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%