Royal Gold Announces Publication of the 2024 Editions of the Asset Handbook and Investment Stewardship Report
'Royal Gold has a high-quality and gold-focused portfolio of stream and royalty interests on assets operated by some of the world's leading mining companies, and both of these documents provide detail that allows the market to understand the opportunities and risks within the portfolio,' commented Bill Heissenbuttel, President and CEO. 'Our business is designed to provide investors with low-risk exposure to precious metals revenue and our approach to capital allocation and risk is an important driver of our success. We believe that diligently monitoring and reporting on portfolio assets, and taking a holistic approach to sustainability risks, provides us insights to effectively manage our business while giving shareholders an understanding of how our business may perform over the longer term.'
Asset Handbook
The 2024 Asset Handbook provides a detailed description of the mining assets that underlie Royal Gold's portfolio of stream and royalty interests. This year's handbook introduces production guidance through 2028 for most of our key assets, which is intended to provide the investing community with a consolidated summary of the medium-term production outlook as provided by the operators of those assets. In addition, specific highlights include detailed descriptions of:
The overall attributes of a well-diversified portfolio of over 40 producing interests, which generated record revenue of $719.4 million in 2024, sourced 76% from gold,
Notable developments in 2024, which include new revenue contributions from three new mines, and production increases and resource additions at several other revenue-producing mines,
Performance metrics for each revenue-generating interest, including revenue received and investment recovered to date, and
Developments underway at various assets, which include the potential to add production, resources and mine life.
The 2024 Asset Handbook can be found at: 2024 Asset Handbook
Investment Stewardship Report
The 2024 Investment Stewardship Report provides information regarding our overall risk management practices and includes disclosure relating to the Global Reporting Initiative ('GRI') standards, the United Nations Sustainable Development Goals ('SDGs') and the Task Force on Climate-Related Financial Disclosure ('TCFD'). Specific highlights include:
A detailed discussion of enterprise business risks and our strategies to mitigate those risks,
The achievement of carbon neutrality for the 5 th consecutive year by offsetting 100% of Scope 2 and corporate Scope 3 emissions,
Detailed disclosure including statistics and historical trends with respect to portfolio energy consumption, GHG emissions, water availability, water risk, water consumption and mine site safety,
The first evaluation of biodiversity metrics at our Principal Properties and an initial assessment of tailings management at all assets where information was available,
Detailed disclosure of support and contributions provided in alignment with the SDGs that help address the needs of our local communities and the communities in which our operators are located.
The 2024 Investment Stewardship Report can be found at: 2024 Investment Stewardship Report
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 March 31, 2025, 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.
Forward-Looking Statements: This press release includes 'forward-looking statements' within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like 'will,' 'may,' 'could,' 'should,' 'would,' 'believe,' 'estimate,' 'expect,' 'anticipate,' 'plan,' 'forecast,' 'potential,' 'intend,' 'continue,' 'project,' or negatives of these words or similar expressions. Forward-looking statements include, among others, statements regarding the following: our expected financial performance and outlook; operators' expected operating and financial performance and other anticipated developments relating to their properties and operations, including production, deliveries, estimates of mineral resources and mineral reserves, environmental and feasibility studies, technical reports, mine plans, capital requirements, liquidity, and capital expenditures; and the anticipated benefits of the community support and contributions described in the Investment Stewardship Report. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following: changes in the price of gold, silver, copper or other metals; operating activities or financial performance of properties on which we hold stream or royalty interests, including variations between actual and forecasted performance, operators' ability to complete projects on schedule and as planned, operators' changes to mine plans and mineral reserves and mineral resources (including updated mineral reserve and mineral resource information), liquidity needs, mining and environmental hazards, labor disputes, distribution and supply chain disruptions, permitting and licensing issues, other adverse government or court actions, or operational disruptions; changes of control of properties or operators; contractual issues involving our stream or royalty agreements; the timing of deliveries of metals from operators and our subsequent sales of metal; risks associated with doing business in foreign countries; increased competition for stream and royalty interests; environmental risks, including those caused by climate change; potential cyber-attacks, including ransomware; our ability to identify, finance, value, and complete investments, acquisitions, or other transactions; adverse economic and market conditions; effects of health epidemics and pandemics; changes in laws or regulations governing us, operators or operating properties; changes in management and key employees; and other factors described in our reports filed with the SEC, including our 2024 Form 10-K. Most of these factors are beyond our ability to predict or control. Other unpredictable or unknown factors not discussed in this release could also have material adverse effects on forward-looking statements. Forward-looking statements speak only as of the date on which they are made. We disclaim any obligation to update any forward-looking statements, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
The PNC Financial Services Group (PNC) Down 0.7% Since Last Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for The PNC Financial Services Group, Inc (PNC). Shares have lost about 0.7% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is The PNC Financial Services Group due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for The PNC Financial Services Group, Inc before we dive into how investors and analysts have reacted as of late. PNC Financial Q2 Earnings Beat Estimates on NII & Loan Growth PNC Financial second-quarter 2025 adjusted earnings per share (EPS) of $3.85 surpassed the Zacks Consensus Estimate of $3.56. In the prior-year quarter, the company reported EPS of $3.39. Results were aided by a rise in NII and the loan balance. However, a decline in fee income and an increase in expenses, along with a rise in provision for credit losses, acted as spoilsports. Net income (GAAP basis) was $1.64 billion, which jumped 11.2% from the prior-year quarter. Revenues & Expenses Rise Y/Y Total quarterly revenues were $5.66 billion, up 4.6% year over year. The top line surpassed the Zacks Consensus Estimate by 0.7%. NII was $3.55 billion, which rose 7.7% from the year-ago quarter. The net interest margin (NIM) increased 20 basis points to 2.80%. Non-interest income slightly decreased year over year to $2.1 billion. The decrease was driven by lower residential and commercial mortgage income, along with a decline in other non-interest income. Non-interest expenses totaled $3.38 billion, which rose marginally from the year-ago figure. The efficiency ratio was 60% compared with 62% in the year-ago quarter. A fall in the efficiency ratio reflects increased profitability. Loan and Deposit Balance Rises As of June 30, 2025, total loans were $326.3 billion, which increased 2.3% on a sequential basis. Further, total deposits increased by nearly 1% from the end of the previous quarter to $426.7 billion. Credit Quality: Mixed Bag Non-performing loans fell 15.8% year over year to $2.1 billion. Further, net loan charge-offs were $198 million, which declined 24.4% year over year. The company reported a provision for credit losses of $254 million in the second quarter, which surged 8.1% from the year-earlier quarter. The allowance for credit losses decreased 1.3% to $5.3 billion. Capital Position & Profitability Ratios Improve As of June 30, 2025, the Basel III common equity tier 1 capital ratio was 10.5% compared with 10.2% as of June 30, 2024. Return on average assets and average common shareholders' equity were 1.17% and 12.20%, respectively, compared with 1.05% and 12.16% witnessed in the prior-year quarter. Capital Distribution Activity In the second quarter of 2025, PNC Financial returned $1 billion of capital to shareholders. This included $0.6 billion in common stock dividends and more than $0.3 billion in common share repurchases. Outlook Q3 2025 The company expects average loans to rise 1% from the second quarter's reported figure of $322.8 anticipates NII to rise 3% from the $3.6 billion reported in the second quarter of income is expected to rise 3-4% from the second-quarter 2025 reported figure of $1.9 anticipates total revenues to increase 2-3% from $5.7 billion in the second quarter of non-interest income is projected between $150 million and $200 million compared with the $212 million reported in the second quarter of non-interest expenses are expected to rise 2% from the $3.4 billion reported in the second quarter of charge-offs are estimated to be $2275-$300 million compared with the second-quarter 2025 reported figure of $198 million. 2025 Average loans are expected to rise 1% to $319.8 billion from that reported in is expected to rise 7% from the 2024 reported income (excluding visa gain and securities losses) is projected to rise 4-5% from the $8.1 billion reported in 2024. Management suggests revenues to rise 6% from the $21.6 billion reported in 2024. Adjusted non-interest expenses (excluding FDIC special assessment and PNC foundation contribution expenses) are forecast to rise 1% from the $13.52 billion reported in 2024. The effective tax rate is estimated to be 19%, whereas the company reported 17.8% in 2024. How Have Estimates Been Moving Since Then? Since the earnings release, investors have witnessed a upward trend in estimates revision. VGM Scores Currently, The PNC Financial Services Group has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Following the exact same course, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Outlook Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, The PNC Financial Services Group has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Why FedEx (FDX) Dipped More Than Broader Market Today
FedEx (FDX) closed at $227.26 in the latest trading session, marking a -1.65% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow saw an upswing of 0.08%, while the tech-heavy Nasdaq depreciated by 0.4%. Heading into today, shares of the package delivery company had gained 1.18% over the past month, outpacing the Transportation sector's loss of 1.69% and lagging the S&P 500's gain of 3.25%. The upcoming earnings release of FedEx will be of great interest to investors. On that day, FedEx is projected to report earnings of $3.71 per share, which would represent year-over-year growth of 3.06%. Alongside, our most recent consensus estimate is anticipating revenue of $21.76 billion, indicating a 0.82% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $18.49 per share and a revenue of $89.4 billion, demonstrating changes of +1.65% and +1.68%, respectively, from the preceding year. Investors might also notice recent changes to analyst estimates for FedEx. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, FedEx is carrying a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that FedEx has a Forward P/E ratio of 12.5 right now. This denotes a discount relative to the industry average Forward P/E of 13.57. We can also see that FDX currently has a PEG ratio of 1.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FDX's industry had an average PEG ratio of 1.63 as of yesterday's close. The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 18% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
23 minutes ago
- Yahoo
Why Cisco Systems Stock Slumped Today
Key Points The networking equipment company is hit with a post-earnings analyst recommendation downgrade. A onetime bull now feels the stock rates only a hold for investors. 10 stocks we like better than Cisco Systems › A recommendation downgrade from a global bank was the development pushing down Cisco Systems (NASDAQ: CSCO) stock on Friday. The company's shares absorbed the blow by sinking nearly 5% in price, comparing unfavorably to the relatively modest 0.3% slip of the bellwether S&P 500 index. Reduced to hold Well before market open that day, HSBC prognosticator Stephen Bersey lowered his recommendation on Cisco to hold from his previous buy. His price target on the shares is $69 apiece. Bersey's new take on the tech sector mainstay comes just after the company released its earnings for the fiscal fourth quarter of 2025. According to reports, the analyst expressed disappointment that Cisco didn't perform better during the quarter, given that its key networking segment had just gotten past several quarters of de-stocking. In his view, the company's fairly tepid full-year fiscal 2026 guidance indicates that the effects of de-stocking might already have been playing out. Bersey did wax optimistic about Cisco's take from components required for artificial intelligence (AI) functionalities, but to him this does not sufficiently compensate for weaknesses elsewhere in the business. High expectations Savvy Cisco investors are well aware that the company has been making a concentrated push into AI, which is likely the reason many of them traded out of the stock post-earnings. After all, it did manage to increase revenue and non-GAAP (adjusted) profitability -- the former by 8% year over year, landing at almost $14.7 billion, and the latter by 12% to $4 billion. Both figures were higher, if only a bit, than the consensus analyst estimates. However, any company wading knee-deep in the AI segment is expected to post numbers that are significantly on the upside, and Cisco failed to achieve this. We're not currently in a very forgiving market for tech stocks, and the recent developments with the company reflect this. Should you buy stock in Cisco Systems right now? Before you buy stock in Cisco Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cisco Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 HSBC Holdings is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems. The Motley Fool recommends HSBC Holdings. The Motley Fool has a disclosure policy. Why Cisco Systems Stock Slumped Today was originally published by The Motley Fool Sign in to access your portfolio
