Royal Gold (RGLD) Swings to Q1 Loss
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Royal Gold Reports Financial Results, Record Volume and Four New Streams in First Fiscal Quarter 2016
November 4, 2015 8:09 PM ESTDENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) (together with its subsidiaries, Royal Gold or the Company) recorded the second consecutive quarter of record volume at 65,868 gold equivalent ounces (GEOs)1 in the first quarter of fiscal 2016 (ended September 30, 2015, first quarter), up 22% from the year-ago quarter. Revenue of $74.1 million reflected a 7% increase over the prior year quarter. Physical gold inventory held on the balance sheet and not reflected in revenue increased to 11,500 ounces during the first quarter, a 117% increase over the physical gold inventory of 5,300 ounces as of June 30, 2015.
Earnings were impacted by a... More
