Royal Gold, Inc. (RGLD) issued a stream segment sales update for first-quarter 2024. In the quarter, RGLD Gold AG — the fully-owned subsidiary of Royal Gold — sold 49,500 gold equivalent ounces (GEOs), comprising 38,100 ounces of gold, 635,000 ounces of silver and 1,100 tons of copper related to its streaming agreements.The average realized price of gold was $2,054 per ounce in the first quarter compared with $1,955 per ounce in fourth-quarter 2023. The average realized price of silver stood at $23.22 per o ...

DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that management will present in the live Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. Alistair Baker, Vice President Investor Relations and Business Development, will present on Wednesday, March 13 at 12:00 p.m. EDT (11:00 a.m. CDT / 10:00 a.m. MDT), and access to a replay of the event will be available on our website the ...

DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its Board of Directors has declared its second quarter dividend of $0.40 per share of common stock. The dividend is payable on Friday, April 19, 2024, to shareholders of record at the close of business on Friday, April 5, 2024. Corporate Profile Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of pre ...

Bloomberg/Bloomberg via Getty Images It has been some time since we wrote on Royal Gold Inc. (NASDAQ:RGLD). But the last time around, we gave it a Buy rating as the valuation was compelling. That call was a bit early, but those that entered there, had up to a 45% upside over the next 12 months. Seeking Alpha The stock has retreated back to close to that same point. We go over three reasons as to why this is a compelling buy. We also tell you why you need to have some dry powder to add one tranche 30% l ...

Royal Gold, Inc. (RGLD) reported adjusted earnings per share (EPS) of 95 cents in the fourth quarter of 2023, beating the Zacks Consensus Estimate of 75 cents. The bottom line increased 5% year over year due to lower revenues and higher interest expenses.Including one-time items, the company reported an EPS of 95 cents compared with the prior-year quarter’s 86 cents.RGLD generated revenues of $153 million, down 6.3% year over year. The downside resulted primarily from lower gold and copper sales at Mount Mi ...

DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that management will present at the BMO 33rd Global Metals, Mining and Critical Minerals Conference in Hollywood, Florida. Bill Heissenbuttel, President and Chief Executive Officer, will address conference participants on Tuesday, February 27, at 9:00 a.m. EST (7:00 a.m. MST) in a presentation lasting 30 minutes. The presentation will be webcast live and wil ...

Financial Data and Key Metrics Changes - Revenue for 2023 was $606 million, with operating cash flow of $416 million and earnings of $239 million or $3.63 per share [30][31] - For Q4 2023, revenue decreased by 6% to $153 million, primarily due to lower contributions from Mount Milligan, Pueblo Viejo, and Peñasquito [46][72] - Adjusted EBITDA margin remained strong at 79%, despite inflation pressures affecting operating companies [36] Business Line Data and Key Metrics Changes - Royalty segment revenue for Q4 was $54 million, contributing 36% of total revenue, which is a larger share compared to previous periods [40] - Stream segment revenue decreased to $98 million, with lower contributions from Mount Milligan and Pueblo Viejo, partially offset by higher revenue from Andacollo, Xavantina, and Rainy River [65] - The overall sales for the year were 315,600 GEOs, slightly below the guidance of 320,000 to 345,000 GEOs due to underperformance at Peñasquito and Pueblo Viejo [64] Market Data and Key Metrics Changes - Gold prices increased by 14%, silver prices by 10%, and copper prices by 2% during the year [72] - The company maintained a high gold revenue percentage at 80%, the highest among peers in the royalty and streaming sector [72] Company Strategy and Development Direction - The company aims to maintain a disciplined focus on gold, strengthen its balance sheet, and increase capital return, with a commitment to non-dilutive financing for high-quality asset acquisitions [54] - An agreement with Centerra was announced to provide future cost support to the Mount Milligan mine, extending its life to 2035 and potentially beyond [37][63] - The company plans to provide full-year guidance for 2024 early in the second quarter, reflecting lower production at Cortez and smaller organic growth assets [91] Management's Comments on Operating Environment and Future Outlook - Management noted that inflation pressures have eased but still impact operating companies, leading to cost inflation and margin erosion [36] - The company expressed confidence in its strong financial position and liquidity to pursue business development opportunities [91] - Management acknowledged challenges in production guidance due to issues at Nevada Gold Mines, particularly related to accessing grade [92][94] Other Important Information - The company repaid $325 million on its revolving credit facility during the year, reducing the balance to $250 million and increasing total available liquidity to approximately $845 million [31][52] - The effective tax rate for the quarter was 17.5%, slightly lower than the previous year [49] Q&A Session Summary Question: What is the impact of the issues at Cortez on future production? - Management indicated that the overall decrease in production from 2023 to 2024 is expected to be around 40% to 50% due to issues at the Crossroads area [86][94] Question: How does the company plan to account for the Mount Milligan deal? - The company anticipates recognizing cash and deferred gold ounces as receivables, with the need to mark-to-market the receivable through the P&L in subsequent reporting periods [136][144] Question: What is the outlook for M&A opportunities? - Management noted that the current market is seeing smaller opportunities due to high costs of debt, but they remain open to financing partnerships [118][120]

Fourth Quarter and Full Year 2023 Results February 15, 2024 Forward-Looking Statements: This presentation and the accompanying webcast include "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like "will ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) (Address of Principal Executive Offices) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 Commission File Number 001-13357 Royal Gold, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Juris ...

DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly owned subsidiary, RGLD Gold AG, has executed an additional agreement with Centerra Gold Inc. and its wholly-owned subsidiary, Thompson Creek Metals Company Inc. (together “Centerra”), with respect to the Mount Milligan Mine that provides near-term cash and gold consideration to Royal Gold in return for long-term cost support (“Cost Support Ag ...