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Friday, December 15, 2017 12:15:11 AM
Motley Fool December 14, 2017
1. Royal Gold
Royal Gold is what is known as a precious metals "streamer." It has royalty claims on gold, silver, copper, lead, and zinc at mines in over 20 countries -- but it doesn't own mines. In exchange for capital, mine owners give Royal Gold working interests in the production of precious minerals. This has led to some pretty hefty profit margins for the company, especially when compared to traditional miners like Barrick Gold and Yamana Gold:
Royal Gold has interests in 34 producing properties, 21 development-stage properties, and 131 exploration-stage properties scattered across Canada, the United States, the Dominican Republic, Mexico, Chile, Australia, and Africa.
Investors can expect solid growth from Royal Gold's interests. The company just recently began receiving copper deliveries from its Mount Milligan mine in Canada. Royal Gold's partner in the mine, Centerra Gold, Inc., also upped its production estimates for the mine as part of its third-quarter earnings release. The mine is a prime example of how Royal Gold operates: In exchange for just under $800 million, it has the right to 35% of all the gold and 18.75% of the copper for the life of the mine, at far-below-market rates. Also of note is that this particular mine has an estimated life of 22 years, thanks to over 2.1 billion pounds of copper and 5.8 million ounces of gold in proven and probable reserves.
Mount Milligan is just one example of the power of Royal Gold's business model, and its merits as a top gold stock.
https://finance.yahoo.com/news/3-gold-stocks-buy-even-141600649.html
Recent RGLD News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 01:06:23 PM
- Royal Gold Provides Update on Q2 2024 Stream Segment Sales and Details for Release of Q2 2024 Results • Business Wire • 07/09/2024 01:00:00 PM
- Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, July 17, 2024 • Business Wire • 07/03/2024 08:05:00 PM
- Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Thursday, June 27, 2024 • Business Wire • 06/17/2024 07:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 02:16:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 11:51:17 AM
- Royal Gold Announces Third Quarter Dividend • Business Wire • 05/22/2024 10:52:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 04:43:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 03:08:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/15/2024 09:20:59 PM
- Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, May 29, 2024 • Business Wire • 05/14/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 11:50:49 AM
- Royal Gold Reports Strong Start to 2024 with Significant Liquidity Increase • Business Wire • 05/08/2024 08:15:00 PM
- Royal Gold Presenting at the BofA Securities 2024 Global Metals, Mining & Steel Conference • Business Wire • 05/03/2024 12:51:00 AM
- Royal Gold Provides 2024 Guidance for Sales, DD&A and Effective Tax Rate, and Update on Repayment of Outstanding Borrowings • Business Wire • 04/17/2024 01:00:00 PM
- Royal Gold Provides Update on Q1 2024 Stream Segment Sales and Details for Release of Q1 2024 Results • Business Wire • 04/09/2024 01:00:00 PM
- Royal Gold Announces Investor Update on Wednesday, April 17, 2024 • Business Wire • 04/03/2024 08:05:00 PM
- Royal Gold Presenting at the Gold Forum Europe 2024 Conference • Business Wire • 04/02/2024 06:17:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:21:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 07:26:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:34:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:31:57 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:27:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:25:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:23:41 AM
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