Royal Gold Reports Record Revenue in the Second Quarter of Fiscal 2021

Rhea-AI Summary

Royal Gold reported a strong second quarter for fiscal 2021, achieving a net income of $59.9 million ($0.91 per share) on record revenue of $158.4 million, a 28% increase year-over-year. This growth was primarily driven by high metal prices, with 76% of revenue from gold averaging $1,874 per ounce. Operating cash flow rose to $99.9 million, and the annual dividend increased to $1.20 per share, marking the 20th consecutive annual increase. The Khoemacau project construction is 85% complete, targeting first shipments in Q3 2021.

Positive

• Record revenue of $158.4 million, up 28% from prior year quarter.
• Operating cash flow increased to $99.9 million, a 28% rise.
• Annual dividend increased to $1.20 per share, 7% increase, 20th consecutive annual increase.
• Khoemacau project construction is 85% complete, on track for first shipment in Q3 2021.

Negative

• None.

ROYAL GOLD, INC. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we,” “us,” or “our”) reports net income of $59.9 million, or $0.91 per share, on record revenue of $158.4 million in its second quarter of fiscal 2021 ended December 31, 2020 (“second quarter”). Adjusted net income ¹ was $60.1 million, or $0.92 per share, after excluding a $0.01 loss on the change in fair value of equity securities.

Second Quarter 2021 Highlights:

• Record revenue of $158.4 million, an increase of 28% over the prior year quarter
• 76% of revenue from gold at an average price of $1,874 per ounce
• Operating cash flow of $99.9 million, an increase of 28% over the prior year quarter
• Volume of 84,500 GEOs¹
• $200 million of debt, net cash² of $182 million, with $1.2 billion of liquidity available
• Annual dividend increased to $1.20 per share, a 7% increase over the prior year, and the 20th consecutive annual increase
• Khoemacau construction 85% complete, and 80% base silver stream fully funded
• Continued Board renewal with election of Fabiana Chubbs

“Excellent performance from our operating portfolio combined with continued robust metal prices led to another quarter of record revenue and strong operating cash flow,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “The positive price environment continues to support organic growth from within the portfolio including new revenue contributions from Relief Canyon and South Laverton. Solid operating cash flow of almost $100 million allowed us to further strengthen the balance sheet, increase our annual dividend for the 20^th consecutive year, and complete our funding of the advance payment for the 80% base silver stream at Khoemacau. We are pleased to see progress at Khoemacau remain on track for first shipment of concentrate in the third calendar quarter of 2021.”

“Finally,” continued Mr. Heissenbuttel, “we continued our long-standing practice of maintaining an independent and highly qualified Board of Directors with the election of Fabiana Chubbs following the retirement of Chris Thompson in November. I would like to welcome Fabiana to the Board and thank Chris for his invaluable contribution to Royal Gold over the past several years.”

_________________________________________

^[1] Adjusted net income is a non-GAAP financial measure. See Schedule A of this press release for additional information.

^[2] See Schedule A of this press release for additional information about gold equivalent ounces, or GEOs.

^[3] Net debt (and net cash) is a non-GAAP financial measure. See Schedule A of this press release for additional information.

Recent Developments

Khoemacau Project

According to Khoemacau Copper Mining (Pty.) Limited (“KCM”), progress continued at the Khoemacau Project (“Khoemacau”) during the quarter, and the project reached approximately 85% of construction completion as of December 31, 2020. According to KCM, activities are focused on refurbishment and upgrading of the Boseto mill, underground development, completion of accommodation, power and water infrastructure at Zone 5 and completion of haul road surfacing between Zone 5 and the Boseto mill. Also, according to KCM, underground development had cumulatively advanced 8,311 meters in the three mines and approximately 70,000 tonnes of ore were stockpiled on surface at the end of December 2020.

The six-month state of emergency declared by the Government of Botswana in March 2020 to help prevent the spread of COVID-19 was extended on September 28, 2020, for an additional six months through March 2021. Mining remains designated as an “essential service” and KCM reports that general development activity at Khoemacau is continuing without significant impact. In line with previous reporting, and barring any potential further impacts caused by COVID-19 considerations, KCM is targeting to begin commissioning activities late in the second calendar quarter of 2021 with first shipment of concentrate to occur late in the third calendar quarter of 2021.

On January 6, 2021, Royal Gold made the sixth advance payment of $32.6 million, which brings the total contribution to $212 million and completes the advance payment required to earn the full base silver stream. For any remaining funding required to complete construction, KCM may elect under the stream agreement to draw up to $53 million in additional stream financing, earning Royal Gold up to an additional 20% option silver stream, draw up to $25 million under a subordinated debt facility provided by Royal Gold, and/or seek at least $25 million in equity from project sponsors. The subordinated debt facility has a term of seven years, carries interest at a rate of LIBOR +11%, and requires mandatory repayment upon certain events.

KCM currently anticipates that up to $50 million of this additional funding is required to complete construction and ramp up of Khoemacau to commercial production, largely a result of previously reported schedule impacts caused by COVID-19 considerations. The added funding mechanisms built into the stream agreement allow KCM to seamlessly access the additional capital required. KCM is currently reviewing its funding options in advance of the next funding draw, which may occur as early as April 2021, and does not anticipate requiring any further funding after this draw to reach commercial production.

Continued Progress on Pueblo Viejo Expansion

Barrick Gold Corporation (“Barrick”) reported continued progress at Pueblo Viejo during the quarter to expand the process plant and tailings storage facilities. Barrick estimates that the expansion project could significantly increase throughput and allow the mine to maintain average annual gold production of approximately 800,000 ounces after calendar 2022 (on a 100% basis), and that the increase in tailings storage capacity has the potential to convert approximately 11 million ounces of mineralized material to reserves (on a 100% basis).

As reported by Barrick, the Environmental Impact Assessment for the process plant expansion has been approved and an amended environmental license has been issued, and progress continued with engineering, procurement of long lead equipment packages, earthworks and tendering of contracts for construction activities. Barrick also reported that studies and permitting discussions to support additional tailings capacity continued to progress.

Further Strengthening of Balance Sheet

The Company maintains a disciplined approach to capital allocation and repaid $75 million of the amount outstanding on its revolving credit facility during the second quarter, ending the quarter with an outstanding balance of $200 million and a net cash position of $182 million. The interest rate on borrowings under the revolving credit facility is LIBOR +1.10% for an all-in rate of 1.33% as of December 31, 2020.

On January 4, 2021, the Company repaid a further $50 million of the outstanding borrowings under the credit facility, reducing the amount outstanding to $150 million. After this repayment, the amount available under the revolving credit facility was $850 million.

Dividend Increase to $1.20 per Share

As previously announced on November 17, 2020, the Board of Directors increased the annual calendar year common stock dividend from $1.12 to $1.20 per share, a 7% increase over the prior calendar year, payable on a quarterly basis of $0.30 per share.

The return of capital to shareholders through payment of a growing and sustainable dividend is a core component of Royal Gold’s capital allocation strategy. Royal Gold has paid a dividend since 2000 and this increase represents the 20^th consecutive annual increase to the dividend.

Board Renewal

The Royal Gold Board of Directors (“Board”) undertook a process to identify, assess and nominate a new Board member upon receiving notice from Christopher Thompson of his intention to retire from the Board effective November 18, 2020. Mr. Thompson was elected to the Board in 2014 and served as a member of the Audit and Finance Committee (“AFC”).

After a thorough search process, Fabiana Chubbs was nominated and elected as a Class III director at the Annual Meeting of Stockholders on November 18, 2020. Ms. Chubbs has extensive experience in the mining industry and currently serves as a director of Lithium Americas Corporation, and prior to retirement from executive management roles, held the position of Chief Financial Officer of Eldorado Gold Corporation from 2011 to 2018. Prior to 2011, Ms. Chubbs had responsibility for treasury and risk management functions at Eldorado Gold Corporation, and worked in auditing roles with PwC Canada, PwC Argentina and IBM. Ms. Chubbs’ experience with finance, financial reporting and internal controls provides her with excellent credentials to join the AFC and fill the vacancy resulting from the retirement of Mr. Thompson.

Royal Gold follows corporate practices designed to protect and promote long-term value, including robust processes for selection of new directors. The Royal Gold Board has nominated, and shareholders have elected, six new independent directors in the past eight years with wide and diverse backgrounds and experience, leading to meaningful Board renewal.

Second Quarter 2021 Overview

Second quarter revenue was $158.4 million, compared to revenue of $123.6 million for the prior year quarter, comprised of stream revenue of $107.7 million and royalty revenue of $50.7 million. The increase in total revenue for the second quarter compared to the prior year quarter was primarily due to increased gold, silver and copper prices and an increase in production within the royalty segment.

Cost of sales, which excludes depreciation, depletion and amortization, increased to $24.9 million for the second quarter from $21.1 million for the prior year quarter. The increase was primarily due to an increase in gold, silver and copper prices when compared to the prior period. Cost of sales is specific to stream agreements and is the result of the purchase of gold, silver and copper for a cash payment.

Exploration costs, which were specific only to the exploration and advancement of the Peak Gold Project, decreased to zero for the second quarter from $1.5 million for the prior year period. On September 30, 2020, the Company sold its interest in the Peak Gold Joint Venture and no further exploration costs are expected to be incurred.

Depreciation, depletion and amortization increased to $47.9 million for the second quarter from $40.1 million for the prior year quarter. The increase was primarily due to higher gold sales at Mount Milligan and an increase in depletion rates at Mount Milligan, as previously discussed in the Company’s fiscal year 2020 10-K. These increases were partially offset by a decrease in gold sales at Andacollo when compared to the prior period.

Interest and other expense decreased to $1.6 million for the second quarter, from $2.2 million for the prior year quarter. The decrease was primarily attributable to lower interest expense as a result of lower interest rates on outstanding debt when compared to the prior period.

During the second quarter, the Company recorded income tax expense totaling $16.0 million, compared with income tax expense of $11.1 million for the prior year quarter. The income tax expense resulted in an effective tax rate of 21.1% in the current period, compared with 21.6% in the quarter ended December 31, 2019.

As of December 31, 2020, the Company had current assets of $450.5 million compared to current liabilities of $57.2 million, which resulted in working capital of $393.3 million. This compares to current assets of $362.2 million and current liabilities of $43.6 million as of June 30, 2020, resulting in working capital of $318.6 million. The increase in working capital was primarily due to increased revenue and proceeds from the sale of the Peak Gold Joint Venture interest.

As of December 31, 2020, the Company had $800 million available and $200 million outstanding under the revolving credit facility. Working capital, combined with available capacity under the revolving credit facility, resulted in approximately $1.2 billion of total liquidity as of December 31, 2020.

On January 4, 2021, the Company repaid $50 million of the outstanding borrowings under the revolving credit facility, which increased the amount available to $850 million and decreased the amount outstanding to $150 million.

Outlook

For the third quarter of fiscal 2021 Royal Gold expects stream segment sales to range between 48,000 and 53,000 GEOs with quarter-end inventory ranging between 26,000 and 31,000 GEOs.

For the full fiscal year 2021, depreciation, depletion and amortization expense is expected to range between $590 and $640 per GEO, and the effective tax rate is expected to range between 19% and 23%.

Other than potential remaining conditional funding at the Khoemacau Project as discussed above, Royal Gold has no other project capital commitments or financing obligations.

Property Highlights

A summary of second quarter and historical production reported by operators of the Company’s principal stream and royalty properties can be found on Tables 1 and 2. Calendar year 2020 operator production estimates for these properties compared to actual production at these properties through December 31, 2020 can be found on Table 3. Results of the streaming business for the second quarter, compared to the prior year quarter, can be found on Table 4. Highlights at certain of the Company’s principal producing and development properties during the second quarter, compared to the prior year quarter, are detailed in the Quarterly Report on Form 10-Q.

CORPORATE PROFILE

Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of December 31, 2020, the Company owned interests on 189 properties on five continents, including interests on 41 producing mines and 17 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.

Second Quarter Call Information:
Dial-In	855-209-8260 (U.S.); toll free
Numbers:	855-669-9657 (Canada); toll free 412-542-4106 (International)
Conference Title:	Royal Gold
Webcast URL:	www.royalgold.com under Investors, Events & Presentations

Note: Management’s conference call reviewing the second quarter results will be held on Thursday, February 4, 2021, at noon Eastern Time (10:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.

Additional Investor Information: Royal Gold routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investors tab. Investors and other interested parties are encouraged to enroll at www.royalgold.com to receive automatic email alerts for new postings.

Forward-Looking Statements: This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “believe,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward-looking statements include, among others, the following: statements about our expected financial performance, including revenue, expenses, earnings or cash flow; operators’ expected operating and financial performance, including production, deliveries, mine plans and reserves, development, cash flows and capital expenditures; planned and potential acquisitions or dispositions, including funding schedules and conditions; liquidity, financing and dividends; our overall investment portfolio; macroeconomic and market conditions including the impacts of COVID-19; prices for gold, silver, copper, nickel and other metals; potential impairments; or tax changes.

Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: a low-price environment for gold, silver, copper, nickel or other metals; operating activities or financial performance of properties on which we hold stream or royalty interests, including variations between actual and forecasted performance, operators’ ability to complete projects on schedule and as planned, changes to mine plans and reserves, liquidity needs, mining and environmental hazards, labor disputes, distribution and supply chain disruptions, permitting and licensing issues, contractual issues involving our stream or royalty agreements, or operational disruptions due to COVID-19; risks associated with doing business in foreign countries; our ability to identify, finance, value and complete acquisitions; adverse economic and market conditions; changes in laws or regulations governing us, operators or operating properties; changes in management and key employees; and other factors described in our reports filed with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended June 30, 2020. Most of these factors are beyond our ability to predict or control.

Forward-looking statements speak only as of the date on which they are made. We disclaim any obligation to update any forward-looking statements, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.

Statement Regarding Third-Party Information: Certain information provided in this press release, including production estimates for calendar 2020, has been provided to us by the operators of the relevant properties or is publicly available information filed by these operators with applicable securities regulatory bodies, including the Securities and Exchange Commission. Royal Gold has not verified, and is not in a position to verify, and expressly disclaims any responsibility for the accuracy, completeness or fairness of any such third-party information and refers the reader to the public reports filed by the operators for information regarding those properties.

Information in this press release concerning the Khoemacau Copper Project was provided to the Company by Cupric Canyon Capital L.P., the privately-held owner and developer of Khoemacau. Such information may not have been prepared in accordance with applicable laws, stock exchange rules or international standards governing preparation and public disclosure of technical data and information relating to mineral properties. Royal Gold has not verified, and is not in a position to verify, and expressly disclaims any responsibility for the accuracy, completeness or fairness of this third-party information, and investors are cautioned not to rely upon this information.

TABLE 1

Second Quarter Fiscal 2021

Revenue and Operators’ Reported Production for Principal Stream and Royalty Interests

(In thousands, except reported production in oz and lb)

				Three Months Ended									Three Months Ended
				December 31, 2020									December 31, 2019
Stream/Royalty		Metal(s)		Revenue				Reported Production(1)						Revenue		Reported Production(1)
Stream:
Mount Milligan				$		44,713							$	30,629
		Gold						16,900		oz						12,900		oz
		Copper						4.1		Mlb						4.3		Mlb
Pueblo Viejo				$		27,554							$	23,614
		Gold						9,400		oz						10,500		oz
		Silver						408,600		oz						462,400		oz
Andacollo		Gold		$		17,766		9,500		oz			$	20,665		13,900		oz
Wassa		Gold		$		6,761		3,600		oz			$	4,794		3,300		oz
Other(2)				$		10,925							$	9,923
		Gold						5,100		oz						6,100		oz
		Silver						52,000		oz						20,500		oz
Total stream revenue				$		107,719							$	89,625
Royalty:
Peñasquito				$		12,952							$	7,577
		Gold						210,600		oz						95,800		oz
		Silver						8.7		Moz						9.3		Moz
		Lead						52.1		Mlb						61.5		Mlb
		Zinc						93.8		Mlb						72.1		Mlb
Cortez		Gold		$		8,128		57,600		oz			$	3,292		28,000		oz
Other(2)		Various		$		29,561		N/A					$	23,149		N/A
Total royalty revenue				$		50,641							$	34,018
Total revenue				$		158,360							$	123,643

				Six Months Ended									Six Months Ended
				December 31, 2020									December 31, 2019
Stream/Royalty		Metal(s)		Revenue				Reported Production(1)						Revenue		Reported Production(1)
Stream:
Mount Milligan				$		79,332							$	61,126
		Gold						28,800		oz						29,500		oz
		Copper						8.2		Mlb						6.7		Mlb
Pueblo Viejo				$		58,824							$	45,232
		Gold						20,500		oz						20,000		oz
		Silver						859,800		Moz						938,000		Moz
Andacollo		Gold		$		41,275		21,600		oz			$	41,269		27,900		oz
Wassa		Gold		$		15,870		8,500		oz			$	10,113		6,900		oz
Other(2)				$		18,921							$	18,866
		Gold						9,200		oz						11,900		oz
		Silver						75,100		oz						85,600		oz
Total stream revenue				$		214,222							$	176,606
Royalty:
Peñasquito				$		23,161							$	11,997
		Gold						341,300		oz						131,300		oz
		Silver						15.1		Moz						13.9		Moz
		Lead						93.7		Mlb						91.2		Mlb
		Zinc						191.8		Mlb						179.2		Mlb
Cortez		Gold		$		13,812		95,300		oz			$	7,709		63,100		oz
Other(2)		Various		$		54,045		N/A					$	46,105		N/A
Total royalty revenue				$		91,018							$	65,811
Total revenue				$		305,240							$	242,417

1. Reported production relates to the amount of metal sales subject to our stream and royalty interests for the stated periods and may differ from the operators’ public reporting.
2. Individually, except for Rainy River which contributed 6% of revenue for the three and six months ended December 31, 2020 and 2019, no stream or royalty included within the “Other” category contributed greater than 5% of the Company’s total revenue for either period.

TABLE 2

Operators’ Historical Production

Reported Production For The Quarter Ended1

Property

Operator

Stream/Royalty

Metal(s)

Dec. 31, 2020

Sep. 30, 2020

Jun. 30, 2020

Mar. 31, 2020

Dec. 31, 2019

Stream:

Mount Milligan

Centerra

35% of payable gold

Gold

16,900

oz

11,800

oz

20,200

oz

14,000

oz

12,900

oz

18.75% of payable copper

Copper

4.1

Mlb

4.1

Mlb

1.7

Mlb

4.3

Mlb

4.3

Mlb

Pueblo Viejo

Barrick (60%)

7.5% of Barrick's interest in gold produced up to 990,000 ounces; 3.75% thereafter

Gold

9,400

oz

11,100

oz

10,200

oz

13,200

oz

10,500

oz

75% of Barrick's interest in payable silver up to 50 million ounces; 37.5% thereafter(2)

Silver

408,600

oz

451,200

oz

394,700

oz

417,800

oz

462,400

oz

Andacollo

Teck

100% of gold produced up to 900,000 ounces; 50% thereafter

Gold

9,500

oz

12,200

oz

6,300

oz

13,900

oz

13,900

oz

Wassa

Golden Star

10.5% of gold produced up to 240,000 ounces; 5.5% thereafter

Gold

3,600

oz

4,900

oz

2,600

oz

5,600

oz

3,300

oz

Royalty:

Peñasquito

Newmont Corporation

2.0% NSR

Gold

210,600

oz

130,700

oz

83,700

oz

97,200

oz

95,800

oz

Silver

8.7

Moz

6.4

Moz

5.2

Moz

8.7

Moz

9.3

Moz

Lead

52.1

Mlb

41.7

Mlb

30.6

Mlb

60.5

Mlb

61.5

Mlb

Zinc

93.8

Mlb

98.0

Mlb

90.2

Mlb

124.5

Mlb

72.1

Mlb

Cortez

Nevada Gold Mines LLC

GSR1, GSR2, GSR3, NVR1, NVR1C(3)

Gold

57,600

oz

37,600

oz

52,500

oz

57,700

oz

28,000

oz

1. Reported production relates to the amount of metal sales subject to our stream and royalty interests for the stated periods and may differ from the operators’ public reporting.
2. The Pueblo Viejo silver stream is determined based on a fixed metallurgical recovery of 70% of silver in mill feed.
3. Please refer to Part I, Item 2, of the Company’s Fiscal 2020 Form 10-K for a full description of the Company’s royalty interests at Cortez.

    

TABLE 3

Operator’s Estimated and Actual Production

Operator's Estimated Production for

Operator's Actual Calendar 2020

Full Year Calendar 2020(1)

Production(2)

Stream/Royalty

Gold (oz)

Silver (oz)

Base Metals (lb)

Gold (oz)

Silver (oz)

Base Metals (lb)

Stream:

Andacollo(3)

53,000

49,200

Mount Milligan(4)

140,000 - 160,000

161,900

Copper

80 - 90 M

82.8 M

Pueblo Viejo(5)

530,000 - 580,000

N/A

542,000

N/A

Wassa(6)

165,000 - 170,000

168,000

Royalty:

Cortez GSR1

66,900

101,700

Cortez GSR2

109,600

103,900

Cortez GSR3

146,300

161,100

Cortez NVR1

113,500

121,600

Cortez NVR1C

30,100

44,500

Peñasquito(7)

510,000

28 M

343,000

20.4 M

Lead

190 M

130 M

Zinc

360 M

281 M

1. Production estimates received from the operators are for calendar 2020. There can be no assurance that production estimates received from the operators will be achieved. Please also refer to our cautionary language regarding forward-looking statements above, as well as the Risk Factors identified in Part I, Item 1A, of the Company’s Fiscal 2020 Form 10-K for information regarding factors that could affect actual results.
2. Actual production figures shown are from the operators and cover the period January 1, 2020 through December 31, 2020, unless otherwise noted in footnotes to this table.
3. The estimated and actual production figures shown for Andacollo are contained gold in concentrate.
4. The estimated and actual production figures shown for Mount Milligan are payable gold and copper in concentrate.
5. The estimated and actual production figures shown for Pueblo Viejo are payable gold in doré and represent Barrick’s 60% interest in Pueblo Viejo. Barrick did not provide estimated or actual silver production.
6. The estimated and actual production figures shown for Wassa are payable gold in doré.
7. The estimated and actual gold production figures shown for Peñasquito are payable gold and silver in concentrate and doré. The estimated and actual lead and zinc production figures shown are payable lead and zinc in concentrate. The estimated production figures shown are for the period January 1, 2020, through December 31, 2020, while actual production figures shown are for the period January 1, 2020, through September 30, 2020, per the operator. Full calendar year 2020 information was not available from the operator as of the date of this release.

TABLE 4

Stream Summary

			Three Months Ended				Three Months Ended					As of		As of
			December 31, 2020				December 31, 2019					December 31, 2020		June 30, 2020
Gold Stream			Purchases (oz)		Sales (oz)		Purchases (oz)		Sales (oz)			Inventory (oz)		Inventory (oz)
Mount Milligan			9,700		16,900		18,800		12,900			3,800		3,300
Pueblo Viejo			10,500		9,400		13,200		10,500			10,500		100
Andacollo			10,700		9,500		18,600		13,900			2,900		11,100
Wassa			4,700		3,600		4,900		3,300			3,100		2,900
Other			4,500		5,100		5,600		6,100			1,200		1,500
Total			40,100		44,500		61,100		46,700			21,500		18,900
			Three Months Ended				Three Months Ended					As of		As of
			December 31, 2020				December 31, 2019					December 31, 2020		June 30, 2020
Silver Stream			Purchases (oz)		Sales (oz)		Purchases (oz)		Sales (oz)			Inventory (oz)		Inventory (oz)
Pueblo Viejo			418,200		408,600		417,700		462,400			418,200		451,200
Other			65,400		52,000		48,100		51,100			66,300		23,400
Total			483,600		460,600		465,800		513,500			484,500		474,600
									{ "@context": "https://schema.org", "@type": "FAQPage", "name": "Royal Gold Reports Record Revenue in the Second Quarter of Fiscal 2021 FAQs", "mainEntity": [ { "@type": "Question", "name": "What were Royal Gold's earnings for the second quarter of fiscal 2021?", "acceptedAnswer": { "@type": "Answer", "text": "Royal Gold reported a net income of $59.9 million, or $0.91 per share, for the second quarter of fiscal 2021." } }, { "@type": "Question", "name": "How much revenue did Royal Gold generate in the second quarter of 2021?", "acceptedAnswer": { "@type": "Answer", "text": "Royal Gold generated record revenue of $158.4 million in the second quarter of fiscal 2021." } }, { "@type": "Question", "name": "What is the forecast for Royal Gold's stream segment sales?", "acceptedAnswer": { "@type": "Answer", "text": "For the third quarter of fiscal 2021, Royal Gold expects stream segment sales to range between 48,000 and 53,000 GEOs." } }, { "@type": "Question", "name": "How much is the annual dividend for Royal Gold?", "acceptedAnswer": { "@type": "Answer", "text": "Royal Gold's annual dividend was increased to $1.20 per share for 2021." } }, { "@type": "Question", "name": "What is the status of the Khoemacau project?", "acceptedAnswer": { "@type": "Answer", "text": "The Khoemacau project construction is 85% complete and is on track for first shipments of concentrate in Q3 2021." } } ] } FAQ What were Royal Gold's earnings for the second quarter of fiscal 2021? Royal Gold reported a net income of $59.9 million, or $0.91 per share, for the second quarter of fiscal 2021. How much revenue did Royal Gold generate in the second quarter of 2021? Royal Gold generated record revenue of $158.4 million in the second quarter of fiscal 2021. What is the forecast for Royal Gold's stream segment sales? For the third quarter of fiscal 2021, Royal Gold expects stream segment sales to range between 48,000 and 53,000 GEOs. How much is the annual dividend for Royal Gold? Royal Gold's annual dividend was increased to $1.20 per share for 2021. What is the status of the Khoemacau project? The Khoemacau project construction is 85% complete and is on track for first shipments of concentrate in Q3 2021. Royal Gold Inc NASDAQ:RGLD RGLD Rankings #891 Ranked by Market Cap #1680 Ranked by Dividends RGLD Latest News Nov 19, 2024 Royal Gold Announces the 24th Consecutive Annual Increase in the Common Stock Dividend to $1.80 Per Share for 2025, a 12.5% Increase over the 2024 Dividend Nov 13, 2024 Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, November 27, 2024 Nov 6, 2024 Royal Gold Reports Third Quarter Results with Record Revenue, Significant Increases in Operating Cash Flow and Earnings, and a Debt-Free Balance Sheet Oct 8, 2024 Royal Gold Provides Update on Q3 2024 Stream Segment Sales and Details for Release of Q3 2024 Results Oct 2, 2024 Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, October 16, 2024 RGLD Stock Data Market Cap 9.79B Float 65.54M Insiders Ownership 0.33% Institutions Ownership 87.63% Short Percent 3.33% Industry Gold Sector Mineral Royalty Traders Website Link Country United States of America City DENVER Explore About Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Links RSS feed Patreon Discord Server Facebook Reddit Google News © 2020-2024 StockTitan.net