Royal Gold Q1 2023 Earnings Report
Key Takeaways
Royal Gold reported a net income of $63.9 million, or $0.97 per share, for the quarter ended March 31, 2023, on revenue of $170.4 million and operating cash flow of $108.7 million. The company repaid $75 million of its outstanding revolving credit facility balance, enhancing its strong liquidity position.
Revenue of $170.4 million and operating cash flow of $108.7 million, up 5% and 7% compared to the prior year period.
Revenue split: 71% gold, 14% copper, 12% silver.
Production volume of 90,200 GEOs, 4% higher than the prior year period.
Repaid $75 million of debt, reducing total debt to $500 million and increasing total available liquidity to $634 million.
Royal Gold
Royal Gold
Royal Gold Revenue by Segment
Forward Guidance
Royal Gold issued 2023 guidance for sales of 320,000 to 345,000 GEOs, depreciation, depletion and amortization expense of $490 to $540 per GEO, and an effective tax rate of 17 to 22%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income