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DENVER - Royal Gold, Inc. (NASDAQ: RGLD) has released its 2025 guidance for total stream and royalty sales volume, along with projections for depletion, depreciation and amortization expense (DD&A), and its effective tax rate. The precious metals stream and royalty company expects gold sales to range between 210,000 to 230,000 ounces, silver sales to be between 2.7 to 3.3 million ounces, and copper sales to reach 13.5 to 16.0 million pounds. Additionally, sales of other metals are forecasted to bring in $18.0 to $21.0 million.
The company’s DD&A for the year is anticipated to be between $126 to $142 million, with an effective tax rate of 17 to 22 percent. These financial metrics are based on a combination of confidential information and production forecasts provided by operating counterparties, as well as publicly available data.
Royal Gold’s 2025 sales guidance takes into account various factors affecting its principal properties. For example, a lag in Mount Milligan metal deliveries is expected to impact sales in the first half of the year, while the Pueblo Viejo mine is projected to face a 35-day shutdown in the first quarter. The company also anticipates higher gold production at Andacollo due to increased water availability.
Notable assumptions for other assets in Royal Gold’s portfolio include increased gold production at the Peñasquito and Wassa mines, as well as new royalty revenue from the Back River mine starting in the second quarter of 2025. It should be noted that gold deliveries related to the Mount Milligan Cost Support Agreement are not included in the sales guidance.
Royal Gold’s corporate profile highlights its global presence, with interests on 175 properties across five continents, including 42 producing mines and 18 development stage projects. The company emphasizes that its forward-looking statements are not guarantees of future performance and that actual results may differ materially. Notably, Royal Gold has maintained dividend payments for 26 consecutive years, with a current dividend yield of 1.17% and recent dividend growth of 12.5%. InvestingPro subscribers have access to 10+ additional exclusive insights about Royal Gold’s financial health and growth prospects.
This outlook is based on the assumption that there will be no unusual tax items or changes in laws or regulations, and it does not account for potential acquisitions that may be completed during the year. The information provided is based on a press release statement from Royal Gold.
In other recent news, Royal Gold Inc. reported a strong financial performance for the fourth quarter of 2024, with earnings per share (EPS) of $1.63, surpassing the expected $1.51. The company’s revenue reached $202.56 million, slightly below the forecast of $206.01 million. Despite the revenue shortfall, Royal Gold achieved record revenue and operating cash flow for the year, with a 19% increase in annual revenue to $719 million and a 27% rise in operating cash flow to $530 million. In addition to financial results, Royal Gold announced a quarterly dividend of $0.45 per share, continuing its tradition of returning value to shareholders. The company also disclosed a board change, with Kevin McArthur resigning to assume a new role at First Quantum Minerals Ltd. Furthermore, Raymond James raised its price target for Royal Gold to $188 while maintaining an Outperform rating, citing the company’s strong asset portfolio and financial health. These developments reflect Royal Gold’s strategic positioning and operational effectiveness in the precious metals sector.
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