Written by Lorimer Wilson

Royal Gold (RGLD) Q4 financials were up across the board resulting in record revenue, net income, cash flow, production and dividends paid out for fiscal 2017.

About Royal Gold

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. The Company owns interests on 194 properties on six continents, including interests on 39 producing mines and 20 development stage projects.

Fiscal Q4 2017 Highlights Compared to Prior Year Quarter:

• Revenue: UP 16% to $109 million
• Net income: $20 million, or $0.31 per share
• Operating cash flow: UP 32% to $65 million
• Volume: UP 16% to 86,700 Gold Equivalent Ounces
• Dividends paid: UP 4% to $16 million
• Repaid: $50 million on revolving credit facility
• Average gold price: $1,257per ozt, in line with the prior year quarter

Fiscal 2017 Highlights Compared to Fiscal 2016:

• Record revenue of $441 million, UP 23%
• Record net income of $102 million, UP 56%
• Cost of sales was approximately $87 million, UP 22.5%
• Record cash flow from operations of $266 million, UP 57%
• Record volume of 350,100 Gold Equivalent Ounces, UP 14%
• Record dividends paid of $61 million, UP 5%
• Repaid $95 million on revolving credit facility
• Average gold price of $1,259ozt, UP 8%

Management Commentary

Tony Jensen, President and CEO, commented in the Company's press release today:

“We experienced a step change in our financial results in fiscal 2017 with increased volume from recent transactions. Our strong cash flow will be focused on new business, further strengthening the balance sheet and return to shareholders.

Looking forward to the next several years, we see New Gold’s Rainy River mine, Barrick’s Cortez Crossroads deposit and Goldcorp’s Pyrite Leach Project at the Peñasquito mine driving further growth and revenue diversification.”