| Royal Gold (RGLD) Issues Update on Mt. Milligan Mine - Analyst Blog | |
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Royal Gold, Inc. RGLD announced that its fully-owned subsidiary – RGLD Gold AG —has received around 26,200 ounces of gold from the Mt. Milligan mine for the quarter ended Mar 31, 2015, as part of its purchase and sale deal with Thompson Creek Metals Company, Inc.
For the quarter, Royal Gold sold about 24,200 ounces of gold from Thompson Creek, an increase of about 70% from the sequentially prior quarter. Further, Royal Gold had about 6,800 ounces remaining in inventory as of Mar 31, 2015. The company sells a major part of the delivered gold within three weeks of receiving the metal and recognizes revenues on its streaming transactions once the metal is sold.
As of Mar 31, 2015, Royal Gold had one provisionally priced final shipment outstanding, which was the 75% balance on shipment 12. That balance of about 5,000 ounces was not received as of Mar 31, and was excluded from the inventory. Henceforth, all deliveries to Royal Gold will be based solely on final settlement timing and volumes, subject to Thompson Creek’s smelter contracts, which can take 3-5 months after concentrate is produced at the mine. Royal Gold, together with its subsidiaries, is engaged in acquiring and managing precious metals, royalties and similar interests. By partnering with capable operators, the company focuses on building and managing a diversified, cash-flowing portfolio of precious metal assets. Royal Gold’s shares rose roughly 0.7% to close at $62.32 last Friday. The stock currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the mining space include Pretium Resources Inc. PVG, Asanko Gold Inc. AKG and Newmont Mining Corp. NEM. While Pretium Resources sports a Zacks Rank #1 (Strong Buy), Asanko Gold and Newmont Mining carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ROYAL GOLD INC (RGLD): Free Stock Analysis Report PRETIUM RES INC (PVG): Free Stock Analysis Report NEWMONT MINING (NEM): Free Stock Analysis Report ASANKO GOLD INC (AKG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Royal Gold Inc.
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PRODUCER |
CODE : RGLD |
ISIN : US7802871084 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Gold is based in United states of america. Royal Gold produces gold, copper, lead, silver and zinc in Argentina, in Bolivia, in Burkina Faso, in Canada, in Chile, in Guinea, in Mexico, in Nicaragua and in USA, develops copper, gold, lead, silver and zinc in Australia, in Burkina Faso, in Canada and in Chile, and holds various exploration projects in Argentina, in Bulgaria, in Canada and in Finland. Its main assets in production are BALD MOUNTAIN in USA, LIMON, LEEVILLE MINING COMPLEX and GOLDSTRIKE OPEN PIT in Nicaragua, DON MARIO (CERRO PELADO) and ROBINSON (NEVADA) in Bolivia, EL CHANATE, PEÑASQUITO, WHARF, MARIGOLD, DOLORES MINE, MULATOS MINE -ESTRELLA and GOLDSTRIKE UNDERGROUND in Mexico, SIGUIRI in Guinea, TAPARKO in Burkina Faso, MARTHA MINE in Argentina, ANDACOLLO HYPOGENE, TOQUI and ANDACOLLO in Chile and WILLIAMS, TWIN CREEKS, PIPELINE MINING COMPLEX and TROY in Canada, its main assets in development are GOLD HILL and PASCUA LAMA in Chile, HOLT MINE & MILL and PINE COVE (MINGS BIGHT) in Canada, BALCOOMA in Australia and BOUROUM in Burkina Faso and its main exploration properties are CANADIAN MALARTIC (QUEBEC), GOLDSTRIPE WILLA, MANHATTAN (WHITE CAPS) and CAMP BIRD MINE in Canada. Royal Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 7.9 billions as of today (€ 7.4 billions). Its stock quote reached its lowest recent point on February 28, 1992 at US$ 0.03, and its highest recent level on April 23, 2024 at US$ 120.41. Royal Gold has 65 455 293 shares outstanding. |