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Royal Gold (RGLD) Tops Q3 EPS by 9c; Record Volume

April 30, 2015 10:18 AM

After the close, Royal Gold (NASDAQ: RGLD) reported Q3 EPS of $0.38, $0.09 better than the analyst estimate of $0.29. Revenue for the quarter came in at $74.1 million versus the consensus estimate of $78.05 million.

The company reported record volume of 60,823 Gold Equivalent Ounces (“GEO’s”), up 36%.

The average gold price was $1,218 per ounce for the third quarter, down 6% from $1,293 per ounce in the year ago quarter.

Tony Jensen, President and CEO, commented, “Our record volume and robust cash flow reflect the quality of our portfolio. We observed production gains from many properties in our third quarter, which more than offset the lower gold price. Looking forward to the remainder of calendar 2015, we anticipate strengthening production at Peñasquito, the continued ramp-up at Mount Milligan, and the startup of production at Phoenix as sources of future volume growth.”

For earnings history and earnings-related data on Royal Gold (RGLD) click here.

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