Royal Gold Reports Record Q3 Revenue and Cash Flow Amid Kinross Great Bear Buyback
Royal Gold (RGLD) reported strong third-quarter financial results, highlighted by $465 million in revenue driven by a record volume of 109,000 Gold Equivalent Ounces (GEOs). The company achieved operating cash flow of $344 million, marking its third consecutive quarter of record performance. In a strategic move regarding its royalty portfolio, the company outlined a buyback for the Kinross Great Bear royalty, reducing it to a 1.5% Net Smelter Return (NSR) at an approximate cost of $43 million. Despite this expenditure, Royal Gold maintains a robust liquidity position with a $1.4 billion available revolver.
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