Welcome to our dedicated page for Royal Gold news (Ticker: RGLD), a resource for investors and traders seeking the latest updates and insights on Royal Gold stock.
Royal Gold Inc. (NASDAQ: RGLD) is a premier precious metals stream and royalty company that excels in acquiring and managing valuable precious metal streams and royalties. The company's business model allows it to own interests in 193 properties across six continents, including 38 producing mines and 24 development stage projects. This extensive portfolio, focused primarily on gold, provides investors with a unique opportunity to gain value in the precious metals sector without taking on the risks typical of mining operations, such as capital and operating costs or environmental liabilities.
Operating through a straightforward yet effective business approach, Royal Gold purchases a percentage of the metal produced from a mining property for an initial payment. Unlike mining companies, it does not assume responsibility for mining operations. Similarly, the company engages in precious metal streams—agreements with mine operators that grant the right to purchase a portion of metals produced from a mine for an upfront deposit payment. This strategy allows Royal Gold to benefit from the production without having to conduct any work on the properties it holds royalty and streaming assets for.
Royal Gold's portfolio is diverse, encompassing producing, development, evaluation, and exploration royalties and streams. The majority of the company's revenue is generated from major mining regions, including Canada, Mexico, Chile, and the United States. The company's strong presence in globally recognized gold regions underscores its significant role in the sector.
Recent achievements include successful acquisitions and new partnerships that have bolstered its portfolio's value. Current projects are in various stages of development, ensuring a steady pipeline of future revenue streams. Financially, Royal Gold maintains a robust condition, with strategic investments ensuring long-term growth and stability.
By focusing on gold and other precious metals through streams and royalties, Royal Gold offers investors a strategic advantage—capturing the benefits of precious metal production without the associated operational risks. This makes it an attractive option for those looking to invest in the resilience and potential of the precious metals market.
Royal Gold (NASDAQ: RGLD) has announced a 12.5% increase in its annual dividend from $1.60 to $1.80 per share for 2025, marking its 24th consecutive annual dividend increase. The quarterly dividend of $0.45 per share will be payable on January 17, 2025, to shareholders of record as of January 3, 2025. The company has paid dividends since 2000, with total payments reaching approximately $1 billion to date. Royal Gold currently holds interests in 175 properties across five continents, including 40 producing mines and 19 development projects.
Royal Gold (NASDAQ: RGLD) has announced its participation in the Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. Alistair Baker, Senior Vice President of Investor Relations and Business Development, will present on Wednesday, November 27, at 2:00 p.m. EST. A replay will be available on Royal Gold's website beginning the week of December 2.
As of September 30, 2024, Royal Gold, a precious metals stream and royalty company, owned interests in 175 properties across five continents, including 40 producing mines and 19 development-stage projects.
Royal Gold reported record financial results for Q3 2024, with net income of $96.2 million ($1.46 per share) and adjusted net income of $96.6 million ($1.47 per share). Revenue reached a record $193.8 million, up 40% YoY, driven by strong gold prices and contributions from new mines. Operating cash flow increased to $136.7 million, up 39% YoY. The company achieved an 81% adjusted EBITDA margin and repaid $50 million in debt, becoming debt-free. Gold sales accounted for 76% of revenue, with silver and copper contributing 12% and 9%, respectively. Significant developments included stable production at Mount Milligan, increased water availability at Andacollo, and expansion efforts at Khoemacau. The company also recognized its first revenue from the Manh Choh and Côté Gold mines. Royal Gold maintained a dividend of $0.40 per share, a 7% increase YoY. The company's strategy focuses on leveraging high gold prices while maintaining low G&A expenses and avoiding shareholder dilution.
Royal Gold (NASDAQ: RGLD) reported its Q3 2024 stream segment sales, with approximately 53,800 gold equivalent ounces (GEOs) sold. This comprised 40,700 ounces of gold, 688,200 ounces of silver, and 1,400 tonnes of copper. The company's inventory as of September 30, 2024, included 17,000 ounces of gold, 219,100 ounces of silver, and 400 tonnes of copper.
Average realized prices for the quarter were $2,459 per ounce of gold, $29.10 per ounce of silver, and $9,141 per tonne of copper. The cost of sales was approximately $506 per GEO. Royal Gold will release its Q3 2024 results on November 6, 2024, followed by a conference call on November 7, 2024. As of September 30, 2024, the company held interests in 175 properties across five continents, including 40 producing mines and 19 development stage projects.
Royal Gold (NASDAQ: RGLD) has announced its participation in the Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. Alistair Baker, Senior Vice President of Investor Relations and Business Development, will present on Wednesday, October 16, at 2:00 p.m. EDT. A replay of the event will be available on Royal Gold's website the week of October 21 and on Renmark's website.
Royal Gold is a precious metals stream and royalty company with interests in 177 properties across five continents, including 38 producing mines and 22 development-stage projects as of June 30, 2024. The company is publicly traded on the Nasdaq Global Select Market under the symbol RGLD.
Royal Gold, Inc. (NASDAQ: RGLD) has announced its participation in the John Tumazos Very Independent Research 2024 Virtual Conference. Jason Hynes, Senior Vice President of Strategy and Business Development, will present virtually on Tuesday, October 8, from 11:00 a.m. to 12:00 p.m. EDT. The presentation will be accessible via webcast through the company's website, with a replay available within 24 hours.
Royal Gold is a precious metals stream and royalty company that acquires and manages precious metal streams, royalties, and similar production-based interests. As of June 30, 2024, the company held interests in 177 properties across five continents, including 38 producing mines and 22 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol "RGLD".
Royal Gold, Inc. (NASDAQ: RGLD) has announced its participation in the Gold Forum Americas 2024 in Colorado Springs. CEO Bill Heissenbuttel will deliver a 20-minute fireside chat on September 16, 2024, at 2:00 p.m. MDT. The presentation will be live-streamed and available for on-demand viewing on the company's website.
Royal Gold is a precious metals stream and royalty company with interests in 177 properties across five continents, including 38 producing mines and 22 development projects. The company is publicly traded on the Nasdaq Global Select Market under the symbol RGLD.
Royal Gold (NASDAQ: RGLD) has announced its participation in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, September 11, 2024, at 2:00 p.m. EDT. Alistair Baker, Senior Vice President of Investor Relations and Business Development, will present at the event. A replay will be available on Royal Gold's website and the Renmark Financial Communications website the following week.
Royal Gold is a precious metals stream and royalty company with interests in 177 properties across five continents, including 38 producing mines and 22 development-stage projects as of June 30, 2024. The company is publicly traded on the Nasdaq Global Select Market under the symbol RGLD.
Royal Gold, Inc. (NASDAQ: RGLD) has announced its participation in the 2024 Jefferies Industrials Conference in New York. Alistair Baker, Senior Vice President of Investor Relations and Business Development, will present in a 30-minute fireside chat on Thursday, September 5, at 7:30 a.m. EDT. The presentation will be live-streamed and available for on-demand viewing shortly after the event on the company's website.
Royal Gold is a precious metals stream and royalty company with interests in 177 properties across five continents, including 38 producing mines and 22 development stage projects as of June 30, 2024. The company is publicly traded on the Nasdaq Global Select Market under the symbol RGLD.
Royal Gold (NASDAQ: RGLD) has declared its fourth quarter dividend of $0.40 per share of common stock. The dividend will be paid on October 18, 2024, to shareholders of record as of October 4, 2024. Royal Gold is a precious metals stream and royalty company with interests in 177 properties across five continents, including 38 producing mines and 22 development stage projects. The company specializes in acquiring and managing precious metal streams, royalties, and similar production-based interests.
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