Business
Royal Gold Reports 26% Increase in Second Quarter Revenues
Royal Gold Reports 26% Increase in Second Quarter Revenues.
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\n\n Record revenue of $7.6 million\n\n GSR1 royalty rate increases to 5.0% at the Pipeline Mining Complex\n\n Free cash flow (a non-GAAP financial measure) equals 71% of revenues\n\n Expanded portfolio with three new royalties and a strategic alliance\n\nDENVER, Feb. 2 /CNW/ -- ROYAL GOLD, INC.\n(Nasdaq: RGLD; TSX: RGL), the leading publicly-traded precious metals royalty\ncompany, today announced fiscal second quarter 2006 net income of $2.9 million\nor $0.12 per basic share, on royalty revenue of $7.6 million. These amounts\ncompare to net income for the second quarter of fiscal 2005 of $2.6 million,\nor $0.13 per basic share, on royalty revenue of approximately $6.0 million.\nIncluded in the second quarter results is non-cash stock compensation\nexpense of $1.1 million, or $0.03 per basic share net of tax, related to the\nCompany's equity compensation plans. The non-cash compensation expense has\nbeen allocated among cost of operations, general and administrative, and\nexploration and business development in the Company's consolidated statements\nof operations and comprehensive income.\nIn the prior year period, non-cash stock compensation expense was\n$119,125, allocated to cost of operations, general and administrative, and\nexploration and business development in the Company's consolidated statements\nof operations and comprehensive income.\nNet income for the six-month period ended December 31, 2005, was\n$6.0 million, or $0.27 per basic share, on royalty revenue of $14.4 million.\nThis compares to net income of $5.1 million, or $0.25 per basic share, for the\nsix-month period ended December 31, 2004, on royalty revenue of $12.0 million.\nIncluded in the six-month period is non-cash stock compensation expense of\n$1.3 million, or $0.04 per basic share net of tax, related to the Company's\nequity compensation plans. The non-cash compensation expense has been\nallocated among cost of operations, general and administrative, and\nexploration and business development in the Company's consolidated statements\nof operations and comprehensive income. In the prior year period, non-cash\nstock compensation expense was $119,125, also allocated to cost of operations,\ngeneral and administrative, and exploration and business development.\nFree cash flow for the fiscal second quarter of 2006 was approximately\n$5.4 million, or 7...