Royal Gold Inc Stock Price, News & Analysis

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 $0.35 per share, payable on October 21, 2022. Shareholders of record by October 7, 2022 will receive this dividend. The company, renowned for managing precious metal streams and royalties, holds interests in 185 properties across five continents, including 41 producing mines and 19 development projects as of June 30, 2022.

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.

Royal Gold, Inc. (NASDAQ: RGLD) has announced its agreement to acquire Great Bear Royalties Corp. (GBR) for cash consideration of C$6.65 per share, representing a 43% premium and valuing GBR at approximately C$199.5 million. The acquisition, approved by both boards, will enhance Royal Gold's exposure to the Great Bear Project in Ontario, Canada. GBR holds a 2.0% net smelter return royalty on this project, which is gaining recognition as a major gold discovery. Royal Gold expects to finance this acquisition using available cash.

Royal Gold (NASDAQ: RGLD) announced its participation in a live Virtual Non-Deal Roadshow on July 13 at 12:00 p.m. EDT. The presentation will be led by Alistair Baker, Vice President of Investor Relations and Business Development. A replay will be available the week of July 18 on the Renmark Financial Communications website. Royal Gold is a leading precious metals stream and royalty company, managing interests in 187 properties across five continents, including 43 producing mines as of March 31, 2022.

Royal Gold (NASDAQ: RGLD) has declared a third-quarter dividend of $0.35 per share, set for payment on July 15, 2022. Shareholders of record by July 1, 2022 will be eligible. As of March 31, 2022, Royal Gold owns interests in 187 properties across five continents, including 43 producing mines and 18 development projects, highlighting its significant presence in the precious metals sector.

Royal Gold reports a strong financial performance for Q1 2022, with net income of $65.7 million, or $1.00 per share, on revenue of $162.4 million, marking increases of 14% in revenue and 22% in net income year-over-year. The company maintains a robust balance sheet, ending the quarter debt-free with cash of $183.7 million and total liquidity exceeding $1.2 billion. A quarterly dividend of $0.35 per share reflects a 17% increase from last year. Notably, production at Khoemacau reached 100% silver stream rate, with the ramp-up expected to sustain through Q4 2022.