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.
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.
Royal Gold (NASDAQ: RGLD) announced its participation in a Virtual Non-Deal Roadshow on October 12, 2022, featuring Alistair Baker, Vice President of Investor Relations. The presentation will occur at 11:00 a.m. CDT / 12:00 p.m. EDT, with a replay available the week of October 17 on the Renmark Financial Communications website. Royal Gold is a company focused on acquiring and managing precious metal streams and royalties, with interests in 185 properties across five continents, including 41 producing mines.
Royal Gold has completed the acquisition of Great Bear Royalties Corp. for approximately C$199.5 million (US$152.2 million), enhancing exposure to the Great Bear Project in Ontario, a significant gold discovery. Each GBR common share was acquired at C$6.65. Following the acquisition, GBR shares will be delisted from the TSX Venture Exchange on September 12, 2022. This acquisition aligns with Royal Gold’s strategy to acquire high-quality assets in favorable jurisdictions.
Royal Gold (NASDAQ: RGLD) announced its participation in the Gold Forum Americas 2022, taking place in Colorado Springs, Colorado. CEO Bill Heissenbuttel will present on September 20 at 1:20 p.m. MDT. The 20-minute presentation will be recorded and available for replay after September 22. Royal Gold is a precious metals stream and royalty company, owning interests in 185 properties across five continents, including 41 producing mines and 19 development-stage projects as of June 30, 2022.
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.