Royal Gold Reports Fourth Quarter and Fiscal Year 2020 Results

05.08.2020  |  Business Wire

Key Fiscal 2020 Highlights:

• Exceptional financial performance with new records for revenue of $498.8 million, operating cash flow of $340.8 million and earnings of $199.3 million
• Volume of 320,000 GEOs²
• Transitioned to new leadership
• Funded growth with $135.7 million of advance payments towards Khoemacau silver stream and reduced net debt¹ by $115 million, from free cash flow¹ with no new shares issued
• Increased per share dividend for the 19th consecutive year and paid total dividends of $71.5 million

Fourth Quarter Key Metrics Compared to Prior Year Quarter:

• Revenue of $120.0 million, an increase of 3.7%
• Operating cash flow of $91.6 million, an increase of 26.7%
• Volume of 70,100 GEOs², a decrease of 20.7%
• Dividends paid of $18.4 million, an increase of 5.7%
• Average price of $1,711 per gold ounce, an increase of 30.7%