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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 (NASDAQ: RGLD) reported that its subsidiary, RGLD Gold AG, sold approximately 52,600 gold equivalent ounces (GEOs) in Q2 2024. This included 39,200 ounces of gold, 593,200 ounces of silver, and 1,500 tonnes of copper from streaming agreements. The company held 12,000 ounces of gold and 450,500 ounces of silver in inventory as of June 30, 2024. Average realized prices were $2,339 per ounce for gold, $28.46 per ounce for silver, and $9,475 per tonne for copper, with sales costs at $459 per GEO. Royal Gold will publish Q2 results on August 7, 2024, and host a conference call on August 8, 2024. As of June 30, 2024, Royal Gold had interests in 177 properties across five continents, including 38 producing mines and 22 development projects.

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Royal Gold (NASDAQ: RGLD) will participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, July 17, 2024. Alistair Baker, Senior Vice President of Investor Relations and Business Development, will represent the company at the event scheduled for 2:00 p.m. EDT. A replay of the presentation will be available on Royal Gold's website and the Renmark Financial Communications website starting the week of July 22, 2024.

Royal Gold is a precious metals stream and royalty company with interests in 177 properties across five continents, including 38 producing mines and 22 development-stage projects. The company is listed on the Nasdaq Global Select Market under the ticker symbol 'RGLD.'

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Royal Gold (NASDAQ: RGLD) will participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on June 27, 2024. Alistair Baker, SVP of Investor Relations and Business Development, will present at 2:00 p.m. EDT. A replay will be available on Royal Gold's and Renmark's websites starting the week of July 1. Royal Gold, a precious metals stream and royalty company, holds interests in 177 properties across five continents, including 37 producing mines and 24 development-stage projects. Investors can register for the event via Renmark's website.

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Royal Gold (NASDAQ: RGLD) has declared a third quarter dividend of $0.40 per share of common stock. The dividend will be distributed on July 19, 2024, to shareholders recorded by July 5, 2024. Royal Gold specializes in acquiring and managing precious metal streams and royalties, holding interests in 177 properties globally as of March 31, 2024. This portfolio includes 37 producing mines and 24 development-stage projects. The company is publicly traded on the Nasdaq Global Select Market under the symbol 'RGLD'.

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Royal Gold (NASDAQ: RGLD) will participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on May 29, 2024. Alistair Baker, Senior VP of Investor Relations and Business Development, will present at 12:00 p.m. EDT. A replay will be available on Royal Gold's website and Renmark Financial’s site from the week of June 3. Royal Gold specializes in acquiring and managing precious metal streams and royalties, holding interests in 177 properties across five continents, including 37 producing mines and 24 development-stage projects.

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Royal Gold, Inc. reports a strong start to 2024 with significant liquidity increase. Net income of $47.2 million, adjusted net income of $59.8 million, revenue of $148.9 million, operating cash flow of $138.3 million. Debt repayment, increased liquidity, dividend payment, new agreements, and positive portfolio developments highlighted. The company is optimistic about future prospects.

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Royal Gold, Inc. (NASDAQ: RGLD) announced their participation in the BofA Securities 2024 Global Metals, Mining & Steel Conference in Miami, Florida. Bill Heissenbuttel, President and CEO, will present on May 15, at 11:00 a.m. EDT. The company is engaged in precious metals streams and royalties with interests on 177 properties worldwide.

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Royal Gold, Inc. (NASDAQ: RGLD) provided guidance for 2024 total stream and royalty sales volume, DD&A, and effective tax rate. The company expects sales volume for gold, silver, and copper to be the main revenue drivers, with minor sales from other metals. The guidance equates to approximately 290,000 to 315,000 gold equivalent ounces. Royal Gold also updated on the repayment of outstanding borrowings, completing two repayments totaling $125 million. As of April 17, 2024, the outstanding amount on the $1 billion revolving credit facility is $125 million at an all-in borrowing rate of 6.5%.
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Royal Gold, Inc. (NASDAQ: RGLD) announced the sale of 49,500 gold equivalent ounces in the first quarter of 2024. The company had 16,800 ounces of gold in inventory. The average realized prices for gold, silver, and copper were $2,054, $23.22, and $8,453 per tonne respectively. Cost of sales was $436 per GEO.
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Royal Gold, Inc. (NASDAQ: RGLD) announced an Investor Update to discuss 2024 guidance, with a live Q&A session. The company is a precious metals stream and royalty company with interests on 177 properties worldwide.
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FAQ

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

8.95B
65.73M
0.33%
85.99%
4.74%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
DENVER