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 net income of $239.0 million ($3.63 per share) for 2022, down from $274.0 million the previous year, with revenues totaling $603.2 million. The fourth quarter saw net income of $56.4 million ($0.86 per share) on revenues of $163.0 million. The company’s production volume was 335,100 GEOs, aligning with guidance. Royal Gold increased its dividend for the 22nd consecutive year to $1.50 per share, representing a 7% increase. Key acquisitions included royalties on the Cortez Complex in Nevada and the Great Bear project in Ontario. Total liquidity stood at approximately $550 million.
Royal Gold (NASDAQ: RGLD) announced its participation in a live Virtual Non-Deal Roadshow on February 21 at 12:00 p.m. EST. Alistair Baker, Vice President Investor Relations and Business Development, will represent the company during the event. A replay will be available on the Renmark Financial Communications website starting the week of February 27. As of December 31, 2022, Royal Gold owned interests in 186 properties globally, including 40 producing mines and 20 development-stage projects. Investors are encouraged to register here for the event.
Royal Gold, Inc. (NASDAQ: RGLD) reported that its subsidiary, RGLD Gold AG, sold approximately 63,100 gold equivalent ounces (GEOs) during Q4 2022. This included roughly 46,000 gold ounces, 706,600 silver ounces, and 2,000 tonnes of copper. The average realized prices for gold, silver, and copper were
Royal Gold (NASDAQ: RGLD) announced a live Virtual Non-Deal Roadshow on January 11, 2023, at 11:00 a.m. CST. Alistair Baker, Vice President of Investor Relations, will present during the event. A replay will be accessible the week of January 16 via Renmark Financial Communications. As of December 31, 2022, Royal Gold owned interests in 186 properties across five continents, including 40 producing mines and 20 development-stage projects.
Royal Gold (NASDAQ: RGLD) has acquired two portions of a gross smelter return royalty in Nevada for $204.1 million. This acquisition enhances Royal Gold's interests in the Cortez Complex, a leading gold mining area operated by Barrick and Newmont. The Idaho Royalty is expected to generate immediate revenue without equity dilution and covers a large area, including prominent mines and development projects. Royal Gold anticipates production increases from the acquired assets, potentially contributing over 5,000 ounces by 2028, positioning Cortez as a top revenue producer in its portfolio.
Royal Gold (NASDAQ: RGLD) has announced its participation in the upcoming Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. on December 14 at 12:00 p.m. EST. The presentation will feature Alistair Baker, Vice President of Investor Relations and Business Development. A replay will be available on the Renmark website the week of December 19. Currently, Royal Gold holds interests in 186 properties worldwide, including 41 producing mines.
Summit Materials has announced that Karli Anderson will expand her role as Executive Vice President, now overseeing human resources and communications functions in addition to her existing responsibilities as Chief ESG Officer and Head of Investor Relations. This strategic move aims to enhance the Company’s ESG initiatives and optimize value for both employees and shareholders. Anderson brings a wealth of experience, having previously held significant roles at Royal Gold and Westwater Resources.
Royal Gold (NASDAQ: RGLD) announced a 7% increase in its annual common stock dividend, raising it from
Royal Gold reported a net income of $45.8 million ($0.70 per share) for Q3 2022, down from $70.2 million the previous year. Revenue for the quarter was $131.4 million, with operating cash flow at $95 million. The revenue distribution was 76% from gold, 11% from silver, and 8% from copper. The company repaid $50 million of its debt and increased its quarterly dividend by 17% to $0.35 per share. Notable acquisitions included royalties from the Cortez Complex and Great Bear Project, enhancing the company's portfolio.
Royal Gold, Inc. (NASDAQ: RGLD) reported that its subsidiary RGLD Gold AG sold approximately 56,100 gold equivalent ounces (GEOs) in the third quarter of 2022, including 43,700 gold ounces and 614,100 silver ounces. The average realized prices were $1,757 for gold, $19.64 for silver, and $7,939 for copper. Costs of sales per GEO decreased to $414, down from $425 in the previous quarter. The Company owned interests in 186 properties across five continents as of September 30, 2022, maintaining a solid portfolio despite facing fluctuating commodity prices.
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