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Royal Gold (RGLD) Tops Q3 EPS by 5c, Beats on Revenues

May 2, 2018 4:15 PM

Royal Gold (NASDAQ: RGLD) reported Q3 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $116 million versus the consensus estimate of $109.78 million.

Third Quarter Highlights Compared to Prior Year Quarter:

“We delivered another quarter of solid operating performance, which included our first full quarter sales of gold and silver from Rainy River,” commented Tony Jensen, President and CEO. “While a non-cash impairment from Pascua-Lama impacted our reported earnings, we continue to believe that the project presents significant option value for Royal Gold shareholders. In the near term, we look forward to improved production from Rainy River as it continues to mature, as well as growth from the Peñasquito Pyrite Leach Project and Cortez Crossroads, which are both expected to begin production late this calendar year.”

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

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Earnings Guidance Management Comments