Royal Gold

In 1981, Stanley Dempsey founded Royal Resources Corporation, initially focusing on oil and gas exploration. However, the volatile nature of the oil market soon prompted a strategic pivot. By the late 1980s, the company shifted its focus to the more stable and lucrative business of precious metals royalties, rebranding itself as Royal Gold.

Royal Gold's business model revolves around acquiring royalty interests in precious metal mines, primarily gold. This approach allows the company to earn a percentage of the revenue from the mines without the risks and costs associated with mining operations. This strategic shift proved successful, and in 1991, Royal Gold went public with a listing on NASDAQ, marking a significant milestone in its journey.

Over the years, Royal Gold has expanded its portfolio through strategic acquisitions. A notable event was the acquisition of International Royalty Corporation in 2010, which significantly increased its claims in key mining regions like Chile and Canada. This acquisition underscored Royal Gold's commitment to growth and diversification in the precious metals sector.

Today, Royal Gold stands as a leader in the precious metals royalty industry, with a robust portfolio and a business model that mitigates operational risks while capitalizing on the profitability of gold and other precious metals. The company's journey from oil exploration to a royalty giant highlights its adaptability and strategic foresight in navigating the ever-changing landscape of natural resources.