Royal Gold shares surge 6.60% premarket after acquiring $1 billion gold stream from First Quantum's Kansanshi mine.

Royal Gold Inc. surged 6.60% in premarket trading following the announcement of record second-quarter 2025 earnings and a $1.0 billion gold streaming agreement with First Quantum Minerals. The company reported $132.5 million in Q2 net income, exceeding expectations, while the new streaming deal—purchasing a gold stream from First Quantum’s Kansanshi mine—signals expanded production exposure and long-term growth. Analysts at RBC and CIBC also contributed to the momentum, with RBC raising its price target to $285 and CIBC to $330, both maintaining positive ratings. These developments collectively reinforced investor confidence in Royal Gold’s capital allocation strategy and gold price tailwinds, driving the premarket rally.