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Royal Gold Inc - RGLD STOCK NEWS

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.

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Royal Gold, Inc. (NASDAQ: RGLD) announced its participation in the BMO 32nd Global Metals, Mining and Critical Minerals Conference in Hollywood, Florida, scheduled for February 28. The Company's President and CEO, Bill Heissenbuttel, will deliver a 30-minute presentation at 9:00 a.m. EST. This presentation will be available for live streaming and can be accessed on-demand for three months afterward. As of December 31, 2022, Royal Gold holds interests in 182 properties across five continents, including 40 producing mines and 19 in development stages.

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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.

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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.

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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 $1,710, $20.09, and $8,004 per tonne, respectively. Cost of sales was approximately $396 per GEO. The company had inventory of approximately 21,000 ounces of gold as of December 31, 2022.

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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.

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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.

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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.

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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.

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Royal Gold (NASDAQ: RGLD) announced a 7% increase in its annual common stock dividend, raising it from $1.40 to $1.50 per share. This translates to a quarterly dividend of $0.375, with the first payment scheduled for January 20, 2023, to shareholders on record by January 6, 2023. CEO Bill Heissenbuttel emphasized the company's commitment to sustainable dividends, underlining its unique position in the precious metals sector as part of the S&P High Yield Dividend Aristocrats Index.

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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.

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FAQ

What is the current stock price of Royal Gold (RGLD)?

The current stock price of Royal Gold (RGLD) is $133.81 as of December 20, 2024.

What is the market cap of Royal Gold (RGLD)?

The market cap of Royal Gold (RGLD) is approximately 8.9B.

What does Royal Gold Inc. do?

Royal Gold Inc. acquires and manages precious metal streams and royalties, primarily focusing on gold. It operates by purchasing a percentage of the metal produced from mining properties for an initial payment.

Where does Royal Gold's revenue come from?

The majority of Royal Gold's revenue is generated from its operations in Canada, Mexico, Chile, and the United States.

How does Royal Gold's business model work?

Royal Gold purchases a percentage of the metal produced from a mining property for an initial payment. It also enters into precious metal stream agreements, allowing it to buy a portion of metals produced from a mine for an upfront deposit payment.

What is the advantage of investing in Royal Gold?

Investing in Royal Gold allows investors to capture the value of precious metal production without the operational risks, such as capital and operating costs or environmental liabilities, associated with mining.

How many properties does Royal Gold have interests in?

Royal Gold has interests in 193 properties across six continents, including 38 producing mines and 24 development stage projects.

Does Royal Gold conduct mining operations?

No, Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. It benefits from production without taking part in operations.

What recent achievements has Royal Gold made?

Recent achievements include successful acquisitions and new partnerships that have increased the portfolio's value and ensured a steady pipeline of future revenue streams.

What metals does Royal Gold focus on?

Royal Gold primarily focuses on gold but also includes other precious metals in its streams and royalties.

Is Royal Gold publicly traded?

Yes, Royal Gold Inc. is publicly traded on the Nasdaq Global Select Market under the symbol 'RGLD'.

What are the financial conditions of Royal Gold?

Royal Gold maintains a robust financial condition, with strategic investments that ensure long-term growth and stability.

Royal Gold Inc

Nasdaq:RGLD

RGLD Rankings

RGLD Stock Data

8.93B
65.54M
0.33%
87.61%
3.6%
Gold
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