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. generates revenue from precious metal streams, royalties and similar production-based interests tied mainly to gold and other metals. The company generally does not operate the mines underlying its interests; it purchases metal or receives royalty revenue from properties held by mine operators across a portfolio that includes producing, development, evaluation and exploration assets.
Royal Gold news commonly covers operating and financial results, stream sales, portfolio transactions, dividends, investor presentations and capital-allocation actions. Updates also address balance-sheet flexibility, credit-facility capacity, share repurchase authorization and changes to royalty or stream interests that affect the company’s metals and mining exposure.
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Royal Gold (NASDAQ: RGLD) has released its 2023 guidance for total stream and royalty sales volume, depletion, depreciation, and amortization (DD&A) expense, and effective tax rate. The company projects 320,000 – 345,000 gold equivalent ounces (GEO) sales, including 235,000 – 250,000 ounces of gold. DD&A expense is expected to be between $490 – 540 per GEO, with an effective tax rate of 17 – 22%.
The guidance is based on various commodity price assumptions, including $1,825 per ounce of gold and $22.50 for silver. Key properties contributing to this guidance include Cortez, Khoemacau, and Mount Milligan. Factors influencing production forecasts include ore grades, weather impacts, and lag times in concentrate shipments.
Royal Gold (NASDAQ: RGLD) has announced a virtual Investor Update set for April 20, 2023, from 9:30 AM to 12:00 PM ET. The session will provide strategic updates on the company’s business, including 2023 guidance. A press release detailing this guidance will be issued before market open on the same day. The event will include prepared remarks from management followed by a live Q&A session. Interested investors can access the live event through the Royal Gold Investor Update link. Royal Gold operates in the precious metals sector, owning interests in 182 properties globally, including 40 producing mines.
Royal Gold, Inc. (NASDAQ: RGLD) reported the sale of approximately 60,800 gold equivalent ounces (GEOs) in Q1 2023, which includes about 42,100 ounces of gold, 808,100 ounces of silver, and 2,000 tonnes of copper. The average realized prices for this period were $1,869 per ounce for gold, $22.66 for silver, and $8,851 per tonne for copper. The cost of sales per GEO was noted at approximately $411. By March 31, 2023, Royal Gold held an inventory of about 18,600 ounces of gold and 512,300 ounces of silver. The company's diverse interests extend across 182 properties worldwide, with interests in 40 producing mines and 19 development projects.
Royal Gold (NASDAQ: RGLD) will participate in the Gold Forum Europe 2023 in location value="LU/ch..zurich"Zurich, Switzerland. The presentation will be delivered by Dan Breeze, Vice President of Corporate Development, on April 11 at 10:40 a.m. CEST. Although the presentation won't be live-streamed, it will be available for on-demand viewing from April 12 on the company's website. Royal Gold is a precious metals stream and royalty company, managing interests on 182 properties across five continents as of December 31, 2022.
Royal Gold (NASDAQ: RGLD) has declared a dividend of $0.375 per share for the second quarter, payable on April 21, 2023. Shareholders of record as of April 6, 2023 will receive this payment, affirming the company's commitment to return value to its investors. Royal Gold is a leader in acquiring and managing precious metal streams and royalties, owning interests in 182 properties across five continents, including 40 producing mines. The company continues to support shareholder interests while effectively managing its portfolio of precious metals investments.