Company Quick10K Filing
Royal Gold
10-Q 2020-03-31 Filed 2020-05-07
10-Q 2019-12-31 Filed 2020-02-06
10-Q 2019-09-30 Filed 2019-11-07
10-K 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-02
10-Q 2018-12-31 Filed 2019-02-07
10-Q 2018-09-30 Filed 2018-11-01
10-K 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-03
10-Q 2017-12-31 Filed 2018-02-08
10-Q 2017-09-30 Filed 2017-11-02
10-K 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-10
10-Q 2016-12-31 Filed 2017-02-02
10-Q 2016-09-30 Filed 2016-11-03
10-K 2016-06-30 Filed 2016-08-11
10-Q 2016-03-31 Filed 2016-04-28
10-Q 2015-12-31 Filed 2016-02-04
10-Q 2015-09-30 Filed 2015-11-05
10-K 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-04-30
10-Q 2014-12-31 Filed 2015-01-29
10-Q 2014-09-30 Filed 2014-10-30
10-K 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-01
10-Q 2013-12-31 Filed 2014-01-30
10-Q 2013-09-30 Filed 2013-11-07
10-K 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-03
10-Q 2011-09-30 Filed 2011-11-03
10-K 2011-06-30 Filed 2011-08-18
10-Q 2011-03-31 Filed 2011-05-06
10-Q 2010-12-31 Filed 2011-02-04
10-Q 2010-09-30 Filed 2010-11-05
10-K 2010-06-30 Filed 2010-08-26
10-Q 2010-03-31 Filed 2010-05-07
10-Q 2009-12-31 Filed 2010-02-05
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-04-09 Earnings, Exhibits
8-K 2020-02-05 Earnings, Exhibits
8-K 2019-12-05 Regulation FD, Exhibits
8-K 2019-11-20 Shareholder Vote
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-10-30 Regulation FD, Exhibits
8-K 2019-10-11 Officers, Regulation FD, Exhibits
8-K 2019-09-26 Officers, Regulation FD, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-06-11 Off-BS Arrangement
8-K 2019-06-03 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-30 Regulation FD, Exhibits
8-K 2019-05-01 Earnings, Officers, Exhibits
8-K 2019-02-25 Other Events
8-K 2019-02-14 Officers, Exhibits
8-K 2019-02-06 Earnings, Exhibits
8-K 2019-01-01 Enter Agreement, Officers, Exhibits
8-K 2018-11-14 Shareholder Vote
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-09-19 Officers, Other Events, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-06-18 Enter Agreement, Leave Agreement, Officers
8-K 2018-05-30 Officers, Regulation FD, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-02-07 Earnings, Exhibits

Royal Gold Financials

RGLD Metrics, Comps, Filings

Quarterly | Annual

Business

Royal Gold, Inc. (“Royal Gold”, the “Company”, “we”, “us”, or “our”), together with its subsidiaries, is engaged in the business of acquiring and managing precious metal streams, royalties, and similar interests. We seek to acquire existing stream and royalty interests or to finance projects that are in production or in the development stage in exchange for stream or royalty interests.

Acquisition and Management of Stream Interests—A metal stream is a purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. As of June 30, 2019, we owned seven stream interests, which are on six producing properties and two development stage properties. Our stream interests accounted for approximately 72% and 71% of our total revenue for the fiscal years ended June 30, 2019 and 2018 respectively. We expect stream interests to continue representing a significant proportion of our total revenue.

Acquisition and Management of Royalty Interests—Royalties are non‑operating interests in mining projects that provide the right to a percentage of revenue or metals produced from the project after deducting specified costs, if any. As of June 30, 2019, we owned royalty interests on 35 producing properties, 14 development stage properties and 129 exploration stage properties, of which we consider 47 to be evaluation stage projects. We use “evaluation stage” to describe exploration stage properties that contain mineralized material and on which operators are engaged in the search for reserves. Royalties accounted for approximately 28% and 29% of our total revenue for the fiscal years ended June 30, 2019 and 2018.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Freeport-McMoran (FCX) 14,012 7% 15.9 0% 40,943 23,401 14,335 946 146 1,348 21,419
Royal Gold (RGLD) 8,241 35% 27.8 6% 2,548 326 442 154 149 298 8,289
Agnico Eagle Mines (AEM) 6,846 0% 5,256 1,846 0 0 0 0 7,378
Sibanye Gold (SBGL) 5,530 0% 84,923 0 0 0 0 2,981
AngloGold Ashanti (AU) 5,102 0% 6,643 3,949 0 0 0 0 4,790
Buenaventura Mining (BVN) 4,371 0% 4,217 1,188 0 0 0 0 4,371
Gold Fields (GFI) 2,826 0% 6,104 3,397 0 0 0 0 2,426
Cleveland-Cliffs (CLF) 2,052 30% 4.2 24% 3,491 3,131 2,152 651 839 925 3,890
NOVAGOLD (NG) 1,555 -16.3 -42% 252 103 0 0 -107 -101 1,637
Nexa Resources (NEXA) 1,577 0% 5,735 2,834 0 0 0 0 1,257
Coeur Mining (CDE) 1,229 -1% 13.9 -4% 1,690 759 660 -10 -70 103 1,438
Harmony Gold Mining (HMY) 1,220 0% 36,736 0 0 0 0 1,084
McEwen Mining (MUX) 602 6% -30.1 -5% 607 130 149 9 -33 -21 638
Golden Star Resources (GSS) 425 4.2 -3% 705 285 0 43 -24 111 465
Mesabi Trust (MSB) 313 94% 9.8 112% 28 13 34 32 32 32 313
Gold Resource (GORO) 250 24% 9.1 3% 192 34 124 29 7 27 243
Uranium Energy (UEC) 176 -12.0 -19% 97 27 0 0 -19 -15 181
Tanzanian Royalty Exploration (TRX)
International Tower Hill Mines (THM) 99 -30.0 -5% 63 0 0 0 -3 -3 92
Platinum Group Metals (PLG) 52 0% 42 61 0 0 0 0 52

Balance Sheet ($MM)2010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash3227112611412396183375302681673664638659646660691675715743104118123117133848886889810989117157216119122
Accounts Receivable
Inventory
PP&E
Assets1,8631,8641,9131,9031,8921,9942,1092,3732,4032,8872,8942,9052,9022,8892,8832,8922,8932,8632,9102,9253,2293,2233,0993,0673,1493,1603,1293,0913,0663,0292,7532,6822,6732,6752,6992,5442,548
Accounts Payable2332232332232234232583346224323952533
Long-Term Debt216200229210192288114293295298300302305307309312314317319322675677630645715715670620570520445370370370370220170
Liabilities421409443415389479303510517514516535528520522519515505497510869861818781850850812770736730623541534528539374326
Stockholders' Equity1,4121,4271,4431,4601,4781,4901,7811,8381,8612,3482,3542,3492,3542,3482,3432,3552,3612,3412,3502,3532,2972,3012,2222,2292,2452,2602,2682,2752,2872,2582,0892,1022,1032,1122,1252,1372,190
Income Statement ($MM)2010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue6310098110116119
Cost of Revenue17181919160
Gross Profit76769584858992949594837991-7559
R&D
SG&A443106545667575467126710688118510710811107767
Tax7111010121415131618181356444-216595-857568848-4654-296-24
Net Income132120232624272125287141519201719-62515-4514-69182727222029-15-154271524292670
Cash Flow ($MM)2010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating3427414546294739541168403535453252306644252664955707672761057745777271
Cash Investing-24-2532-304-148-45-83-120-95-62-33-48-0-31-5-6-33-11-1-976-246-15-90-101-110-0-2-8-0-1-10
Cash Financing-13-2412-26-419185236-7463-14-17-14-13-27-13-14-13-15-15335-15-66-4152-18-61-69-66-91-89-16-17-168-69