Royal Gold, Inc. (RGLD) issued a stream segment sales update for first-quarter 2025. In the quarter, RGLD Gold AG — the fully-owned subsidiary of Royal Gold — sold 42,800 gold equivalent ounces (GEOs), comprising 33,300 ounces of gold, 597,400 ounces of silver and 1,000 tons of copper related to its streaming agreements.This marks a dip from 46,900 GEOs sold in the fourth quarter of 2024 and 49,500 GEOs sold in the first quarter of 2024.RGLD Sees Q/Q Rise in Gold Price, Silver & Copper DipThe average realiz ...

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A month has gone by since the last earnings report for Royal Gold (RGLD) . Shares have added about 0% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Royal Gold due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, fr ...

Shares of Royal Gold, Inc. (RGLD) scaled a new 52-week high of $156.35 on Monday before ending the session at a lower at $152.20. The increase was fueled by rising gold prices and RGLD’s solid fourth-quarter 2024 results. The company currently has a market capitalization of $10.1 billion and a Zacks Rank #3 (Hold).What’s Aiding Royal Gold Stock?Solid Q4 & 2024 Results: RGLD reported adjusted earnings per share of $1.63 in the fourth quarter of 2024, beating the Zacks Consensus Estimate of $1.49. The bottom ...

Financial Data and Key Metrics Changes - For the full year 2024, revenue reached $719 million, operating cash flow was $530 million, and net income was $332 million, representing increases of 19%, 27%, and 39% respectively compared to 2023 [8] - Adjusted earnings for the year were $346 million or $5.26 per share, with an adjusted EBITDA margin of just over 81% for the year and nearly 84% for the fourth quarter [9][10] - The company ended the year with no debt and approximately $1.2 billion in available liquidity [11][49] Business Line Data and Key Metrics Changes - Gold contributed approximately 76% of total revenue, with almost 60% generated from the US, Canada, and Australia [9] - Royalty revenue increased by about 43% year-over-year to $78 million, contributing about 38% of total revenue, while stream segment revenue was $125 million, up by about 27% [24][41] - Silver sales were slightly lower than guidance due to lower deliveries from Pointe Lo Viejo, while gold sales exceeded expectations due to strong performance from Penasquito and Cortez royalties [13][14] Market Data and Key Metrics Changes - The company noted that gold prices remained a significant driver of revenue, with gold and silver prices up 35% and copper up 13% year-over-year [41] - The company has a strong position in the royalty and streaming sector, with the highest gold revenue percentage compared to peers [41] Company Strategy and Development Direction - The company plans to continue focusing on high-quality assets with upside potential, while remaining open to opportunistic investments in non-precious metals [16][52] - The acquisition of the Cactus Royalty is seen as an opportunistic purchase rather than a strategic shift away from precious metals [16] - The company aims to leverage its strong balance sheet and cash flow to compete for growth opportunities [52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the uncertain global geopolitical and macroeconomic outlook, which may bias risk in gold prices to the upside [51] - The company anticipates providing full-year 2025 guidance in mid to late March, with expectations that guidance ranges will be similar to 2024 [51][47] Other Important Information - The company paid over $105 million back to shareholders in dividends and raised its annual dividend to $1.80 per share for 2025, marking the 24th consecutive annual dividend increase [10] - New revenue sources were noted from MarRosa, Manchow, and Cote gold mines, which each poured first gold during 2024 [11] Q&A Session Summary Question: Insights on Cortez and its growth potential - Management acknowledged the complexity of the Cortez royalty structure and indicated that they would provide more clarity in the upcoming guidance [55][56] Question: Impact of the Pueblo Viejo shutdown on deliveries - Management explained that the timing of the shutdown would affect deliveries and sales, with a lag of three to five months between production and sales [62][64] Question: Comments on the Cactus acquisition and revenue mix - Management expressed satisfaction with the current revenue mix, emphasizing a focus on precious metals while remaining open to other opportunities [73][75] Question: Capital allocation and deal pipeline - Management indicated that while there may be more capital than immediate opportunities, they remain open to transactions in the $100 to $300 million range and are cautious about future deal forecasts [134][135]

Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: changes in the price of gold, silver, copper, or other metals; operating activities or financial performance of properties on which we hold stream or royalty interests, including variations between actual and forecasted performance, operators' ability to complete projects on schedule and as planned, operators' changes to mine plans and mineral reserves and mineral resource ...

Royal Gold, Inc. (RGLD) reported adjusted earnings per share (EPS) of $1.63 in the fourth quarter of 2024, beating the Zacks Consensus Estimate of $1.49. The bottom line increased 72% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Royal Gold’s Q4 Revenues Gain on Higher Prices & Sales VolumeRGLD generated revenues of $203 million, up 32.7% year over year. The upside was driven by higher average metal prices, increased gold sales from Rainy River and Wassa, and higher g ...

Financial Performance - Royal Gold, Inc. reported stream sales for the quarter ended December 31, 2024, with specific figures detailed in the press release dated January 14, 2025[4]. Company Information - The company is listed on the Nasdaq Global Select Market under the trading symbol RGLD[2]. - The press release is furnished as Exhibit 99.1 to the Current Report on Form 8-K[4]. Regulatory Compliance - The financial information provided will not be deemed "filed" under the Securities Exchange Act of 1934[5]. - The report was signed by David R. Crandall, Vice President, Corporate Secretary, and Chief Compliance Officer[10].

Financial Performance - Royal Gold achieved record revenue of $719.4 million for the year ended December 31, 2024, representing a 19% increase compared to $605.7 million in the prior year[17] - The company generated a record net operating cash flow of $529.5 million for the year ended December 31, 2024, a 27% increase from $415.8 million in the previous year[17] - Total revenue for the year ended December 31, 2023, was $605.7 million, a slight increase from $603.2 million in 2022, representing a growth of approximately 0.25%[39] - The company reported a total segment gross profit of $343.4 million for 2023, up from $323.1 million in 2022, indicating a growth of about 6.3%[39] - The total cost of sales for the year ended December 31, 2023, was $90.5 million, consistent with the previous year's cost of $94.6 million[39] Dividend and Financial Management - Royal Gold increased its dividend to $1.80 per basic share for calendar year 2025, reflecting a 13% increase compared to the previous year's dividend[17] - The company repaid the remaining $250 million under its $1 billion revolving credit facility, resulting in the facility being fully undrawn as of December 31, 2024[17] Revenue Sources - Stream interests accounted for 67% of total revenue for the year ended December 31, 2024, while royalty interests accounted for 33%[37] - Approximately 88% of total revenue in 2024 was derived from precious metals, with 76% from gold, 12% from silver, and 9% from copper[41] - Royalty interests in the United States generated $123.7 million in revenue for 2023, compared to $81.6 million in 2022, marking an increase of approximately 51.6%[39] Asset Management - The company's long-lived assets (stream and royalty interests, net) totaled $3.042 billion as of December 31, 2024, compared to $3.076 billion in the previous year[38] - As of December 31, 2024, Royal Gold owned nine stream interests on seven production stage properties and two development stage properties[37] Strategic Agreements and Future Outlook - Royal Gold entered into a Cost Support Agreement with Centerra Gold Inc. to incentivize continued investment in the Mount Milligan mine, potentially extending its life to 2035[17] - The company expects stream interests to continue representing a significant portion of total revenue moving forward[37] Employee and Community Engagement - The company has a low voluntary turnover rate, with many employees remaining for over 10 years, indicating strong employee retention[46] - The company is committed to sustainability initiatives and actively supports local communities through charitable contributions[50][51] Industry Challenges - The mining industry remains competitive, with the company facing challenges from larger competitors with greater resources[43] Market Conditions - The average gold price for the year ended December 31, 2024, was $2,386 per ounce, with a potential revenue impact of $53.0 million for a 10% increase in gold prices[346] - The segment gross profit for stream interests in Canada decreased to $104.8 million in 2023 from $98.6 million in 2022, reflecting a decline of about 7.5%[39]

Royal Gold, Inc. (RGLD) issued a stream segment sales update for fourth-quarter 2024. In the quarter, RGLD Gold AG — the fully-owned subsidiary of Royal Gold — sold 46,900 gold equivalent ounces (GEOs), comprising 36,600 ounces of gold, 478,900 ounces of silver and 1,300 tons of copper related to its streaming agreements.This marks a dip from 53,800 GEOs sold in the third quarter of 2024 and 49,900 GEOs sold in the fourth quarter of 2023.RGLD Metal Average Realized Prices Rise SequentiallyThe average realiz ...