Form 8-K - Current report
09 October 2024 - 12:20AM
Edgar (US Regulatory)
FALSE000008553500000855352024-10-082024-10-08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 8, 2024
Royal Gold, Inc.
(Exact name of registrant as specified in its charter)
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Delaware | | 001-13357 | | 84-0835164 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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1144 15th Street, Suite 2500, Denver, CO | | 80202 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (303) 573-1660
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading Symbol | | Name of each exchange on which registered |
Common Stock, $0.01 par value | | RGLD | | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02 Results of Operations and Financial Condition.
On October 8, 2024, Royal Gold, Inc. issued a press release with certain information regarding stream sales for the quarter ended September 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished under this Item 2.02, including the exhibit, will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and will not be deemed incorporated by reference into any filing under the Securities Act of 1933, except as expressly set forth by reference to such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. | | Description |
99.1 | | |
104 | | Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Royal Gold, Inc. |
| |
Date: October 8, 2024 | By: | /s/ David R. Crandall |
| | Name: | David R. Crandall |
| | Title: | Vice President, Corporate Secretary and Chief Compliance Officer |
Royal Gold Provides Update on Q3 2024 Stream Segment Sales and Details for Release of Q3 2024 ResultsDENVER, COLORADO. October 8, 2024: ROYAL GOLD, INC. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 53,800 gold equivalent ounces (GEOs)1 comprised of approximately 40,700 ounces of gold, 688,200 ounces of silver and 1,400 tonnes of copper related to its streaming agreements during the three-month period ended September 30, 2024 (the “third quarter”). The Company had approximately 17,000 ounces of gold, 219,100 ounces of silver, and 400 tonnes of copper in inventory at September 30, 2024.
RGLD Gold AG’s average realized gold, silver and copper prices for the third quarter were $2,459 per ounce, $29.10 per ounce and $9,141 per tonne ($4.15 per pound), respectively. Cost of sales was approximately $506 per GEO for the third quarter. Cost of sales is specific to the Company’s streaming agreements and is the result of the Company’s purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.
Details for Q3 2024 Results Release
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Royal Gold’s results for the quarter ended September 30, 2024, will be released after the market closes on Wednesday, November 6, 2024, followed by a conference call on Thursday, November 7, 2024, at 1:00 p.m. Eastern Time (11:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.
Third Quarter 2024 Call Information: |
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Dial-In | 833-470-1428 (U.S.); toll free |
Numbers: | 833-950-0062 (Canada); toll free 929-526-1599 (International) |
Access Code: | 506691 |
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Webcast URL: | www.royalgold.com under Investors, Events & Presentations |
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Corporate Profile
Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of September 30, 2024, the Company owned interests on 175 properties on five continents, including interests on 40 producing mines and 19 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.
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For further information, please contact: | | |
| | |
Alistair Baker | | | |
Senior Vice President, Investor Relations and Business Development |
(303) 573-1660 | | | |
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1 GEOs are calculated as Royal Gold’s revenue divided by the average London PM gold fixing price for the quarter ended September 30, 2024, of $2,474 per ounce.
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Oct. 08, 2024 |
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Royal Gold, Inc.
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DE
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Entity File Number |
001-13357
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Entity Tax Identification Number |
84-0835164
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Entity Address, Address Line One |
1144 15th Street
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Suite 2500
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Denver
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CO
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