Royal Gold (NASDAQ: RGLD) reported Q1 EPS of $0.23, $0.14 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $100 million versus the consensus estimate of $102.95 million.

• Revenue of $100.0 million, a decrease of 11.1%
• Operating cash flow of $44.6 million, a decrease of 37.7%
• Volume of 82,400 GEOs,1 a decrease of 6.4%
• Dividends paid of $16.4 million, an increase of 4.4%
• Average gold price of $1,213 per ounce, a decrease of 5.1%

“As expected, deliveries from Mount Milligan during the first quarter were lower due to the suspension of operations earlier in the calendar year associated with water availability issues,” commented Tony Jensen, President and CEO. “Peñasquito and Pueblo Viejo production were also lower but the operators expect improvements in the December quarter with higher grade ore anticipated.”

“Looking forward to long term value, we made important advancements during the first quarter by resolving the Voisey’s Bay royalty dispute and completing a preliminary economic assessment on the Peak Gold project, and Mount Milligan and Rainy River mill throughputs have recently improved to targeted levels. Our financial position continues to strengthen with over $1.1 billion in capacity to take advantage of new business opportunities.”

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