Press release
Royal Gold Reports Record Revenue and Strong Financial Results for the Fourth Quarter, and Record Revenue, Earnings and Cash Flow for Fiscal Year 2021
DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we,” “us,” or “our”) reports
About this update from Royal Gold, Inc.
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nRoyal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we,” “us,” or “our”) reports fiscal year 2021 (“fiscal 2021”) net income of $302.5 million, or $4.61 per share, on revenue of $615.9 million and operating cash flow of $407.2 million. Adjusted net income1 was $236.5 million, or $3.59 per share.\n\nKey Fiscal 2021 Highlights:\n\n\nRecord financial performance with revenue of $615.9 million, operating cash flow of $407.2 million and earnings of $302.5 million, increases of 23%, 19% and 52%, respectively, over the prior year\n\n\n74% of revenue from gold and 10% from silver\n\n\nVolume of 333,100 GEOs2\n\n\nEnded the year debt free, with net cash3 of $222 million and available liquidity of $1.2 billion\n\n\nIncreased dividend for the 20th consecutive year to $1.20 per share, a 7% increase over the prior year\n\n\nContinued Board renewal with election of Fabiana Chubbs\n\n\nKey Fourth Quarter Highlights:\n\n\nRecord revenue of $168.0 million and operating cash flow of $120.9 million\n\n\nAcquired royalty on the Côté Gold development project\n\n\nAnnounced gold stream on the NX Gold Mine, including ESG funding commitment\n\n\nKhoemacau stream rate increased to 84% of payable silver, with first concentrate produced June 30\n\n\nPost Quarter Events:\n\n\nAcquired royalty on the world-class Red Chris Mine\n\n\nDrew $100 million on revolving credit facility to fund acquisitions \n\n\n“Not only did we produce record financial results, but we also achieved several significant strategic goals in fiscal 2021,” commented Bill Heissenbuttel, President and CEO of Royal Gold, “including the following highlights for the year:\n\n\nWe funded our base silver stream at Khoemacau and, with an incremental stream advance, are now positioned to purchase 84% of the payable silver from a project that has recently produced its first concentrate,\n\n\nWe sharpened our focus on our core royalty and streaming business with the sale of our Peak Gold joint venture interest, and with our three recent acquisitions we remain committed to both gold as our strategic metal of focus, and investing in properties with exploration and production upside,\n\n\nWe completed our acquisitions with existing sources of liquidity and without equity dilution to our shareholders, while also increasing our re...