Royal Gold Inc Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

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.