Earnings ·
Royal Gold reports Q3 net income of $2.68 per share on record operating cash flow
RGLDRoyal Gold Inc
Royal Gold reported third-quarter revenue of $464.8 million and net income of $227.4 million, or $2.68 per diluted share, compared to $126.8 million in the prior-year period. The company generated a record operating cash flow of $344.4 million and sold 109,000 gold equivalent ounces. Royal Gold repurchased 190,045 shares for $49 million under its authorized program and paid a quarterly dividend of $0.475 per share. Subsequent to the quarter end, the company fully repaid its remaining $150 million revolving credit facility balance. Royal Gold is a precious metal streaming and royalty company that generates cash flows from a diversified portfolio of mining interests.