EXHIBIT 99.1

 

 

 

Royal Gold Reports Record Annual Revenue, Earnings and Cash Flow

 

DENVER, COLORADO. AUGUST 9, 2017: ROYAL GOLD, INC. (NASDAQ: RGLD)

(together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) reports record fiscal year 2017 net income of $102 million, or $1.55 per basic share, on record revenue of $441 million and record operating cash flow of $266 million.

 

Fiscal 2017 Highlights Compared to Fiscal 2016:

 

·Record revenue of $441 million, an increase of 23%
·Record net income of $102 million, an increase of 56%1
·Record cash flow from operations of $266 million, an increase of 57%
·Record volume of 350,100 Gold Equivalent Ounces (“GEOs”2), an increase of 14%
·Record dividends paid of $61 million, an increase of 5%
·Repaid $95 million on revolving credit facility
·Average gold price of $1,259, an increase of 8%

 

The Company reports net income of $20 million, or $0.31 per share, on revenue of $109 million in its fiscal fourth quarter ended June 30, 2017. Fourth quarter net income included higher non-cash compensation costs and mark-to-market adjustments on warrants and Canadian deferred tax liabilities, as well as higher exploration and legal costs.

 

Fiscal Fourth Quarter 2017 Highlights Compared to Prior Year Quarter:

 

·Revenue of $109 million, an increase of 16%
·Operating cash flow of $65 million, an increase of 32%
·Volume of 86,700 GEOs, an increase of 16%
·Dividends paid of $16 million, an increase of 4%
·Repaid $50 million on revolving credit facility
·Average gold price of $1,257, in line with the prior year quarter

 

 

1When compared to fiscal 2016 adjusted net income, a non-GAAP measure. Please see page 16 for details.
2GEOs are calculated as revenue divided by the average gold price for the same period. GEOs net of stream payments were 71,000 in the fourth quarter and 280,800 in fiscal year 2017, compared to 59,600 and 247,300 in the prior year quarter and fiscal year, respectively.

 


The following information was filed by Royal Gold Inc (RGLD) on Thursday, August 10, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Royal Gold Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Royal Gold Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

FREE Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account