earnings
confidence high
sentiment neutral
materiality 0.60
Royal Gold reports preliminary Q2 stream sales $311M, repays $200M debt
ROYAL GOLD INC
- Stream segment sales $311M (69,000 GEOs) at cost of sales $871/GEO; gold 54,500 oz sold, silver 595,500 oz, copper 2.5M lb, zinc 1.3M lb.
- Royalty segment sales estimated $137-142M; DD&A $95-99M for Q2.
- Repaid $200M of debt; revolver balance $400M, $1.0B undrawn available.
- Repurchased 147,205 shares at avg $203.80 for $30M; shares cancelled.