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ROYAL GOLD INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and ROYAL GOLD INC.’s Form 8-K, filed 2025-05-27 (Item 5.07 on EDGAR). Page generated 02 October 2026.

10Reported items
518Asset managers
3,414Fund votes
2025-05-22Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore ROYAL GOLD INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by ROYAL GOLD INC.

These tallies are ROYAL GOLD INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-27 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

ROYAL GOLD INC. — official shareholder meeting results, meeting held 2025-05-22
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: William Hayes	46,118,874	7,565,886	58,000	--	5,718,651	Majority: yes
Elect Director: Mark Isto	52,547,930	1,137,043	57,787	--	5,718,651	Majority: yes
Elect Director: Ronald Vance	51,981,540	1,702,815	58,405	--	5,718,651	Majority: yes
Proposal 2: Approval, on an advisory basis, of the compensation of the Company's named executive officers:	52,588,579	1,019,638	134,543	--	5,718,651	Majority: yes
Proposal 3: Approval of the Royal Gold, Inc	52,005,648	1,632,022	105,090	--	5,718,651	Majority: yes
Proposal 4: Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025:	58,731,816	671,728	57,867	--	--	Majority: yes

This meeting is also recorded here as 2025-05-08; both records come from the same filing, so the date should be checked against it.

Source: ROYAL GOLD INC., Form 8-K, filed with the SEC on 2025-05-27 — read the filing on EDGAR.

How asset managers voted at the ROYAL GOLD INC. 2024-2025 meeting

Each item below shows how the 518 asset managers that disclosed a ROYAL GOLD INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of ROYAL GOLD INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote to approve named executive officer compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 9 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 52,588,579AGAINST: 1,019,638

ROYAL GOLD INC.’s own tally for this item (“Proposal 2: Approval, on an advisory basis, of the compensation of the Company's named executive officers:”): 52,588,579 for, 1,019,638 against, per its Form 8-K filed 2025-05-27 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 65,735,304 outstanding shares: 80% for, 2% against (82% of the company cast a for/against vote).

The 513 asset managers below cast 99.0% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.

FOR 99%

FOR: 99.0%AGAINST: 0.9%ABSTAIN: 0.0%NOT VOTED: 0.1%

Largest asset managers voting on “Advisory vote to approve named executive officer compensation” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Against	Vote
Capital Group	17,473,339	0	For
Vanguard	6,746,604	1	For
BlackRock	5,892,281	493	For
State Street	4,791,282	0	For
First Eagle Investment Management, LLC	3,291,940	0	For
FIRST EAGLE FUNDS	2,877,583	0	For
VAN ECK ASSOCIATES CORP	2,434,638	0	For
VanEck ETF Trust	2,375,538	0	For
T. Rowe Price	1,841,647	0	For
Fidelity	1,836,070	0	For
GEODE CAPITAL MANAGEMENT, LLC	1,669,252	0	For
Invesco	1,427,902	0	For
Findlay Park Partners LLP	1,241,030	0	For
AQR	1,055,946	0	For
Charles Schwab	961,648	0	For
Victory Capital	928,496	0	For
Dimensional	875,997	0	For
Northern Trust	853,654	0	For
American Century	458,950	0	For
MELLON INVESTMENTS Corp	428,926	0	For
Kopernik Global Investors, LLC	392,277	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	276,984	0	For
Gabelli	267,720	0	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	256,837	2,837	For
JPMorgan	243,976	0	For

Showing the 25 largest of 513 asset managers. See all 513 in the interactive database.

2. Approval of 2025 Incentive Plan

COMPENSATION

Meeting held 2025-05-22.

99.2% fund support · no official result

FOR 99.2%

The 119 asset managers below cast 99.2% of the shares they voted on this item FOR (34,000,243 for, 251,476 against).

FOR: 34,000,243 (99.3%)AGAINST: 251,476 (0.7%)ABSTAIN: 0 (0.0%)NOT VOTED: 104 (0.0%)

Largest asset managers voting on “Approval of 2025 Incentive Plan” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,687,430	0	For
Vanguard	6,582,253	1	For
BlackRock	3,518,601	0	For
FIRST EAGLE FUNDS	2,877,583	0	For
VanEck ETF Trust	2,375,538	0	For
Fidelity	1,666,308	0	For
State Street	1,646,945	109	For
Invesco	684,777	0	For
Dimensional	632,070	0	For
Victory Capital	554,141	0	For
Charles Schwab	477,395	0	For
T. Rowe Price	399,648	0	For
Gabelli	259,900	0	For
AQR	233,851	0	For
American Century	0	228,434	Against
ProShares	227,691	0	For
TIAA	207,127	0	For
Advisors' Inner Circle Fund II	204,673	0	For
First Trust	200,993	0	For
WisdomTree	157,260	0	For
ETF Series Solutions	147,423	0	For
Allspring	114,375	0	For
Jackson National	108,717	0	For
Amplify ETF Trust	106,552	0	For
Advisers Investment Trust	103,800	0	For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

3. Election of three Class II director nominees to serve until the 2028 annual meeting: Mark Isto

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 52,547,930AGAINST: 1,137,043

ROYAL GOLD INC.’s own tally for this item (“Elect Director: Mark Isto”): 52,547,930 for, 1,137,043 against, per its Form 8-K filed 2025-05-27 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 65,735,304 outstanding shares: 80% for, 2% against (82% of the company cast a for/against vote).

The 119 asset managers below cast 99.9% of the shares they voted on this item FOR (34,268,440 for, 3,820 against).

FOR 99.9%

FOR: 34,268,440 (100.0%)AGAINST: 3,820 (0.0%)ABSTAIN: 12,182 (0.0%)NOT VOTED: 104 (0.0%)

Largest asset managers voting on “Election of three Class II director nominees to serve until the 2028 annual meeting: Mark Isto” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,687,430	0	For
Vanguard	6,582,253	1	For
BlackRock	3,518,601	0	For
FIRST EAGLE FUNDS	2,877,583	0	For
VanEck ETF Trust	2,375,538	0	For
Fidelity	1,666,308	0	For
State Street	1,646,382	672	For
Invesco	684,777	0	For
Dimensional	632,070	0	For
Victory Capital	554,141	0	For
Charles Schwab	477,395	0	For
T. Rowe Price	399,648	0	For
Gabelli	259,900	0	For
AQR	233,851	0	For
American Century	228,434	0	For
ProShares	227,691	0	For
TIAA	207,127	0	For
Advisors' Inner Circle Fund II	204,673	0	For
First Trust	200,993	0	For
WisdomTree	157,260	0	For
ETF Series Solutions	147,423	0	For
Allspring	114,375	0	For
Jackson National	108,717	0	For
Amplify ETF Trust	106,552	0	For
Advisers Investment Trust	103,800	0	For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

4. Election of three Class II director nominees to serve until the 2028 annual meeting: Ronald Vance

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 51,981,540AGAINST: 1,702,815

ROYAL GOLD INC.’s own tally for this item (“Elect Director: Ronald Vance”): 51,981,540 for, 1,702,815 against, per its Form 8-K filed 2025-05-27 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 65,735,304 outstanding shares: 79% for, 3% against (82% of the company cast a for/against vote).

The 119 asset managers below cast 99% of the shares they voted on this item FOR (33,924,074 for, 348,186 against).

FOR 99%

FOR: 33,924,074 (98.9%)AGAINST: 348,186 (1.0%)ABSTAIN: 12,182 (0.0%)NOT VOTED: 104 (0.0%)

Largest asset managers voting on “Election of three Class II director nominees to serve until the 2028 annual meeting: Ronald Vance” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,687,430	0	For
Vanguard	6,582,253	1	For
BlackRock	3,518,601	0	For
FIRST EAGLE FUNDS	2,877,583	0	For
VanEck ETF Trust	2,375,538	0	For
Fidelity	1,666,308	0	For
State Street	1,646,945	109	For
Invesco	684,777	0	For
Dimensional	632,070	0	For
Victory Capital	554,141	0	For
Charles Schwab	477,395	0	For
T. Rowe Price	247,939	151,709	For
Gabelli	259,900	0	For
AQR	233,851	0	For
American Century	228,434	0	For
ProShares	227,691	0	For
TIAA	207,127	0	For
Advisors' Inner Circle Fund II	204,673	0	For
First Trust	200,993	0	For
WisdomTree	157,260	0	For
ETF Series Solutions	62,764	84,659	Against
Allspring	114,375	0	For
Jackson National	108,386	331	For
Amplify ETF Trust	0	106,552	Against
Advisers Investment Trust	103,800	0	For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

5. Election of three Class II director nominees to serve until the 2028 annual meeting: William Hayes

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 7 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%AGAINST 14%

FOR: 46,118,874AGAINST: 7,565,886

ROYAL GOLD INC.’s own tally for this item (“Elect Director: William Hayes”): 46,118,874 for, 7,565,886 against, per its Form 8-K filed 2025-05-27 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 65,735,304 outstanding shares: 70% for, 12% against (82% of the company cast a for/against vote).

The 119 asset managers below cast 91% of the shares they voted on this item FOR (31,300,568 for, 2,971,692 against).

FOR 91%9%

FOR: 31,300,568 (91.3%)AGAINST: 2,971,692 (8.7%)ABSTAIN: 12,182 (0.0%)NOT VOTED: 104 (0.0%)

Largest asset managers voting on “Election of three Class II director nominees to serve until the 2028 annual meeting: William Hayes” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,687,430	0	For
Vanguard	6,580,203	2,051	For
BlackRock	3,518,601	0	For
FIRST EAGLE FUNDS	2,877,583	0	For
VanEck ETF Trust	2,375,538	0	For
Fidelity	1,666,308	0	For
State Street	5,350	1,641,704	Against
Invesco	0	684,777	Against
Dimensional	632,070	0	For
Victory Capital	554,141	0	For
Charles Schwab	477,395	0	For
T. Rowe Price	0	399,648	Against
Gabelli	259,900	0	For
AQR	233,851	0	For
American Century	228,434	0	For
ProShares	227,691	0	For
TIAA	207,127	0	For
Advisors' Inner Circle Fund II	204,673	0	For
First Trust	200,993	0	For
WisdomTree	157,260	0	For
ETF Series Solutions	62,764	84,659	Against
Allspring	114,375	0	For
Jackson National	108,386	331	For
Amplify ETF Trust	0	106,552	Against
Advisers Investment Trust	103,800	0	For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

6. Ratification of appointment of Ernst & Young LLP as independent auditor for 2025

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-22.

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 58,731,816AGAINST: 671,728

ROYAL GOLD INC.’s own tally for this item (“Proposal 4: Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025:”): 58,731,816 for, 671,728 against, per its Form 8-K filed 2025-05-27 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 65,735,304 outstanding shares: 89% for, 1% against (90% of the company cast a for/against vote).

The 118 asset managers below cast 99.4% of the shares they voted on this item FOR (34,075,199 for, 191,650 against).

FOR 99.4%

FOR: 34,075,199 (99.4%)AGAINST: 191,650 (0.6%)ABSTAIN: 12,182 (0.0%)NOT VOTED: 104 (0.0%)

Largest asset managers voting on “Ratification of appointment of Ernst & Young LLP as independent auditor for 2025” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Against	Vote
Capital Group	8,687,430	0	For
Vanguard	6,582,254	0	For
BlackRock	3,518,601	0	For
FIRST EAGLE FUNDS	2,877,583	0	For
VanEck ETF Trust	2,375,538	0	For
Fidelity	1,666,308	0	For
State Street	1,646,945	109	For
Invesco	684,777	0	For
Dimensional	632,070	0	For
Victory Capital	554,141	0	For
Charles Schwab	477,395	0	For
T. Rowe Price	399,648	0	For
Gabelli	259,900	0	For
AQR	233,851	0	For
American Century	228,434	0	For
ProShares	227,691	0	For
TIAA	207,127	0	For
Advisors' Inner Circle Fund II	204,673	0	For
First Trust	200,993	0	For
WisdomTree	157,260	0	For
ETF Series Solutions	62,764	84,659	Against
Allspring	114,375	0	For
Jackson National	108,717	0	For
Amplify ETF Trust	0	106,552	Against
Advisers Investment Trust	103,800	0	For

Showing the 25 largest of 118 asset managers. See all 118 in the interactive database.

7. Approval of the 2025 Incentive Plan

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (12,227 for, 0 against).

FOR: 12,227 (100.0%)

Largest asset managers voting on “Approval of the 2025 Incentive Plan” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Vote
Union Investment Institutional GmbH	6,816	For
AMERICAN BEACON FUNDS	4,600	For
Northern Lights Fund Trust IV	604	For
PACE SELECT ADVISORS TRUST	207	For

8. Approve Omnibus Stock Plan

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-22.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (194,428 for, 0 against).

FOR: 194,428 (100.0%)

Largest asset managers voting on “Approve Omnibus Stock Plan” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Vote
America First Investment Advisors, LLC	158,096	For
Empower	31,892	For
GuideStone	3,820	For
Fractal Investments LLC	620	For

9. Advisory vote to approve named executive officer compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-05-23 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 52,626,561AGAINST: 984,040

ROYAL GOLD INC.’s own tally for this item (“Proposal 2: Approval, on an advisory basis, of the compensation of the Company's named executive officers:”): 52,626,561 for, 984,040 against, per its Form 8-K filed 2024-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 65,735,304 outstanding shares: 80% for, 1% against (82% of the company cast a for/against vote).

The 4 asset managers below cast 100% of the shares they voted on this item FOR (1,299 for, 0 against).

FOR 100%

FOR: 1,299 (100.0%)

Largest asset managers voting on “Advisory vote to approve named executive officer compensation” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Vote
Americana Partners, LLC	1,100	For
COLDSTREAM CAPITAL MANAGEMENT INC	149	For
DIVIDEND ASSETS CAPITAL, LLC	50	For
Echo45 Advisors LLC	0	--

10. Ratification of Auditor

AUDIT-RELATED

Meeting held 2025-05-22.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (5,411 for, 0 against).

FOR: 5,411 (100.0%)

Largest asset managers voting on “Ratification of Auditor” at ROYAL GOLD INC., 2024-2025
Asset manager	For	Vote
AMERICAN BEACON FUNDS	4,600	For
Northern Lights Fund Trust IV	604	For
PACE SELECT ADVISORS TRUST	207	For

Largest ROYAL GOLD INC. shareholders voting in 2024-2025

Ranked by the number of ROYAL GOLD INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 65,735,304 shares outstanding at the time of that meeting.

Top ROYAL GOLD INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Capital Group	26.58%
2	Vanguard	10.26%
3	BlackRock	8.96%
4	State Street	7.29%
5	First Eagle Investment Management, LLC	5.01%
6	FIRST EAGLE FUNDS	4.38%
7	VAN ECK ASSOCIATES CORP	3.70%
8	VanEck ETF Trust	3.61%
9	T. Rowe Price	2.80%
10	Fidelity	2.79%

Reported ROYAL GOLD INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

ROYAL GOLD INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Capital World Investors	14.89%	13G
BlackRock, Inc.	10.53%	DEF14A
The Vanguard Group	10.11%	DEF14A
VAN ECK ASSOCIATES CORP	7.64%	13G
Vanguard Capital Management	6.68%	13G
STATE STREET CORPORATION	5.66%	13G
First Eagle Investment Management, LLC	3.42%	13G
Northern Trust	1.56%	13F
Dimensional Fund Advisors	1.42%	13F
Morgan Stanley	1.37%	13F

Percentages above are of 65,735,304 shares outstanding, as reported by ROYAL GOLD INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ROYAL GOLD INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At ROYAL GOLD INC.'s shareholder meeting held 2025-05-22, in the 2024-2025 proxy season, 518 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,414 separate fund positions. Their filings are grouped here into 10 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory vote to approve named executive officer compensation — FOR was 98% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: ROYAL GOLD INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-27.

ROYAL GOLD INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.