Royal Gold Previews Q2: $311M Stream Sales, $200M Debt Paydown, $30M Buyback
RGLD sits 25% above its 52-week low of $150.75.
Summary
Royal Gold released preliminary Q2 estimates: stream segment sales of $311M (69,000 GEOs at $871/GEO cost), royalty sales of $137-142M, and DD&A of $95-99M. The company repaid $200M of debt, reducing the revolver balance to $400M with $1B undrawn, and bought back 147,205 shares at $203.80 for $30M. It also settled the remaining Relief Canyon gold delivery obligation with Americas Gold and Silver, receiving 5,000 oz gold and 2.65M shares in exchange for 8,861 oz due through 2027, triggering $12M in additional DD&A. Project funding included $70M for Hod Maden and a $50M advance to Solaris for Warintza. Full Q2 results are due August 5, with a call on August 6. The preliminary figures provide a first look at the quarter's performance and capital allocation, though final numbers may shift.
At the time of this announcement, RGLD was trading at $189.08 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $15.9B. The 52-week trading range was $150.75 to $306.25. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.