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Royal Gold is a precious metals company that focuses on acquiring and managing precious metal streams and royalties. The company provides capital to mining companies in exchange for the right to purchase a percentage of the metal produced from a mine at a fixed price. This business model allows Royal Gold to generate revenue from a diversified portfolio of producing mines without taking on the operational risks and costs associated with mining operations. With a focus on gold, silver, copper, and other precious metals, Royal Gold provides investors with exposure to the potential upside of metal prices while also mitigating some of the risks associated with traditional mining investments. The company is known for its strong track record of generating value for shareholders through its royalty and streaming business model.