Royal Gold Q2 2022 Earnings Report
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.
Royal Gold
Royal Gold
Royal Gold Revenue by Segment
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%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income