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Royal Gold
🇺🇸 NASDAQ:RGLD
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•
Dec 31, 2023

Royal Gold Q4 2023 Earnings Report

Royal Gold finished 2023 with strong Q4 financial results, taking advantage of strong cash flow to repay debt and increase liquidity, and raising its dividend for the 23rd consecutive year.

Key Takeaways

Royal Gold reported a solid fourth quarter with a net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million. The company focused on repaying debt, building liquidity, and increasing shareholder returns, raising its dividend for the 23rd consecutive year.

Increased dividend for the 23rd consecutive year to $1.60 per share for 2024, a 7% increase over 2023

Repaid $75 million of balance outstanding on revolving credit facility

Solid financial results with revenue of $605.7 million, operating cash flow of $415.8 million and earnings of $239.4 million

Sustained high adjusted EBITDA margin of 79%

Total Revenue
$153M
Previous year: $163M
-6.3%
EPS
$0.95
Previous year: $0.91
+4.4%
Dividends paid
$1.6
Previous year: $0.375
+326.7%
Gross Profit
$89.4M
Previous year: $86.6M
+3.3%
Cash and Equivalents
$104M
Previous year: $119M
-12.2%
Free Cash Flow
$101M
Total Assets
$3.36B
Previous year: $3.53B
-4.9%

Royal Gold

Royal Gold

Forward Guidance

Royal Gold anticipates continued revenue growth from Bellevue and King of the Hills, and expects new revenue from Goldrush, Mara Rosa, Côté Gold and Manh Choh.

Positive Outlook

  • Continued revenue growth from Bellevue
  • Continued revenue growth from King of the Hills
  • New revenue from Goldrush
  • New revenue from Mara Rosa
  • New revenue from Côté Gold

Company Overview

Full financial data and analysis

View Royal Gold