal Gold's revenue in FY 2025, about the same as 35% a year earlier.
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Major customers of Royal Gold
Customers that Royal Gold named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.
| Customer | Share of revenue | Change vs prior year | History | Latest filing |
|---|---|---|---|---|
| Bank Of MontrealBMO | 38% | from 35% | 3 years | FY 2025 · filed 19 Feb 2026 |
| Stone XSNEX | 26% | from 28% | 3 years | FY 2025 · filed 19 Feb 2026 |
| Centerra GoldCGAU | 22% | from 26% | 12 years | FY 2025 · filed 19 Feb 2026 |
| BarrickB | 13% | from 12% | 13 years | FY 2025 · filed 19 Feb 2026 |
| Nevada Gold Mines | 8% | from 11% | 6 years | FY 2025 · filed 19 Feb 2026 |
Formerly disclosed
| Customer | Share of revenue | Change vs prior year | History | Latest filing |
|---|---|---|---|---|
| Thompson Creek Metals | 35% | last FY 2016 | 3 years | FY 2016 · filed 11 Aug 2016 |
| Goldcorp | 12% | last FY 2015 | 4 years | FY 2015 · filed 6 Aug 2015 |
| Teck | 8% | last FY 2023 | 13 years | FY 2023 · filed 15 Feb 2024 |
| Vale Inco | 6% | last FY 2015 | 4 years | FY 2015 · filed 6 Aug 2015 |
About this data
US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.
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