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, 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.
Royal Gold, Inc. (NASDAQ: RGLD) announced its participation in the John Tumazos Very Independent Research Virtual Conference on October 11, 2022. Jason Hynes, Vice President of Business Development and Strategy, will present from 1:30 p.m. to 2:30 p.m. EDT. Investors can access the live webcast through the Company’s website, with a replay available within 24 hours. Royal Gold engages in acquiring and managing precious metal streams and royalties, owning interests in 185 properties across five continents as of June 30, 2022.
Royal Gold (NASDAQ: RGLD) announced its participation in a Virtual Non-Deal Roadshow on October 12, 2022, featuring Alistair Baker, Vice President of Investor Relations. The presentation will occur at 11:00 a.m. CDT / 12:00 p.m. EDT, with a replay available the week of October 17 on the Renmark Financial Communications website. Royal Gold is a company focused on acquiring and managing precious metal streams and royalties, with interests in 185 properties across five continents, including 41 producing mines.
Royal Gold has completed the acquisition of Great Bear Royalties Corp. for approximately
Royal Gold (NASDAQ: RGLD) announced its participation in the Gold Forum Americas 2022, taking place in Colorado Springs, Colorado. CEO Bill Heissenbuttel will present on September 20 at 1:20 p.m. MDT. The 20-minute presentation will be recorded and available for replay after September 22. Royal Gold is a precious metals stream and royalty company, owning interests in 185 properties across five continents, including 41 producing mines and 19 development-stage projects as of June 30, 2022.
Royal Gold, Inc. (NASDAQ: RGLD) announced a presentation in the live Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc.. Vice President Alistair Baker will present on Wednesday, September 14, at 10:00 a.m. EDT. A replay will be available on the Renmark website the week of September 19. The company, focused on acquiring and managing precious metal streams and royalties, owns interests in 185 properties across five continents, including 41 producing mines.
Royal Gold (NASDAQ: RGLD) announced its fourth quarter dividend of
Royal Gold reported net income of $71.1 million, or $1.08 per share, for Q2 2022, down from $81.7 million in the previous year. Revenue reached $146.4 million, with cash flow of $120.2 million. The company, debt-free with $280.6 million in cash, announced plans to acquire Great Bear Royalties Corporation and a royalty on the Cortez Complex for $525 million. Production volume was 78,300 GEOs, with a revenue split of 71% gold, 11% silver, and 14% copper. A quarterly dividend of $0.35 per share was declared, marking a 17% year-over-year increase.
Royal Gold, Inc. (NASDAQ: RGLD) has acquired a life of mine gross royalty for $525 million on the Cortez Complex in Nevada from Kennecott Royalty Company. This acquisition enhances Royal Gold's exposure to one of the world’s top gold mining regions, expected to yield substantial revenues starting in late 2022. The Royalty covers approximately 300 square miles, providing potential for exploration and growth alongside established operators Barrick Gold and Newmont Corporation. The transaction will utilize available cash and a credit facility, ensuring no shareholder dilution.
Royal Gold, Inc. (NASDAQ: RGLD) reported the sale of approximately 56,100 gold equivalent ounces (GEOs) for the second quarter ending June 30, 2022. This includes about 40,200 gold ounces, 550,000 silver ounces, and 1,800 tonnes of copper. The average realized prices were $1,876 for gold, $23.44 for silver, and $9,124 for copper. Cost of sales was approximately $425 per GEO. As of June 30, 2022, the Company had about 28,800 GEOs in inventory, comprising 24,000 gold ounces and 403,100 silver ounces.
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