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Latest earnings figures
reported a 10% increase in revenue driven by volume increases of 15%
http://www.earningsimpact.com/Transcript/82671/RGLD/Royal-Gold%2c-Inc----Q4-2013-Earnings-Call
Where from here?
Agreed Tallude. This is a great stock.
Mark Calendars for Conf. Call 8.8.2013 on this crown jewel!!
Sure looking attractive down here.
Outstanding company, looking for a strong rebound with gold.
At 1200, not so much reason to explore I suppose.
Royal Gold, Inc. Research Report
The Full Research Report on Royal Gold, Inc. - including full detailed breakdown, analyst ratings and shr $ targets - is available to download free of charge at: http://www.WSReports.com/r/full_research_report/6038_RGLD
I'm reminded of something Jim Sinclair always is fond of saying "...always buy on "fishing line" chart formations." A quick look at yesterday's stock chart prior to today's opening market action in RGLD, certainly is illustrative of JES' mantra.
An amazing point of entry/add to!
Fine Chart, NYBob. Is that available in a longer term view than 6mo?
Any interested in this space should check out prior historical 52 week lows in RGLD, and THEN consider putting some speculative cash to work in this one.
It's marginable.
It's optionable.
It's a proven business model for making money in this space.
What's not to like?
PROPERTY HIGHLIGHS from May 2. P/R:
Royal Gold Reports Results for Third Quarter Fiscal Year 2013
Royalty revenue of $74.2 million, a 7% increase year-over-year Operating cash flow totaled $68.1 million, a 43% increase year-over-year
Press Release: Royal Gold, Inc. 5.2.2013
DENVER--(BUSINESS WIRE)--
Highlights at certain of the Company’s principal producing and development properties during the quarter ended March 31, 2013 are listed below. We advise readers to refer to the public statements of the operators of each of these properties for more complete information.
Producing Properties
Andacollo– Teck reported that average daily throughput for the quarter was about 47,000 tonnes. Production increased primarily due to higher mill throughput and higher ore grades. Over the past few quarters, Andacollo has established steady state operations.
Holt– St Andrew Goldfields reported that progress continues on mine development that should allow for an incremental increase in production by the end of calendar 2013.
Mulatos– Alamos reported that increased gold production was primarily attributable to higher crusher throughput and a full quarter of production from the Escondida high-grade zone that was in commissioning in the prior year.
Peñasquito– Goldcorp’s annual guidance for Peñasquito anticipated lower production in the first half of calendar 2013 as the mine moves from a lower grade portion of the pit to higher grade ore. Goldcorp also reported that ongoing studies to develop a long-term water strategy continue to progress and that they have identified a new water source within their current permitted basin that has the potential to supply sufficient water to continue the plant ramp-up to full design capacity. Goldcorp noted that current water availability is expected to be sufficient to achieve calendar 2013 production guidance of 360,000 to 400,000 ounces of gold.
Robinson–KGHM reported that copper production increased due to improved mill recovery and higher productivity in the mine.
Voisey’s Bay – Vale reported that copper production was impacted during the quarter due primarily to feed availability as a result of a crusher failure and a severe snow storm that delayed haulage from the mine.
In late March 2013, the Government of Newfoundland and Labrador announced amendments to their Voisey’s Bay Development Agreement including a commitment from Vale to pursue underground mining to extend the mine life. The agreement also allows Vale to continue processing concentrate outside of the province while construction is being finalized at the Long Harbour processing plant.
Wolverine –Yukon Zinc continues to make production improvements at the Wolverine mine. They have reported that process circuit modifications and the integration of new equipment have enabled these improvements.
Development Properties
Mt. Milligan– As of the end of December 2012, Thompson Creek estimated that project completion was at 81%. They also reported that the Mt. Milligan project remains on schedule with initial production to commence in the third calendar quarter of 2013, followed by commercial production expected in the fourth calendar quarter of 2013.
Pascua-Lama– As of March 31, 2013, Barrick reported it had spent approximately $4.8 billion on the construction of the Pascua-Lama project. About 70% of the structural steel was erected for the process plant facility, 65% of the concrete has been poured, 55% of earthworks was completed, and the ore conveyance tunnel was approximately 80% complete.
During the fourth quarter of calendar 2012, Barrick reported that pre-stripping activities in Chile were halted to address increased dust in the open pit area and that the project has since strengthened dust mitigation and control measures. In addition, regulatory restrictions have also been placed on the project due to the need to repair and improve certain aspects of the water management system in Chile. Completion of measures to address these aspects is targeted for the first quarter of calendar 2014.
Subsequently, Barrick suspended construction work on the Chilean side of the project in April in response to a preliminary injunction issued by a Chilean court. The action alleges non-compliance with the environmental requirements of the project’s Chilean environmental approval. Construction activities in Argentina, where the majority of the project’s critical infrastructure is located, including the process plant and tailings storage facility, were not affected.
Given these pending regulatory and legal issues, Barrick stated on April 24, 2013, that they were unable to fully assess the impact on the capital budget, operating costs and schedule of the project.
Additional Property Information
Third quarter fiscal 2013 production and revenue for the Company’s principal interests are shown in Table 1 and historical production data is shown in Table 2.
For more detailed information about each of our principal interests, please refer to
the Company’s most recent Annual Report on Form 10-K,
our Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K filed with the SEC
....and available on the SEC’s website located at www.sec.gov, or our website located at www.royalgold.com.
Royal Gold Reports Results for Third Quarter Fiscal Year 2013
Royalty revenue of $74.2 million, a 7% increase year-over-year Operating cash flow totaled $68.1 million, a 43% increase year-over-year
Press Release: Royal Gold, Inc. 5.2.2013
DENVER--(BUSINESS WIRE)--
Royal Gold, Inc.( RGLD) ( RGL.TO) today announced net income attributable to Royal Gold stockholders of $6.5 million, or $0.10 per basic share, on royalty revenue of $74.2 million for the third quarter of fiscal 2013. This compares to net income attributable to Royal Gold stockholders of $26.0 million, or $0.44 per basic share, on royalty revenue of $69.6 million for the third quarter of fiscal 2012.
Results for the quarter were impacted by two items.
First, a non-cash loss was recognized on available-for-sale securities of $12.1 million associated with the common shares of Seabridge Gold, Inc. that were acquired as part of the June 2011 transaction regarding the Kerr-Sulphurets-Mitchell Project.
Second, a higher income tax expense of $6.9 million was recognized during the quarter related to adjustments resulting from the filing of our June 30, 2012 income tax return. The after tax effect of the securities loss and tax adjustments on basic earnings per share was $0.17 and $0.10, respectively. Excluding these items, net income attributable to Royal Gold stockholders would have been $24.3 million, or $0.37 per basic share for the fiscal third quarter.
For the nine-month period ended March 31, 2013,
royalty revenue was a record $231.9 million and
net income attributable to Royal Gold stockholders was $58.5 million, or $0.93 per basic share.
This compares to nine-month (period ended March 31, 2012)
royalty revenue of $202.9 million and
net income attributable to Royal Gold stockholders of $71.9 million, or $1.27 per basic share,
The after tax effect of the securities loss and tax adjustments (described above) on net income attributable to Royal Gold stockholders for the nine-month period ended March 31, 2013, was $12.1 million, or $0.17 per basic share, and $6.9 million, or $0.11 per basic share, respectively. Excluding these items, net income attributable to Royal Gold stockholders for the nine-month period ended March 31, 2013, would have been $76.3 million, or $1.22 per basic share.
Adjusted EBITDA1 for the third quarter of fiscal 2013 was $66.1 million representing 89% of revenue, compared to Adjusted EBITDA of $63.6 million or 91% of revenue for the prior year period. Cash flow from operations for the quarter was $68.1 million, or $1.05 per basic share, compared with $47.5 million, or $0.81 basic per share, for the third quarter of fiscal 2012.
The 7% increase in revenue for the quarter was largely driven by increased production at Andacollo and Holt, and the continued ramp up at Wolverine.
These increases were partially offset during the period by production declines at Peñasquito and Voisey’s Bay, as well as lower gold and other metal prices. The average price of gold for the quarter was $1,632 per ounce compared with $1,691 per ounce for the comparable period, a decrease of 3%.
As of March 31, 2013, the Company had a working capital surplus of $727.4 million. Current assets were $749.0 million (including $673.1 million in cash and equivalents), compared to current liabilities of $21.6 million, resulting in a current ratio of approximately 35 to 1. In addition to available working capital, the Company has $350 million available under its revolving line of credit.
Tony Jensen, President and CEO, commented, “Achieving another quarter of strong royalty revenue despite lower year-over-year average gold prices, highlights the strength of our royalty portfolio. We expect to add Mt. Milligan to our producing portfolio of assets in the near future as production is scheduled to commence in the third calendar quarter of this year. In addition, our strong financial position allows us to seek new business opportunities as we look to expand our high quality portfolio.”
PROPERTY HIGHLIGHTS---(in next post.)
RGLD's NSR on PGLC/RC mine was reduced from 4% to 2% by former SAGE(now PGLC) Pres David Rector, now CEO of Valor Gold.
In case RGLD-ites need memory refreshing, please check the following from back in 2011 and signed by Rector, Lawyer Alfer's immediate predecessor and now put out to pasture VGLD pres.
CDE.does.NOT.have.a.10%.stake.in.PGLC. Your info=flat out wrong!
10mil shares (all registered to sell 2.14.2013 in SEC filing) out of PGLCs 300mil share o/s issued does NOT come anywhere close to a 10% stake.
And NONE of this misinfo has squat to do with RGLD.
Please read Marc Faber for Jim Rogers.
Royal Gold stock fell strongly during the week, but managed a sharp rebound with good volumes on Friday. Fears about reduced QE from the Fed may keep the gold / silver prices under pressure. The stocks have made new lows and gold fell 7% during the week. This fall came after a relative period of calm which stretched over a few weeks. The fall was sudden and surprising. Most precious metal company stocks are way below their book values, and it seems that the sell off is overdone. Many investors like George Soros and Jim Rogers are getting a bit more positive about the prospects of the precious metals. They argue that devaluation of currencies will ultimately increase the price of Gold, and the stocks will rebound sharply if that happens. Jim Rogers has stated that a 20% rise in gold prices may lead to doubling of some gold stocks because they have been beaten down so badly. Gold may be closing in on levels where it may start to find buyers. Some bigger companies are acquiring assets of development stage companies which are now trading at very attractive valuations. Coeur 'D Alene (CDE) has hinted at some acquisitions around its properties in Nevada, though it has not put a timeline or mentioned company names. CDE already has a 5% stake in Pershing Gold Corporation (PGLC), a development stage company in Nevada which is expected to start production of Gold in 2014. Even streaming / royalty companies have gone for some purchases recently. However, the break below recent lows is a little unsettling and the sentiments may take some time to stabilize. Usually, the gloom or the boom is overdone, and that is the best time for buying / selling. Of course, not many can dare right now, but in hindsight things may appear different.
Check out stansberry radio podcast march 1. Geologist and mining stock experts love this royalty co. Think it will outperform Franco Nevada. Which they also like over the next 12-24 months.
Nice figures, just like AGCZ Looking good for the future.
Potential value of these stocks are good you just have to look for them.
Gold prices will rise again IMO
As of January 12, 2011, published ore resources at Long Canyon were 1,396,000 oz. of gold at an average grade of 2.36 grams per gold per ton contained in 18,371,000 tons of ore. Inferred resources were 803,000 oz. of gold at average grade of 2.24 grams gold per ton contained in 11,170,000 tons of rock.
The Spruce Ridge, Nevada project is on the next range west of the recent Pequop Mountains, Long Canyon Trend major discovery by Fronteer Gold of a very large “Carlin Trend” type gold deposit. The Long Canyon deposit was acquired in February 2011 by Newmont Mining Corp. NEM.NYE for $2.3 billion.
Newmont Mining Corp. NEM.NYE and Barrick Gold Corp.ABX.NYE operate several large mines on the prolific "Carlin Trend" or Carlin Unconformity, which is one of the worlds richest mining districts. Gold Standard Ventures is currently exploring the Railroad project on the southern portion of the Carlin Trend, within the historic Bullion Mining District. CGCC CanyonGold plans to explore its claims for a large tonnage “Carlin” type of gold deposit.
Through continued exploration, Newmont Mining Corp. NEM.NYE has since announced additional increased tonnage at Long Canyon. CanyonGold intends to explore its claims for the same type of target, a large tonnage gold deposit similar to the West Pequop Mountain Long Canyon type of gold deposit. CGCC CanyonGold will use similar exploration techniques modified to fit the characteristics of the Spruce Ridge property which have fracturing/alteration similar to that of Long Canyon.
Spin-off companies from the original explorers of the Long Canyon discovery are exploring in the Wood Ridge range north of the CGCC CanyonGold claims, and south of the CanyonGold claims in the Spruce Ridge range. These spin-off companies are tied on or -adjacent to the northern and southern boundaries of the CanyonGold claims.
The southern company is Renaissance Gold Inc. RNT.V which has an exploration agreement with Summit Mining Exploration 11, Inc. which is a US subsidiary of Sumitomo Corporation. A recent press release (06/11/2012) said they have already spent US $ 1.8 million on Spruce Mountain exploration and announced a second round budget US $ 1.7 m in additional expenditures.
Miranda Gold Corp. MAD.V has the East Spruce property which is to the southeast of the CanyonGold property and is just to the east of the RenGold/Sumitomo JV project.
The company to the north is NuLegacy Gold Corp. V.NUG exploring their Wood Ridge South property optioned from Renaissance Gold Inc. RNT.V They completed a series of geochemical and gravity surveys to guide two sets of drilling. NuLegacy's southern boundary is also CanyonGold's northern boundary. To the east of the NuLegacy ground between their ground and the Long Canyon project is Agnico- Eagle.
CGCC CanyonGold is well positioned for success with its claims in an area of ever expanding gold discoveries and the potential for growth through acquisition of further claims in the same area. CanyonGold filed with the SEC for full reporting status and trading on the OTC-Bulletin Board. On November 29, 2012 the company was cleared for trading on the OTC-BB under the symbol ‘CGCC’
CGCC has managed to aquire 30 mineral lease claims and optioned 280 mineral lease claims for a total of 10.3 sections, approximately 6,613 acres, situated on the NE-SW ‘Long Canyon Trend’ on the next range to the west of the Pequop Mountains in the Spruce Ridge area of Nevada. With completion of its phase one exploration and delivery of the Geological Report written in the style of Canadian securities NI 43.101 Technical Report requirements. The findings on the claims as given in the report recommend continuation with the planned Phase Two exploration program.
CGCC plans to increase its claim holdings in the Long Canyon Trend - Spruce Ridge area through Spring/Summer 2013 by exercising an existing property lease option, subject to financing program. Through due-diligence and perseverance over the past year they were able to build and maintain a company poised to build sustained shareholder value. The exploration team with close ties to the local communities is led by a geologist with many years of local and international experience. You can read more about the company and its recent news at : http://www.canyongoldexploration.com
Royal Gold, Inc. (RGLD)
81.61 ? 0.47 (0.58%)
Volume: 448,390 @ 4:18:45 PM ET
Bid Ask Day's Range
79.29 83.22 80.4 - 82.16
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
80.76 ? 0.0 (0.00%)
Volume: 640 @ 9:28:05 AM ET
Bid Ask Day's Range
80.61 81.37 - - -
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
85.69 ? -0.51 (-0.59%)
Volume: 682,077 @ 1:06:00 PM ET
Bid Ask Day's Range
85.67 85.69 85.45 - 86.75
RGLD Detailed Quote Wiki
Thanks Texan
We have owned this stock for years and when gold was under $600.00
Owned RGLD since $32.00
This was once a .02 cent stock.
Royal Gold, Inc. (RGLD)
90.09 ? 1.0 (1.12%)
Volume: 631,122 @ 2:34:37 PM ET
Bid Ask Day's Range
90.06 90.11 89.13 - 90.4
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
77.6 ? 0.6 (0.78%)
Volume: 478,834 @ 4:26:05 PM ET
Bid Ask Day's Range
77.41 77.59 77.05 - 78.5
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
77.12 ? 0.87 (1.14%)
Volume: 645,994 @ 5:01:00 PM ET
Bid Ask Day's Range
76.02 77.26 75.02 - 77.32
RGLD Detailed Quote Wiki
(NASD: RGLD) will replace Lam Research in the S&P MidCap 400 index after the close of trading on a date to be announced. Lam Research is acquiring Novellus in a deal expected to be completed soon pending final approvals.
Royal Gold, Inc. (RGLD)
60.77 ? 0.35 (0.58%)
Volume: 821,981 @ 4:29:23 PM ET
Bid Ask Day's Range
59.0 62.5 59.63 - 61.6799
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
64.5 ? 0.66 (1.03%)
Volume: 415,119 @ 11:13:31 PM ET
Bid Ask Day's Range
64.5 69.25 63.91 - 64.67
RGLD Detailed Quote Wiki
Comstock Royalty has a big position here.
Very nice things are coming and expansion is the word.
The divy, what I meant earlier is already pretty sweet imo.
Should be another record earnings announcement, maybe a divy hike?
holding shares
glty
dsp
Thanks dsp.. wonder why it came up on the earnings site.. Been crazy good and bad on many others.. any thoughts on RGLD?
Earnings are march 2, 2012
Royal Gold, Inc. (RGLD)
73.49 ? -3.14 (-4.10%)
Volume: 1,184,168 @ 12:04:40 AM ET
Bid Ask Day's Range
70.39 77.8 73.14 - 76.86
RGLD Detailed Quote Wiki
~ $RGLD ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $RGLD ~ Earnings expected on Thursday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=RGLD&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=RGLD&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/RGLD?
~ OTC Markets: http://www.otcmarkets.com/stock/RGLD/company-info
~ Google Finance: http://www.google.com/finance?q=RGLD
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=RGLD#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=RGLD+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=RGLD
Finviz: http://finviz.com/quote.ashx?t=RGLD
~ BusyStock: http://busystock.com/i.php?s=RGLD&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=RGLD&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=RGLD
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=RGLD
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=RGLD
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=RGLD
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=RGLD
~ MarketWatch: http://www.marketwatch.com/investing/stock/RGLD/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=RGLD
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RGLD
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RGLD&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RGLD&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RGLD&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Royal Gold, Inc. (RGLD)
74.02 ? 2.23 (3.11%)
Volume: 1,498,363 @ 7:57:22 PM ET
Bid Ask Day's Range
70.64 73.95 72.4201 - 76.93
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
68.65 ? 0.19 (0.28%)
Volume: 384,019 @ 4:14:33 PM ET
Bid Ask Day's Range
63.91 77.0 67.17 - 69.47
RGLD Detailed Quote Wiki
Playbook game plan for RGLD on 12/09/2011
Here's our thoughts:
Royal Gold, Inc. (RGLD)
78.42 ? 4.97 (6.77%)
Volume: 1,197,455 @ 4:42:09 PM ET
Bid Ask Day's Range
78.0 80.0 75.0 - 78.61
RGLD Detailed Quote Wiki
Royal Gold, Inc. (RGLD)
80.1 ? 0.04 (0.05%)
Volume: 147,566 @ 9:57:53 AM ET
Bid Ask Day's Range
80.03 80.1 79.57 - 80.94
RGLD Detailed Quote
Royal Gold, Inc. (RGLD)
73.0 ? 3.0 (4.29%)
Volume: 1,191,712 @ 10:23:59 PM ET
Bid Ask Day's Range
72.2 74.81 70.56 - 73.78
RGLD Detailed Quote
what the hec 1823 and rgld down ,please, somebody is going to get hurt lol
Royal Gold, Inc. (RGLD)
58.57 ? 0.25 (0.43%)
Volume: 352,649 @ 5:57:11 PM ET
Bid Ask Day's Range
58.31 59.79 58.02 - 59.33
RGLD Detailed Quote
Royal Gold, Inc. (RGLD)
57.4 ? 0.73 (1.29%)
Volume: 369,207 @ 12:14:40 AM ET
Bid Ask Day's Range
57.21 59.29 57.09 - 57.97
RGLD Detailed Quote
61 was nice nice this morn; every time a see something I like 9 outa 10 your names all over it, respect.
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