Core Insights - Royal Gold, Inc. (RGLD) reported strong financial performance in Q4 2024, with adjusted EPS of $1.63, surpassing the Zacks Consensus Estimate of $1.49, marking a 72% year-over-year increase [1] - The company generated revenues of $203 million in Q4 2024, reflecting a 32.7% year-over-year growth, driven by higher metal prices and increased gold sales from various mines [2] - RGLD's adjusted EBITDA reached $169.6 million in Q4 2024, up 39.1% year over year, with an EBITDA margin of 83.8% compared to 79.9% in the prior year [4] Financial Performance - The company reported stream revenues of $125 million in Q4 2024, an increase from $98 million year over year, while royalty revenues rose to $78 million, up 43.3% year over year [3] - For the full year 2024, RGLD achieved record revenues of approximately $719 million, an 18.8% increase from 2023, although it fell short of the Zacks Consensus Estimate of $731.3 million [6] - Net cash from operating activities was $141 million in Q4 2024, up from $101 million in the same quarter last year, with cash and cash equivalents at $195.5 million compared to $104.2 million at the end of Q4 2023 [5] Future Outlook - The company anticipates stream segment sales of 40,000-45,000 GEOs for the March-end quarter of 2025 [7] Stock Performance - Over the past year, Royal Gold's shares have increased by 38.6%, while the industry has seen a growth of 60.6% [8]

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]

Core Viewpoint - Royal Gold, Inc. (RGLD) reported a decrease in gold equivalent ounces sold in the fourth quarter of 2024 compared to previous quarters, while average realized prices for gold, silver, and copper increased sequentially, indicating mixed performance in sales and pricing dynamics [1][2][5]. Sales Update - In the fourth quarter of 2024, Royal Gold sold 46,900 gold equivalent ounces (GEOs), which included 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tons of copper [1]. - This represents a decline from 53,800 GEOs sold in the third quarter of 2024 and 49,900 GEOs sold in the fourth quarter of 2023 [1]. Price Performance - The average realized price of gold increased to $2,662 per ounce in the fourth quarter from $2,459 per ounce in the third quarter of 2024 [2]. - The average realized price of silver rose to $31.65 per ounce, up from $29.10 in the previous quarter [2]. - Average realized copper prices were $9,313 per ton, reflecting a 1.9% increase sequentially [2]. Cost and Revenue Insights - The cost of sales for the fourth quarter was $521 per GEO, compared to $506 per GEO in the prior quarter [3]. - Royal Gold's revenues for the third quarter of 2024 reached a record $194 million, marking a 39.8% year-over-year increase, driven by higher average metal prices and sales from various mining operations [4]. Earnings Expectations - The Zacks Consensus Estimate for Royal Gold's fourth-quarter earnings is projected at $1.58, with the company having reported earnings of 95 cents in the third quarter of 2023 [5]. - The company has a four-quarter trailing earnings surprise of 9.8% on average [6]. Stock Performance - Over the past year, Royal Gold's shares have increased by 13.4%, while the industry has seen a growth of 25.6% [7]. Company Ranking - Royal Gold currently holds a Zacks Rank of 1 (Strong Buy) [9].

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 ...