trending Market Intelligence /marketintelligence/en/news-insights/trending/D6EP6WvYoUeN2QyWh8ylCw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Royal Gold's FY'17 net income back in black on higher revenue

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Royal Gold's FY'17 net income back in black on higher revenue

Royal Gold Inc. posted record net income attributable to shareholders for its full fiscal 2017 of US$101.5 million, or US$1.55 per share, swinging from a year-ago loss of US$77.1 million, or US$1.18 per share, on the back of record earnings.

The results for fiscal 2016 also included a US$98.6 million impairment charge, while no impairment was recorded in fiscal 2017, according to an Aug. 9 release.

Revenue for the company jumped 23% year over year to US$440.8 million, including stream revenue of US$314.0 million and royalty revenue of US$126.8 million.

The increase in revenue was realized on the back of higher production volumes across the portfolio, with increased gold output at Andacollo in Chile and higher gold and silver output at Pueblo Viejo in the Dominican Republic.

The company's inventory stood at about 14,100 ounces of gold and 536,800 ounces of silver June 30, 2017, compared to 19,800 ounces of gold and 323,700 ounces of silver June 30, 2016.

Fiscal 2017 cost of sales increased to about US$87.3 million, compared to US$70.9 million in fiscal 2016, due to the increase in gold production and silver stream production at Pueblo Viejo.

Full fiscal year cash flow from operations was also a record at US$266 million, increasing 57% year over year.

The company declared a dividend of 95 U.S. cents per share for the full year, compared to a full-year dividend of 91 cents apiece in fiscal 2016.

In the fourth quarter of the year, Royal Gold's net income attributable to shareholders slid slightly to US$20 million, or 31 cents per share, from US$20.4 million, or 32 cents per share, a year ago.

Fourth-quarter net income included higher noncash compensation costs and mark-to-market adjustments on warrants and Canadian deferred tax liabilities, as well as higher exploration and legal costs, the company said.

Revenue in the three-month period increased 16% year over year to US$108.9 million, and operating income rose to US$34.6 million, from US$28.5 million in the year-ago quarter.

The company declared a dividend of 24 cents per share in the fourth quarter, compared to a dividend of 23 cents per share for the same prior-year quarter.