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 released its 2023 guidance for total stream and royalty sales volume, depletion, depreciation, and amortization (DD&A) expense, and effective tax rate. The company projects 320,000 – 345,000 gold equivalent ounces (GEO) sales, including 235,000 – 250,000 ounces of gold. DD&A expense is expected to be between $490 – 540 per GEO, with an effective tax rate of 17 – 22%.
The guidance is based on various commodity price assumptions, including $1,825 per ounce of gold and $22.50 for silver. Key properties contributing to this guidance include Cortez, Khoemacau, and Mount Milligan. Factors influencing production forecasts include ore grades, weather impacts, and lag times in concentrate shipments.
Royal Gold (NASDAQ: RGLD) has announced a virtual Investor Update set for April 20, 2023, from 9:30 AM to 12:00 PM ET. The session will provide strategic updates on the company’s business, including 2023 guidance. A press release detailing this guidance will be issued before market open on the same day. The event will include prepared remarks from management followed by a live Q&A session. Interested investors can access the live event through the Royal Gold Investor Update link. Royal Gold operates in the precious metals sector, owning interests in 182 properties globally, including 40 producing mines.
Royal Gold, Inc. (NASDAQ: RGLD) reported the sale of approximately 60,800 gold equivalent ounces (GEOs) in Q1 2023, which includes about 42,100 ounces of gold, 808,100 ounces of silver, and 2,000 tonnes of copper. The average realized prices for this period were $1,869 per ounce for gold, $22.66 for silver, and $8,851 per tonne for copper. The cost of sales per GEO was noted at approximately $411. By March 31, 2023, Royal Gold held an inventory of about 18,600 ounces of gold and 512,300 ounces of silver. The company's diverse interests extend across 182 properties worldwide, with interests in 40 producing mines and 19 development projects.
Royal Gold (NASDAQ: RGLD) will participate in the Gold Forum Europe 2023 in
Royal Gold (NASDAQ: RGLD) has declared a dividend of $0.375 per share for the second quarter, payable on April 21, 2023. Shareholders of record as of April 6, 2023 will receive this payment, affirming the company's commitment to return value to its investors. Royal Gold is a leader in acquiring and managing precious metal streams and royalties, owning interests in 182 properties across five continents, including 40 producing mines. The company continues to support shareholder interests while effectively managing its portfolio of precious metals investments.
Royal Gold, Inc. (NASDAQ: RGLD) has announced a presentation in a live Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc.. Alistair Baker, Vice President of Investor Relations, will present on Tuesday, March 14, at 12:00 p.m. EST / 10:00 a.m. MST. A replay will be available the week of March 20 on Renmark's website. Royal Gold specializes in acquiring and managing precious metal streams and royalties, holding interests in 182 properties across five continents as of December 31, 2022.
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