Royal Gold posts strong FY2023 results; secures Mount Milligan mine life extension to 2035

ROYAL GOLD INC

FY2023 net income $239.4M ($3.63/share) on revenue $605.7M; Q4 net income $62.8M ($0.95/share).
Debt reduced by $325M to $250M; dividend raised 7% to $1.60/share for 2024 (23rd consecutive increase).
Mount Milligan deal: $125M near-term consideration ($24.5M cash + 50,000 oz gold), mine life extended to 2035.
Royal Gold to provide cost support from ~2030; receives 5% FCF interest (rising to 10%); existing stream unchanged.
Operating cash flow $415.8M; sales volume 312,100 GEOs (slightly below guidance but in line).

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROYAL GOLD INC reported financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, Royal Gold, Inc. (the “Company”) reported its results for the fourth quarter and year ended December 31, 2023.

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ROYAL GOLD INC filing history →

Source: SEC EDGAR

accession 0001558370-24-001190

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