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Post Earnings Coverage as Royal Gold's Quarterly Revenue Jumped 14%; Reported Record Cash Flow for Second Consecutive Quarter
Upcoming AWS Coverage on Banro Post-Earnings Results LONDON, UK / ACCESSWIRE / May ...
About this update from Red Lake Gold Inc
[{"type":"text","content":"Post Earnings Coverage as Royal Gold’s Quarterly Revenue Jumped 14%; Reported Record Cash Flow for Second Consecutive QuarterUpcoming AWS Coverage on Banro Post-Earnings Results\nLONDON, UK / ACCESSWIRE / May 30, 2017 / Active Wall St. announces its post-earnings coverage on Royal Gold, Inc. (NASDAQ: RGLD). The Company disclosed its third quarter fiscal 2017 financial results on May 10, 2017. The manager of precious metal royalties reported earnings that exceeded market expectations. Register with us now for your free membership at:http://www.activewallst.com/register/.\n \n One of Royal Gold's competitors within the Gold space, Banro Corp. (NYSE: BAA), reported on May 15, 2017, its financial and operating results for Q1 2017. AWS will be initiating a research report on Banro in the coming days. \n \n Today, AWS is promoting its earnings coverage on RGLD; touching on BAA. Get our free coverage by signing up to http://www.activewallst.com/register/.\n \n Earnings Reviewed\n \n For its fiscal third quarter ended March 31, 2017, Royal Gold reported revenue of $107.0 million, up 14% compared to revenue of $93.5 million in Q1 2016. Higher sales from the Company's Mount Milligan and Pueblo Viejo streams more than offset lower sales from its Andacollo stream, which was due to timing of concentrate shipments.\n \n Royal Gold's Q3 FY17 revenue included stream revenue of $76.6 million and royalty revenue of $30.4 million. The Company's Stream segment gold purchases were approximately 50,000 ounces, while sales totaled approximately 58,000 ounces. Stream segment silver purchases were approximately 374,000 ounces and silver sales were approximately 322,000 ounces in the reported quarter.\n \n For Q3 FY17, Royal Gold's cost of sales was $22.4 million compared to $17.9 million in Q3 FY16. The increase was primarily due to higher gold sales from Mount Milligan and increased gold and silver sales from Pueblo Viejo. The Company's general and administrative expenses decreased to $5.4 million in the reported quarter compared to $7.7 million in the prior year's same quarter. The decrease was primarily related to lower non-cash stock-based compensation charges.\n \n Royal Gold's exploration costs, which are related to its Peak Gold joint venture in Alaska, totaled $2.6 million in Q3 FY17 compared to $1.9 million in Q3 FY16. As of March 31, 20...