other material
confidence high
sentiment neutral
materiality 0.60
Royal Gold guides 2024 sales: 215-230k oz gold, 3.2-3.8M oz silver, 14-16M lb copper; repays $125M debt
ROYAL GOLD INC
- 2024 sales guidance: gold 215-230k oz, silver 3.2-3.8M oz, copper 14-16M lb, other metals $17-20M.
- DD&A $141-157M; effective tax rate 17-22%; assumes no acquisitions, no unusual items.
- Repaid $125M on credit facility ($100M Mar + $25M Apr); remaining $125M at 6.5% interest.
- Key assumptions: Mount Milligan lag, Pueblo Viejo silver deferral, Andacollo drought, Cortez resource model changes.
- Khoemacau payable silver 1.2-1.4M oz; Peñasquito higher silver/lead/zinc from Chile Colorado pit.