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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Jun. 30, 2019
SEGMENT INFORMATION |
Schedule of geographical distribution of long-lived assets | Royal Gold’s long‑lived assets (stream and royalty interests, net) as of June 30, 2019 and 2018 are geographically distributed as shown in the following table (amounts in thousands):
|  | As of June 30, 2019 |  | As of June 30, 2018
|  |  |  |  |  |  |  | Total stream |  |  |  |  |  |  |  |  |  |  | Total stream
|  | Stream |  | Royalty |  | and royalty |  | Stream |  | Royalty |  |  |  |  | and royalty
|  | interest |  | interest |  | interests, net |  | interest |  | interest |  | Impairments |  | interests, net
Canada |  | $ | 767,749 |  | $ | 200,251 |  | $ | 968,000 |  | $ | 809,500 |  | $ | 214,562 |  | $ | (284) |  | $ | 1,023,778
Dominican Republic |  |  | 451,585 |  |  | — |  |  | 451,585 |  |  | 495,460 |  |  | — |  |  | — |  |  | 495,460
Chile |  |  | 301,507 |  |  | 214,226 |  |  | 515,733 |  |  | 328,331 |  |  | 453,306 |  |  | (239,080) |  |  | 542,557
Africa |  |  | 89,555 |  |  | 321 |  |  | 89,876 |  |  | 104,874 |  |  | 502 |  |  | — |  |  | 105,376
Mexico |  |  | — |  |  | 83,748 |  |  | 83,748 |  |  | — |  |  | 93,277 |  |  | — |  |  | 93,277
United States |  |  | — |  |  | 163,398 |  |  | 163,398 |  |  | — |  |  | 165,543 |  |  | — |  |  | 165,543
Australia |  |  | — |  |  | 31,944 |  |  | 31,944 |  |  | — |  |  | 34,254 |  |  | — |  |  | 34,254
Rest of world |  |  | 12,039 |  |  | 22,993 |  |  | 35,032 |  |  | 12,039 |  |  | 28,833 |  |  | — |  |  | 40,872
Total |  | $ | 1,622,435 |  | $ | 716,881 |  | $ | 2,339,316 |  | $ | 1,750,204 |  | $ | 990,277 |  | $ | (239,364) |  | $ | 2,501,117
Schedule of reportable segments for assessing performance | The Company’s reportable segments for purposes of assessing performance are shown below (amounts in thousands):
|  | Fiscal Year Ended June 30, 2019
|  | Revenue |  | Cost of sales |  | Production taxes |  | Depletion |  | Segment gross profit
Stream interests |  | $ | 305,824 |  | $ | 77,535 |  | $ | — |  | $ | 127,770 |  | $ | 100,519
Royalty interests |  |  | 117,232 |  |  | — |  |  | 4,112 |  |  | 35,086 |  |  | 78,034
Total |  | $ | 423,056 |  | $ | 77,535 |  | $ | 4,112 |  | $ | 162,856 |  | $ | 178,553
|  | Fiscal Year Ended June 30, 2018
|  | Revenue |  | Cost of sales |  | Production taxes |  | Depletion |  | Segment gross profit
Stream interests |  | $ | 324,516 |  | $ | 83,839 |  | $ | — |  | $ | 129,662 |  | $ | 111,015
Royalty interests |  |  | 134,526 |  |  | — |  |  | 2,268 |  |  | 33,924 |  |  | 98,334
Total |  | $ | 459,042 |  | $ | 83,839 |  | $ | 2,268 |  | $ | 163,586 |  | $ | 209,349
|  | Fiscal Year Ended June 30, 2017
|  | Revenue |  | Cost of sales |  | Production taxes |  | Depletion |  | Segment gross profit
Stream interests |  | $ | 314,011 |  | $ | 87,265 |  | $ | — |  | $ | 121,530 |  | $ | 105,216
Royalty interests |  |  | 126,803 |  |  | — |  |  | 1,760 |  |  | 38,023 |  |  | 87,020
Total |  | $ | 440,814 |  | $ | 87,265 |  | $ | 1,760 |  | $ | 159,553 |  | $ | 192,236
Schedule of reconciliation of segment gross profit to consolidated income (loss) | A reconciliation of total segment gross profit to the consolidated Income (loss) before income taxes is shown below (amounts in thousands):
|  | Fiscal Year Ended June 30,
|  |  | 2019 |  |  | 2018 |  |  | 2017
Total segment gross profit |  | $ | 178,553 |  | $ | 209,349 |  | $ | 192,236
Costs and expenses |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  | 30,488 |  |  | 35,464 |  |  | 33,350
Exploration costs |  |  | 7,158 |  |  | 8,946 |  |  | 12,861
Depreciation |  |  | 200 |  |  | 110 |  |  | 83
Impairment of royalty interests |  |  | — |  |  | 239,364 |  |  | —
Operating income (loss) |  |  | 140,707 |  |  | (74,535) |  |  | 145,942
Fair value changes in equity securities |  |  | (6,800) |  |  | — |  |  | —
Interest and other income |  |  | 2,320 |  |  | 4,170 |  |  | 9,302
Interest and other expense |  |  | (29,650) |  |  | (34,214) |  |  | (36,378)
Income (loss) before income taxes |  | $ | 106,577 |  | $ | (104,579) |  | $ | 118,866
Schedule of revenue by reportable segment | The Company’s revenue by reportable segment for the fiscal year’s ended June 30, 2019, 2018 and 2017 is geographically distributed as shown in the following table (amounts in thousands):
|  | Fiscal Year Ended June 30,
|  | 2019 |  | 2018 |  | 2017
Stream interests: |  |  |  |  |  |  |  |  |
Canada |  | $ | 123,152 |  | $ | 142,244 |  | $ | 136,736
Dominican Republic |  |  | 82,844 |  |  | 95,055 |  |  | 91,589
Chile |  |  | 69,264 |  |  | 57,413 |  |  | 60,251
Africa |  |  | 30,564 |  |  | 29,804 |  |  | 25,435
Total stream interests |  | $ | 305,824 |  | $ | 324,516 |  | $ | 314,011
Royalty interests: |  |  |  |  |  |  |  |  |
United States |  | $ | 34,845 |  | $ | 39,496 |  | $ | 35,282
Canada |  |  | 32,602 |  |  | 24,254 |  |  | 23,208
Mexico |  |  | 27,224 |  |  | 42,959 |  |  | 41,945
Australia |  |  | 12,806 |  |  | 13,710 |  |  | 12,943
Africa |  |  | 1,416 |  |  | 2,098 |  |  | 3,131
Chile |  |  | — |  |  | 473 |  |  | 1,648
Rest of world |  |  | 8,339 |  |  | 11,536 |  |  | 8,646
Total royalty interests |  | $ | 117,232 |  | $ | 134,526 |  | $ | 126,803
Total revenue |  | $ | 423,056 |  | $ | 459,042 |  | $ | 440,814

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