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 (RGLD) has declared a fourth quarter dividend of
Royal Gold reported a strong fiscal year 2021 with a net income of $302.5 million ($4.61 per share) and revenue of $615.9 million, reflecting increases of 23% and 52%, respectively, from the prior year. Operating cash flow reached $407.2 million, with 74% of revenue from gold. The company ended the year debt-free with $222 million in net cash and $1.2 billion in liquidity. Royal Gold increased its dividend for the 20th consecutive year by 7% to $1.20 per share. Key acquisitions included royalties on the Côté Gold Project and the NX Gold Mine.
Royal Gold (NASDAQ: RGLD) announced the acquisition of a 1.0% Net Smelter Return Royalty on the Red Chris Mine for $165 million from Glencore Canada Corporation. This acquisition strengthens Royal Gold's portfolio, providing potential significant revenue for decades, starting with an expected annual royalty payment of around $3.5 million from 2020 production. The Red Chris Mine, a world-class copper and gold project in British Columbia, is set for future underground mining development to enhance production capacity.
Royal Gold, Inc. (NASDAQ: RGLD) reported fourth quarter fiscal 2021 sales of approximately 63,500 gold equivalent ounces, including 50,500 gold ounces and 319,000 silver ounces, aligning with prior guidance. The company had a higher-than-expected inventory of about 38,000 GEOs at quarter-end. Average realized prices per ounce for gold, silver, and copper were $1,801, $26.45, and $9,584, respectively. Cost of sales per GEO decreased to $388, down from $410 in the previous quarter.
Royal Gold, Inc. (NASDAQ: RGLD) announced a precious metals purchase agreement with Ero Gold Corporation for gold from the NX Gold Mine in Brazil. The company will provide a $100 million advance and up to $10 million based on exploration success. Royal Gold will receive 25% of gold produced until 93,000 ounces, then 10% at 20% and 40% of the spot gold price, respectively. This strategic acquisition enhances immediate cash flow, supports regional exploration, and aligns with ESG commitments. Closing is expected in Q3 2021.
Royal Gold (NASDAQ: RGLD) announced management will participate in a Virtual Non-Deal Roadshow hosted by Renmark Financial Communications. The presentation will be led by Alistair Baker, Vice President of Investor Relations, on June 16 at 1:00 PM ET. A replay will be available the week of June 21 on Renmark's website. Royal Gold is a precious metals stream and royalty company, holding interests in 187 properties across five continents, including 41 producing mines.
Royal Gold (RGLD) announced its participation in the virtual J.P. Morgan Energy, Power & Renewables Conference. CEO Bill Heissenbuttel is set to present on June 23 from 11:30 a.m. to 12:00 p.m. EDT. Investors can access the presentation via the Company's website under the Investors/Events and Presentations section. Royal Gold specializes in acquiring and managing precious metal streams and royalties, owning interests in 187 properties across five continents, including 41 producing mines.
Royal Gold, Inc. (NASDAQ: RGLD) announced its participation in the 44th Nasdaq Virtual Investor Conference. Bill Heissenbuttel, the President and CEO, is scheduled to present on June 15 from 9:00 a.m. to 9:30 a.m. PDT. The presentation will be accessible via the Company’s website under the Investors/Events and Presentations section. Royal Gold specializes in acquiring and managing precious metal streams and royalties, owning interests in 187 properties globally, including 41 producing mines and 19 development projects as of March 31, 2021.
Royal Gold, Inc. (NASDAQ: RGLD) has declared a third quarter dividend of $0.30 per share, payable on July 16, 2021, to shareholders on record by July 2, 2021. The company specializes in managing precious metal streams and royalties, owning interests in 187 properties across five continents, including 41 producing mines and 19 development projects. This dividend indicates confidence in maintaining a stable income for shareholders.
Royal Gold (NASDAQ: RGLD) announced that management will present at the BofA Global Metals, Mining & Steel Virtual Conference on May 19, 2021. Bill Heissenbuttel, President and CEO, will speak from 10:20 a.m. to 10:50 a.m. MDT. The presentation can be accessed via the Company’s website. As of March 31, 2021, Royal Gold owns interests in 187 properties across five continents, including 41 producing mines and 19 development projects.
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