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Jun 30, 2022
Royal Gold Q2 2022 Earnings Report
Royal Gold's portfolio performed well, achieving solid revenue, cash flow, and earnings.
Key Takeaways
Royal Gold reported a solid financial performance in Q2 2022, with revenue of $146.4 million, operating cash flow of $120.2 million, and net income of $71.1 million ($1.08 per share). The company remained debt-free with a strong balance sheet and total liquidity of approximately $1.3 billion. Recent acquisitions, including the Great Bear royalty and the Cortez Complex royalty, are expected to further strengthen and diversify the portfolio.
Revenue of $146.4 million, operating cash flow of $120.2 million, and earnings of $71.1 million.
Revenue split of 71% gold, 11% silver, and 14% copper.
Production volume of 78,300 GEOs.
Ended the period debt free, with cash of $280.6 million and total liquidity of approximately $1.3 billion.
Forward Guidance
Royal Gold reaffirmed its previously issued guidance for 2022, including sales of 315,000 to 340,000 GEOs, depreciation, depletion, and amortization expense of $535 to $585 per GEO, and an effective tax rate of 17% to 22%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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