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Royal Gold Inc. Reports Operating Results (10-Q)

November 01, 2012 | About:
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10qk

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Royal Gold Inc. (RGLD) filed Quarterly Report for the period ended 2012-09-30.

Royal Gold, Inc. has a market cap of $5 billion; its shares were traded at around $88.3 with a P/E ratio of 52.4 and P/S ratio of 19. The dividend yield of Royal Gold, Inc. stocks is 0.7%. Royal Gold, Inc. had an annual average earning growth of 23.4% over the past 10 years. GuruFocus rated Royal Gold, Inc. the business predictability rank of 5-star.

Highlight of Business Operations:

Reported nickel and copper production at Voiseys Bay increased significantly during the quarter ended September 30, 2012, when compared to the quarter ended September 30, 2011, due to an increase in nickel and copper concentrate shipments. Variability in Vales shipping schedule will continue to be reflected in uneven metal sales quarter over quarter. Vale reported that the Long Harbour hydrometallurgical facility is 75% complete.

For the quarter ended September 30, 2012, we recorded net income attributable to Royal Gold stockholders of $24.8 million, or $0.42 per basic share and $0.41 per diluted share, as compared to net income attributable to Royal Gold stockholders of $22.5 million, or $0.41 per basic share and $0.40 per diluted share, for the quarter ended September 30, 2011. The increase in our earnings per share was primarily attributable to an increase in royalty revenue, as discussed further below. This increase was

For the quarter ended September 30, 2012, we recognized total royalty revenue of $77.9 million, at an average gold price of $1,652 per ounce, an average silver price of $29.80 per ounce, an average nickel price of $7.40 per pound and an average copper price of $3.50 per pound, compared to royalty revenue of $64.5 million, at an average gold price of $1,702 per ounce, an average silver price of $38.80 per ounce, an average nickel price of $10.00 per pound and an average copper price of $4.07 per pound for the quarter ended September 30, 2011. Royalty revenue and the corresponding production, attributable to our royalty interests, for the quarter ended September 30, 2012 compared to the quarter ended September 30, 2011 is as follows:

(1) Reported production relates to the amount of metal sales, subject to our royalty interests, for the three months ended September 30, 2012 and 2011, as reported to us by the operators of the mines.

Read the The complete Report

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