| Royal Gold (RGLD) Provides Update on Q2 Stream Sales | |
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Royal Gold Inc. RGLD has declared stream sales for the second quarter of fiscal 2016 (ended Dec 31, 2015). The company’s fully-owned subsidiary, RGLD Gold AG, sold around 61,500 ounces of gold related to its streaming agreements, at an average realized gold price of $1,094 per ounce in the quarter.
Royal Gold had around 25,700 ounces of gold in its inventory as of Dec 31, 2015. Sales from the company’s stream segment contributed more than 50% of its total revenues in the first quarter of fiscal 2016.
RGLD Gold’s average cost of sales in the fiscal second quarter was roughly $370 per stream ounce. Royal Gold will release its second-quarter results ahead of the bell on Feb 4.
In the fiscal first quarter, Royal Gold’s royalty revenues increased 7.3% year over year to $74.1 million. Revenues increased mainly due to higher contribution from the Mount Milligan and Penasquito mines, as well as new revenues from the Golden Star streams, partly offset by an increase in gold inventory, lower commodity prices, and reduced production in the company’s area of interest at the Cortez mine.
Net loss attributable to Royal Gold shareholders was $45 million, or 69 cents per share in the first quarter of fiscal 2016, against net income of $18.7 million, or 29 cents per share, in the year-ago quarter. The bottom line was affected by a discrete tax expense related to the sale of Andacollo royalty, and the planned liquidation of its Chilean subsidiary. Royal Gold currently has a Zacks Rank #3 (Hold). Some better-ranked companies in the mining space include Agnico Eagle Mines Limited AEM, AngloGold Ashanti Ltd. AU and Harmony Gold Mining Company Limited HMY. All these stocks 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 >> 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 ANGLOGOLD LTD (AU): Free Stock Analysis Report AGNICO EAGLE (AEM): Free Stock Analysis Report ROYAL GOLD INC (RGLD): Free Stock Analysis Report HARMONY GOLD (HMY): 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$ 8.0 billions as of today (€ 7.0 billions). Its stock quote reached its lowest recent point on February 28, 1992 at US$ 0.03, and its highest recent level on March 28, 2024 at US$ 121.81. Royal Gold has 65 455 293 shares outstanding. |