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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 May 27, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 6Reported items
  • 520Asset managers
  • 3,426Fund votes
  • May 22, 2025Meeting date

Results at a glance

Meeting of May 22, 2025: 6 items on ROYAL GOLD INC.’s Form 8-K, filed May 27, 2025: 6 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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 May 27, 2025 (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 May 22, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: William Hayes 46,118,8747,565,88658,000 --5,718,651 86%Not verified—
Elect Director: Mark Isto 52,547,9301,137,04357,787 --5,718,651 98%Not verified—
Elect Director: Ronald Vance 51,981,5401,702,81558,405 --5,718,651 97%Not verified—
2. Approval, on an advisory basis, of the compensation of the Company's named executive officers 52,588,5791,019,638134,543 --5,718,651 98%Not verified—
3. Approval of the Royal Gold, Inc 52,005,6481,632,022105,090 --5,718,651 97%Not verified—
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 58,731,816671,72857,867 ---- 99%Not verified—

This meeting is also recorded here as May 8, 2025; 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 May 27, 2025 — read the filing on EDGAR.

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

Each item below shows how the 520 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. Elect Director: Mark Isto

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 119 asset managers

Description as filed by funds: Election of three Class II director nominees to serve until the 2028 annual meeting: Mark Isto

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 May 27, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 119 asset managers below reported 34,297,463 for, 3,820 against, 12,182 abstained, 104 not voted.

FOR
FOR: 34,297,463AGAINST: 3,820ABSTAIN: 12,182NOT VOTED: 104
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 managerForAgainst AbstainWithheldVote
Capital Group8,687,4300 00For
Vanguard6,582,2531 00For
BlackRock3,518,6010 00For
FIRST EAGLE FUNDS2,877,5830 00For
VanEck ETF Trust2,375,5380 00For
Fidelity1,666,3080 00For
State Street1,646,382672 00For
Invesco684,7770 00For
Dimensional632,0700 00For
Victory Capital554,1410 00For
Charles Schwab477,3950 00For
T. Rowe Price399,6480 00For
Gabelli259,9000 00For
AQR233,8510 00For
American Century228,4340 00For
ProShares227,6910 00For
TIAA207,1270 00For
Advisors' Inner Circle Fund II204,6730 00For
First Trust200,9930 00For
WisdomTree157,2600 00For
ETF Series Solutions147,4230 00For
Allspring114,3750 00For
Jackson National108,7170 00For
Amplify ETF Trust106,5520 00For
Advisers Investment Trust103,8000 00For

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

2. Elect Director: Ronald Vance

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 119 asset managers

Description as filed by funds: Election of three Class II director nominees to serve until the 2028 annual meeting: Ronald Vance

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 May 27, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 119 asset managers below reported 33,953,097 for, 348,186 against, 12,182 abstained, 104 not voted.

FOR
FOR: 33,953,097AGAINST: 348,186ABSTAIN: 12,182NOT VOTED: 104
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 managerForAgainst AbstainWithheldVote
Capital Group8,687,4300 00For
Vanguard6,582,2531 00For
BlackRock3,518,6010 00For
FIRST EAGLE FUNDS2,877,5830 00For
VanEck ETF Trust2,375,5380 00For
Fidelity1,666,3080 00For
State Street1,646,945109 00For
Invesco684,7770 00For
Dimensional632,0700 00For
Victory Capital554,1410 00For
Charles Schwab477,3950 00For
T. Rowe Price247,939151,709 00Mixed
Gabelli259,9000 00For
AQR233,8510 00For
American Century228,4340 00For
ProShares227,6910 00For
TIAA207,1270 00For
Advisors' Inner Circle Fund II204,6730 00For
First Trust200,9930 00For
WisdomTree157,2600 00For
ETF Series Solutions62,76484,659 00Mixed
Allspring114,3750 00For
Jackson National108,386331 00For
Amplify ETF Trust0106,552 00Against
Advisers Investment Trust103,8000 00For

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

3. Elect Director: William Hayes

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%AGAINST
FOR: 46,118,874AGAINST: 7,565,886
Details: description as filed, official tally, votes by 119 asset managers

Description as filed by funds: Election of three Class II director nominees to serve until the 2028 annual meeting: William Hayes

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 May 27, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 86% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 119 asset managers below reported 31,329,591 for, 2,971,692 against, 12,182 abstained, 104 not voted.

FOR
FOR: 31,329,591AGAINST: 2,971,692ABSTAIN: 12,182NOT VOTED: 104
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 managerForAgainst AbstainWithheldVote
Capital Group8,687,4300 00For
Vanguard6,580,2032,051 00For
BlackRock3,518,6010 00For
FIRST EAGLE FUNDS2,877,5830 00For
VanEck ETF Trust2,375,5380 00For
Fidelity1,666,3080 00For
State Street5,3501,641,704 00Against
Invesco0684,777 00Against
Dimensional632,0700 00For
Victory Capital554,1410 00For
Charles Schwab477,3950 00For
T. Rowe Price0399,648 00Against
Gabelli259,9000 00For
AQR233,8510 00For
American Century228,4340 00For
ProShares227,6910 00For
TIAA207,1270 00For
Advisors' Inner Circle Fund II204,6730 00For
First Trust200,9930 00For
WisdomTree157,2600 00For
ETF Series Solutions62,76484,659 00Mixed
Allspring114,3750 00For
Jackson National108,386331 00For
Amplify ETF Trust0106,552 00Against
Advisers Investment Trust103,8000 00For

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

4. Approval of 2025 Incentive Plan

No official matchCOMPENSATION

99.2% of fund votes cast · no official result

FOR
Details: votes by 120 asset managers

The 120 asset managers below reported 34,029,266 for, 251,476 against, 0 abstained, 104 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 34,029,266AGAINST: 251,476ABSTAIN: 0NOT VOTED: 104
Largest asset managers voting on “Approval of 2025 Incentive Plan” at ROYAL GOLD INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group8,687,4300 00For
Vanguard6,582,2531 00For
BlackRock3,518,6010 00For
FIRST EAGLE FUNDS2,877,5830 00For
VanEck ETF Trust2,375,5380 00For
Fidelity1,666,3080 00For
State Street1,646,945109 00For
Invesco684,7770 00For
Dimensional632,0700 00For
Victory Capital554,1410 00For
Charles Schwab477,3950 00For
T. Rowe Price399,6480 00For
Gabelli259,9000 00For
AQR233,8510 00For
American Century0228,434 00Against
ProShares227,6910 00For
TIAA207,1270 00For
Advisors' Inner Circle Fund II204,6730 00For
First Trust200,9930 00For
WisdomTree157,2600 00For
ETF Series Solutions147,4230 00For
Allspring114,3750 00For
Jackson National108,7170 00For
Amplify ETF Trust106,5520 00For
Advisers Investment Trust103,8000 00For

Showing the 25 largest of 120 asset managers. See all 120 in the interactive database.

5. 2. Approval, on an advisory basis, of the compensation of the Company's named executive officers

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

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
Details: description as filed, official tally, votes by 520 asset managers

Description as filed by funds: Advisory vote to approve named executive officer compensation

ROYAL GOLD INC.’s own tally for this item (“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 May 27, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 118 asset managers voting on “Advisory vote to approve named executive officer compensation” at ROYAL GOLD INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group8,687,4300 00For
Vanguard6,582,2531 00For
BlackRock3,518,6010 00For
FIRST EAGLE FUNDS2,877,5830 00For
VanEck ETF Trust2,375,5380 00For
Fidelity1,666,3080 00For
State Street1,647,0540 00For
Invesco684,7770 00For
Dimensional632,0700 00For
Victory Capital554,1410 00For
Charles Schwab477,3950 00For
T. Rowe Price399,6480 00For
Gabelli259,9000 00For
AQR233,8510 00For
American Century228,4340 00For
ProShares227,6910 00For
TIAA207,1270 00For
Advisors' Inner Circle Fund II204,6730 00For
First Trust200,9930 00For
WisdomTree157,2600 00For
ETF Series Solutions147,4230 00For
Allspring114,3750 00For
Jackson National108,7170 00For
Amplify ETF Trust106,5520 00For
Advisers Investment Trust103,8000 00For

Fund voting reports, all 118 managers: 34,286,077 for, 14,954 against, 12,182 abstained, 104 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 432 asset managers voting on “Advisory vote to approve named executive officer compensation” at ROYAL GOLD INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group8,785,9090 00For
First Eagle Investment Management, LLC3,291,9400 00For
State Street3,144,2280 00For
VAN ECK ASSOCIATES CORP2,434,6380 00For
BlackRock2,373,680493 00For
GEODE CAPITAL MANAGEMENT, LLC1,669,2520 00For
T. Rowe Price1,441,9990 00For
Findlay Park Partners LLP1,241,0300 00For
AQR822,0950 00For
Northern Trust769,9990 00For
Invesco743,1250 00For
Charles Schwab484,2530 00For
MELLON INVESTMENTS Corp428,9260 00For
Kopernik Global Investors, LLC392,2770 00For
Victory Capital374,3550 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC276,9840 00For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP256,8372,837 00For
Dimensional243,9270 00For
American Century230,5160 00For
Renaissance224,2110 00For
Nuveen215,5980 00For
Ninety One UK Ltd214,3220 00For
Swedbank Robur Fonder AB0207,155 00Against
RBC Global Asset Management (U.S.)187,5120 00For
Fidelity169,7620 00For

Institutional-manager reports, all 432 managers: 34,587,900 for, 634,200 against, 769 abstained, 47,353 not voted. Showing the 25 largest; see all in the interactive database.

6. 4. Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 58,731,816AGAINST: 671,728
Details: description as filed, official tally, votes by 118 asset managers

Description as filed by funds: Ratification of appointment of Ernst & Young LLP as independent auditor for 2025

ROYAL GOLD INC.’s own tally for this item (“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 May 27, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 118 asset managers below reported 34,104,222 for, 191,650 against, 12,182 abstained, 104 not voted.

FOR
FOR: 34,104,222AGAINST: 191,650ABSTAIN: 12,182NOT VOTED: 104
Largest asset managers voting on “Ratification of appointment of Ernst & Young LLP as independent auditor for 2025” at ROYAL GOLD INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group8,687,4300 00For
Vanguard6,582,2540 00For
BlackRock3,518,6010 00For
FIRST EAGLE FUNDS2,877,5830 00For
VanEck ETF Trust2,375,5380 00For
Fidelity1,666,3080 00For
State Street1,646,945109 00For
Invesco684,7770 00For
Dimensional632,0700 00For
Victory Capital554,1410 00For
Charles Schwab477,3950 00For
T. Rowe Price399,6480 00For
Gabelli259,9000 00For
AQR233,8510 00For
American Century228,4340 00For
ProShares227,6910 00For
TIAA207,1270 00For
Advisors' Inner Circle Fund II204,6730 00For
First Trust200,9930 00For
WisdomTree157,2600 00For
ETF Series Solutions62,76484,659 00Mixed
Allspring114,3750 00For
Jackson National108,7170 00For
Amplify ETF Trust0106,552 00Against
Advisers Investment Trust103,8000 00For

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

Not shown here: this season’s fund filings also report 1 item from the meeting of May 23, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest ROYAL GOLD INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 65,735,304 shares outstanding at the time of that meeting.

Fund voting reports: top ROYAL GOLD INC. shareholders by shares voted on “Advisory vote to approve named executive officer compensation”, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 13.22%
2Vanguard 10.01%
3BlackRock 5.35%
4FIRST EAGLE FUNDS 4.38%
5VanEck ETF Trust 3.61%
6Fidelity 2.53%
7State Street 2.51%
8Invesco 1.04%
9Dimensional 0.96%
10Victory Capital 0.84%
Institutional-manager reports: top ROYAL GOLD INC. shareholders by shares voted on “Advisory vote to approve named executive officer compensation”, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 13.37%
2First Eagle Investment Management, LLC 5.01%
3State Street 4.78%
4VAN ECK ASSOCIATES CORP 3.70%
5BlackRock 3.61%
6GEODE CAPITAL MANAGEMENT, LLC 2.54%
7T. Rowe Price 2.19%
8Findlay Park Partners LLP 1.89%
9AQR 1.25%
10Northern Trust 1.17%

Reported ROYAL GOLD INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

ROYAL GOLD INC. holdings and ownership disclosed 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 March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At ROYAL GOLD INC.'s shareholder meeting held May 22, 2025, in the 2024-2025 proxy season, 520 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,426 separate fund positions. Their filings are grouped here into 6 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 May 27, 2025.

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

Download data (CSV): ballot items · votes by manager · column guide.