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 ...

Royal Gold (RGLD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Royal Gold (RGLD) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Royal Gold is one of 234 individual stocks in the Basic Materials sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank ...

Shares of Royal Gold, Inc. (RGLD) have dipped 5% since it reported third-quarter 2024 results on Nov. 6 on a muted guidance despite record revenues and improved earnings. RGLD reported adjusted earnings per share (EPS) of $1.47 in third-quarter 2024, beating the Zacks Consensus Estimate of $1.34. The company had reported an EPS of 76 cents in the year-ago quarter.Including one-time items, the company reported an EPS of $1.46 compared with the prior-year quarter’s 75 cents.Find the latest EPS estimates and s ...

Alluvial Gold Research offers in-depth research on my favorite miners, ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following:We're over halfway through the Q3-24 Earnings Season for the Gold Miners Index ( GDX ) and the results have been solid overall. Unfortunately, quite a few producers have delivered higher than expected costs on the b ...

Financial Performance - The company reported record revenue of $194 million, a 40% increase year-over-year [5][21] - Operating cash flow was $137 million, up 39% compared to the previous year [5][25] - Net income reached $96 million or $1.46 per share, a 95% increase from the same quarter last year [5][25] - Adjusted earnings were $97 million or $1.47 per share, marking a record high [6][25] - The adjusted EBITDA margin remained strong at 81% for the quarter [6] Business Segment Performance - Revenue from the royalty segment was $61 million, accounting for about 31% of total revenue, up 53% from the prior year [12] - Stream segment revenue was $133 million, a 34% increase from last year [12] - New producing assets contributed nearly $13 million in revenue this quarter [11] Market Performance - Gold accounted for 76% of total revenue, with silver at 12% and copper at 9% [22] - Metal prices increased significantly, with gold up 28%, silver up 25%, and copper up 10% year-over-year [21] Company Strategy and Industry Competition - The company aims to add exposure in familiar metals markets within safe jurisdictions and with quality counterparties [31] - The rising gold price has created opportunities for new project developments [31] - The company remains disciplined in its due diligence standards despite elevated metal prices [31] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the strong performance driven by rising gold prices and new producing assets [30] - There is an expectation of a slightly softer Q4 due to timing of metal deliveries [28] - The company is tracking well against its 2024 guidance for gold, copper, and other metals [27] Other Important Information - The company is now debt-free with over $1.1 billion in available liquidity [6][26] - An amendment to the 2023 Form 10-K is expected due to SEC's Regulation SK 1300, but this does not change the risk profile of the business [9] Q&A Session Summary Question: Clarification on SK 1300 standard - Management explained that the amendment to the 10-K is primarily about reporting standards and does not imply any change in the risk profile [33][34] Question: Guidance for 2024 - Management confirmed expectations for gold sales to be at or below the midpoint of the guidance range, while copper and other metals are expected to be at the higher end [37] Question: Deal pipeline and transaction environment - The company noted a robust increase in opportunities for project financing and acquisitions, maintaining a focus on quality projects in safe jurisdictions [41][54] Question: Political risk in Botswana - Management indicated it is too early to assess the impact of recent government changes in Botswana, but current assessments remain unchanged [50][51] Question: Appetite for further deals in Africa - The company is selectively looking at opportunities in Africa but primarily focuses on safe jurisdictions, with most opportunities currently in the Americas and Australia [53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 8, 2024 | --- | --- | --- | |--------------------------------------------------------|--------------------------------------------------------------------------------|---------------------------------------| | (Exact name of \nDelaware | Royal Gold, Inc. registrant as specified in its c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) Title of Each Class Trading Symbol Name of Each Exchange on which Registered Common Stock, $0.01 par value RGLD Nasdaq Global Select Market x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or o TRANSITI ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Royal Gold (RGLD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Royal Gold is one of 235 companies in the Basic Materials group. The Ba ...