Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	Royal Gold, Inc.
Entity Central Index Key	0000085535

Pay vs Performance Disclosure

6 Months Ended

12 Months Ended

Dec. 31, 2021

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Jun. 30, 2021

USD ($)

Jun. 30, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

2023 Pay Versus Performance

The following table and supporting narrative contain information regarding compensation paid to our NEOs and the relationship to company performance.

							Value of Initial Fixed $100 Investment Based on:
Fiscal Year(1)	Summary Compensation Table Total for Jensen (Former PEO) ($)	Compensation Actually Paid to Jensen (Former PEO) ($)	Summary Compensation Table Total for Heissenbuttel (Current PEO) ($)	Compensation Actually Paid to Heissenbuttel (Current PEO) ($)(2)	Average Summary Compensation Table Total for Non-PEO NEOs ($)	Average Compensation Actually Paid to Non-PEO NEOs ($)(2)	TSR ($)(3)	Peer Group TSR ($)(3)	Net Income ($ in thousands)	Gross GEO Production (# of ounces) (4)
2023	$ —	$ —	$4,282,057	$4,422,977	$1,690,815	$1,705,218	$124.3	$160.3	$239,440	315,714
2022	—	—	3,060,540	3,540,577	1,340,295	1,519,307	114.3	151.2	238,982	340,559
2021 Stub	—	—	3,148,212	2,698,385	1,253,741	1,098,874	105.4	162.4	138,339	189,905
2021	—	—	3,042,284	2,498,478	1,403,420	1,160,025	113.6	171.4	302,532	316,272
2020	4,141,033	5,618,723	2,403,556	3,001,054	1,223,674	1,123,128	122.5	154.8	199,343	340,021

(1)

Mr. Heissenbuttel served as principal executive officer (“PEO”) in each year listed, and Tony Jensen (our former President and CEO) served as PEO in fiscal year 2020 until his retirement on January 2, 2020. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

Fiscal Year			Non-PEO NEOs
2023			Daniel Breeze, Mark Isto, Paul Libner, Martin Raffield and Randy Shefman
2022			Daniel Breeze, Mark Isto, Paul Libner and Randy Shefman
2021 Stub			Daniel Breeze, Mark Isto, Paul Libner and Randy Shefman
2021			Daniel Breeze, Mark Isto, Paul Libner and Randy Shefman
2020			Daniel Breeze, Mark Isto, Bruce Kirchhoff, Paul Libner and Randy Shefman

(2)

The following table sets forth adjustments to the total compensation reported in the Summary Compensation Table (“SCT”) to arrive at compensation actually paid pursuant to SEC rules (“SEC CAP”) for 2023. Amounts do not reflect actual compensation earned by or paid to our NEOs during 2023.

Adjustments	PEO	Non-PEO NEO Average
SCT Total	$ 4,282,057	$1,690,815
Minus: Amount reported in “Stock Awards” column of the SCT	(2,507,551)	(882,982)
Plus: Fair value at 12/31/2023 of equity awards granted during 2023 that remained outstanding at 12/31/2023	2,243,970	790,854
Plus: Change in fair value measured from 12/31/2022 to 12/31/2023 for awards granted before 2023 and that remained outstanding at 12/31/2023	421,203	110,972
Minus: Change in fair value at vesting date versus 12/31/2022 for awards granted before 2023 that vested during 2023	(44,975)	(13,791)
Minus: The fair value at 12/31/2022 of awards granted before 2023 that failed to meet their vesting conditions	(6,891)	(2,213)
Plus: Dividends paid during 2023 prior to the vesting date of an award	35,164	11,563
SEC CAP	4,422,977	1,705,218

(3)

The amounts represent the value at the end of each period of an initial fixed investment of $100 made on July 1, 2019. The peer group consists of the PHLX Gold and Silver Index.

(4)

For 2023, our Company-selected measure is Gross GEO Production (previously Adjusted Cash G&A Expense), reflecting the increased weight of Gross GEO Production in our short-term cash incentive program, which results in Gross GEO Production being, by our assessment, the most important financial performance measure not otherwise disclosed in the table used to link SEC CAP to Company performance. Gross GEO Production, which is a non-GAAP financial measure, is gross gold equivalent ounces of production or “GEOs” calculated by dividing our revenues for each metal (with metals other than silver and copper included with gold revenues) by the budgeted metal prices of $1,825 for gold and metals other than silver and copper, $22.50 for silver, and $3.80 for copper, and converting silver and copper amounts to gold equivalent amounts using conversion factors based on the budgeted prices. Gross GEO Production differs from the GEO Production that we report in our earnings releases as GEO Production reported in our earnings releases uses the average LBMA metal prices instead of budgeted metal prices.

Company Selected Measure Name

Gross GEO Production

Named Executive Officers, Footnote

(1)

Fiscal Year			Non-PEO NEOs
2023			Daniel Breeze, Mark Isto, Paul Libner, Martin Raffield and Randy Shefman
2022			Daniel Breeze, Mark Isto, Paul Libner and Randy Shefman
2021 Stub			Daniel Breeze, Mark Isto, Paul Libner and Randy Shefman
2021			Daniel Breeze, Mark Isto, Paul Libner and Randy Shefman
2020			Daniel Breeze, Mark Isto, Bruce Kirchhoff, Paul Libner and Randy Shefman

Peer Group Issuers, Footnote

(3)

The amounts represent the value at the end of each period of an initial fixed investment of $100 made on July 1, 2019. The peer group consists of the PHLX Gold and Silver Index.

PEO Total Compensation Amount

$ 4,282,057

PEO Actually Paid Compensation Amount

$ 4,422,977

Adjustment To PEO Compensation, Footnote

(2)

Adjustments	PEO	Non-PEO NEO Average
SCT Total	$ 4,282,057	$1,690,815
Minus: Amount reported in “Stock Awards” column of the SCT	(2,507,551)	(882,982)
Plus: Fair value at 12/31/2023 of equity awards granted during 2023 that remained outstanding at 12/31/2023	2,243,970	790,854
Plus: Change in fair value measured from 12/31/2022 to 12/31/2023 for awards granted before 2023 and that remained outstanding at 12/31/2023	421,203	110,972
Minus: Change in fair value at vesting date versus 12/31/2022 for awards granted before 2023 that vested during 2023	(44,975)	(13,791)
Minus: The fair value at 12/31/2022 of awards granted before 2023 that failed to meet their vesting conditions	(6,891)	(2,213)
Plus: Dividends paid during 2023 prior to the vesting date of an award	35,164	11,563
SEC CAP	4,422,977	1,705,218

Non-PEO NEO Average Total Compensation Amount

$ 1,253,741

$ 1,690,815

$ 1,340,295

$ 1,403,420

$ 1,223,674

Non-PEO NEO Average Compensation Actually Paid Amount

1,098,874

$ 1,705,218

1,519,307

1,160,025

1,123,128

Adjustment to Non-PEO NEO Compensation Footnote

(2)

Adjustments	PEO	Non-PEO NEO Average
SCT Total	$ 4,282,057	$1,690,815
Minus: Amount reported in “Stock Awards” column of the SCT	(2,507,551)	(882,982)
Plus: Fair value at 12/31/2023 of equity awards granted during 2023 that remained outstanding at 12/31/2023	2,243,970	790,854
Plus: Change in fair value measured from 12/31/2022 to 12/31/2023 for awards granted before 2023 and that remained outstanding at 12/31/2023	421,203	110,972
Minus: Change in fair value at vesting date versus 12/31/2022 for awards granted before 2023 that vested during 2023	(44,975)	(13,791)
Minus: The fair value at 12/31/2022 of awards granted before 2023 that failed to meet their vesting conditions	(6,891)	(2,213)
Plus: Dividends paid during 2023 prior to the vesting date of an award	35,164	11,563
SEC CAP	4,422,977	1,705,218

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

[MISSING IMAGE: bc_seccapnetincome-pn.jpg]

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Tabular List of Company Performance Measures

The following table alphabetically lists the financial performance measures we believe were most important in linking SEC CAP to NEOs to company performance during 2023.