Royal Gold, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 01:35 am IST
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Royal Gold, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 142.77 million compared to USD 145.02 million a year ago. Net income was USD 63.45 million compared to USD 71.14 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 1.08 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 1.08 a year ago.
For the six months, sales was USD 311.17 million compared to USD 305.15 million a year ago. Net income was USD 127.32 million compared to USD 136.82 million a year ago. Basic earnings per share from continuing operations was USD 1.94 compared to USD 2.08 a year ago. Diluted earnings per share from continuing operations was USD 1.93 compared to USD 2.08 a year ago.
Royal Gold, Inc. is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. The Company's segments include Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides 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. The Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any. The Company owns interests on approximately 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects.
ROYAL GOLD, INC. 
