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Precious Metals

2017 Second Quarter: Royal Gold Reports Record Operating Cash Flow

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Royal Gold, Inc. (NASDAQ: RGLD) reports net income attributable to stockholders of $28.1 million, or $0.43 per share, on revenue of $107.0 million in its fiscal second quarter ended December 31, 2016 (second quarter). Earnings increased significantly compared to the prior year quarter net income of $15.1 million, or $0.23 per share, on revenue of $98.1 million.

“In the second quarter, a higher gold price combined with strong portfolio contributions to yield our highest operating cash flow in Company history,” commented Tony Jensen, President and CEO. “Our investment commitments at Rainy River and Golden Star are now complete, and Royal Gold has no other required funding commitments. Our growth profile is among the most compelling in the gold streaming business, and it is fully bought and paid for.”

Paul

The author Paul