Royal Gold Inc Stock Price, News & Analysis

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.

Royal Gold reported strong Q2 2024 financial results, with net income of $81.2 million ($1.23 per share) on revenue of $174.1 million. Key highlights include:

- Revenue split: 74% gold, 13% silver, 10% copper
- Sales volume of 74,500 GEOs
- High adjusted EBITDA margin of 81%
- Repaid $100 million of debt, reducing total debt to $50 million
- Acquired additional royalties on Back River Project for $51 million

The company benefited from record high quarterly gold prices and strong portfolio performance. Royal Gold has repaid $225 million of debt in 2024, returning to a net cash position with ~$1 billion in liquidity. The Back River acquisition increases exposure to an attractive gold project in Nunavut.