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 reported a net income of $138.3 million, or $2.10 per share, for the six-month Transition Period ending December 31, 2021, on revenue of $343.0 million. Adjusted net income was $139.3 million, with production volumes reaching 191,300 GEOs, exceeding guidance. The December quarter saw revenue of $168.5 million and operating cash flow of $118.9 million. The Company repaid $100 million of its credit facility, reported total liquidity of $1.2 billion, and increased its dividend for the 21st consecutive year by 17% to $1.40 per share.
Royal Gold (NASDAQ: RGLD) will present at the TD Securities Global Mining Conference on January 27. CEO Bill Heissenbuttel will participate in a virtual Fireside Chat from 9:35 a.m. to 9:55 a.m. MT. Investors can access the webcast on the company’s website, with a replay available for 90 days. Royal Gold specializes in acquiring and managing precious metal streams and royalties, owning interests in 190 properties across five continents, including 44 producing mines and 17 development projects.
Royal Gold (NASDAQ: RGLD) reported the sale of approximately 61,700 gold equivalent ounces (GEOs) for the quarter ended December 31, 2021, consisting of about 45,600 gold ounces, 715,100 silver ounces, and 1,300 tonnes of copper. The Company had 26,000 GEOs in inventory, with average realized prices of $1,792 for gold, $23.35 for silver, and $9,703 for copper. Cost of sales was $407 per GEO, a decrease from $423 in the previous quarter. Royal Gold holds interests on 190 properties globally and will announce its quarterly results on February 16, 2022.
Royal Gold (NASDAQ: RGLD) announced participation in the 25th Annual CIBC Western Institutional Investor Conference on January 19. Jason Hynes, VP of Business Development, will be part of a Precious Metals Royalty panel discussion from 2:35 p.m. to 3:40 p.m. PT. The discussion will be accessible via the Company's website, with a recorded version available from January 23.
As of December 31, 2021, Royal Gold holds interests in 190 properties across five continents, including 44 producing mines and 16 development projects.
Royal Gold, Inc. (NASDAQ: RGLD) announced a transition of its fiscal year end from June 30 to December 31, effective December 31, 2021. This change aims to align reporting with industry counterparts. Key details include a transition period until December 31, 2021, with a 10-KT report due within 60 days post-transition. Quarterly 10-Q reports will be filed within 40 days after each quarter. The annual stockholders' meeting is set for May 25, 2022, and dividends are expected to continue quarterly. Guidance on sales and expenses will be provided in Q2 2022.
Royal Gold (NASDAQ: RGLD) announced its participation in the upcoming Virtual Non-Deal Roadshow hosted by Renmark Financial Communications. The presentation will be delivered by Alistair Baker, Vice President of Investor Relations and Business Development, on Tuesday, December 14 at 12:00 p.m. ET. Following the event, a replay will be accessible on Renmark's website the week of December 20. Royal Gold specializes in precious metals stream and royalty acquisitions, owning interests in 190 properties globally as of September 30, 2021.
Royal Gold (NASDAQ: RGLD) has announced a 17% increase in its annual dividend, raising it from
Royal Gold reported a strong financial performance for the quarter ended September 30, 2021, achieving a net income of $70.2 million ($1.07 per share) and record revenue of $174.4 million. The company generated operating cash flow of $129.9 million, with 73% of revenue from gold and 10% from silver. Key developments include increased silver stream rates from Khoemacau to 90% and a significant acquisition at the Red Chris Mine. The company also enhanced its ESG profile with an AA rating and achieved net zero carbon emissions for fiscal year 2020.
Royal Gold (NASDAQ: RGLD) announced its participation in a Virtual Non-Deal Roadshow on November 10 at 10:00 a.m. ET. Alistair Baker, VP of Investor Relations and Business Development, will present. Investors can access a replay of the event after November 15 on the Renmark Financial Communications website.
As of September 30, 2021, Royal Gold holds interests in 190 properties across five continents, including 44 producing mines and 16 development projects.
Royal Gold (NASDAQ: RGLD) reported the sale of approximately 64,300 gold equivalent ounces (GEOs) for the quarter ending September 30, 2021, aligning with previous guidance. This included about 46,400 gold ounces and 556,000 silver ounces. As of September 30, 2021, the company held 26,400 GEOs in inventory. Average realized prices for gold, silver, and copper decreased slightly from the prior quarter, with costs rising to $423 per GEO compared to $388. Royal Gold manages precious metal streaming agreements across 190 properties globally.
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