Press release
Royal Gold Reports Strong Revenue, Cash Flow and Earnings for the December Quarter, Solid Financial and Operating Results for the Six-Month Transition Period, and Adoption of a Calendar Year Reporting Schedule
DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we,” “us,” or “our”) reports net
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 net income of $138.3 million, or $2.10 per share, for the six-month transition period (“Transition Period”) ended December 31, 2021, on revenue of $343.0 million and operating cash flow of $248.8 million. Adjusted net income1 was $139.3 million, or $2.11 per share.\n\nProduction volume of 191,300 GEOs2 for the Transition Period exceeded the top end of the revised guidance range of 180,000 to 190,000 GEOs3. Production volume for the Transition Period was approximately 190,900 GEOs at previously-provided guidance prices4.\n\nKey Transition Period 2021 Highlights:\n\n\nStrong financial performance with revenue of $343.0 million and operating cash flow of $248.8 million, up 12% and 28%, respectively, over the comparable prior year period\n\n\n73% of revenue from gold, 11% from silver, 12% from copper\n\n\nProduction volume of 191,300 GEOs, exceeding the revised guidance range of 180,000 to 190,000 GEOs\n\n\nCompleted transition to calendar year reporting schedule\n\n\nKey December Quarter Highlights:\n\n\nRevenue of $168.5 million, operating cash flow of $118.9 million and earnings of $68.2 million, up 6%, 19% and 14%, respectively, over the prior year quarter\n\n\nRepaid $100 million of revolving credit facility balance, ending the period debt free, with cash of $143.6 million and available liquidity of $1.2 billion\n\n\nIncreased dividend for the 21st consecutive year to $1.40 per share, a 17% increase over the prior year\n\n\nKhoemacau stream rate increased to 90% of payable silver\n\n\n“Royal Gold reported continued excellent operating and financial performance in the December quarter to close out our six-month Transition Period,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “Solid portfolio contributions allowed us to exceed the top end of our GEO production guidance range for the Transition Period. With this reporting period behind us, we have completed the change to our fiscal year end and will now report on a calendar year basis.”\n\n“We closed on two previously announced transactions during the Transition Period, a stream on the NX Gold mine and a royalty on the Red Chris mine, both of which are cash flow generating, and we still ended December in a stron...