Royal Gold Provides 2024 Guidance; Sees Total Sales Of Gold 215,000–230,000 Oz, Silver 3.2M–3.8M Oz, Copper 14M–16M Lb, Other Metals $17M–$20M, DD&A $141M–157M, Effective Tax Rate 17%–22%
Portfolio Pulse from Benzinga Newsdesk
Royal Gold, Inc. (RGLD) announced its 2024 guidance, expecting total sales of gold between 215,000–230,000 oz, silver 3.2M–3.8M oz, copper 14M–16M lb, and other metals generating $17M–$20M. The company anticipates DD&A to be $141M–$157M with an effective tax rate of 17%–22%. Key assumptions include normal-course lag in metal deliveries, deferral of silver deliveries from Pueblo Viejo, and impacts from various mining operations. Royal Gold also completed repayments totaling $125 million on its revolving credit facility, reducing the outstanding amount to $125 million.
April 17, 2024 | 1:17 pm
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POSITIVE IMPACT
Royal Gold provides optimistic 2024 guidance with significant sales volumes across gold, silver, and copper, and a strategic reduction in debt through repayments.
The detailed 2024 guidance by Royal Gold, including expected sales volumes and financial strategies such as debt repayment, indicates a positive outlook for the company. The repayment of $125 million on its revolving credit facility demonstrates financial strength and may positively influence investor sentiment. The guidance on sales volumes and effective tax rate further supports a positive short-term impact on RGLD's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100