Royal Gold (NASDAQ: RGLD) reported Q1 EPS of $0.82, $0.04 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $146.9 million versus the consensus estimate of $148.91 million.

First Quarter Key Metrics Compared to Prior Year Quarter:

• Record revenue of $146.9 million, an increase of 23.7%
• Operating cash flow of $94.2 million, an increase of 32.2%
• Volume of 76,900 GEOs2, a decrease of 4.6%
• Dividends paid of $18.4 million, an increase of 5.7%
• Average price of $1,909 per gold ounce, an increase of 29.7%

“Consistent performance from across our operating portfolio combined with strong metal prices led to record revenue this quarter,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “We also strengthened our balance sheet and counterparty relationships with the completion of two strategically significant transactions during the quarter. First, we divested our interests in the Peak Gold Project for meaningful cash and royalty consideration, bringing in an experienced operator to advance the project and thereby our remaining royalty interests. Second, while preserving the value to Royal Gold, we helped facilitate Golden Star’s sale of the Prestea and Bogoso mines by splitting out those assets from our stream interest on the Wassa mine. This transaction places each of the Wassa mine and the Prestea and Bogoso mines in the hands of counterparties with singular focus on the success of those operations. We welcome Kinross Gold Corporation as the new operator at the Peak Gold Project, and Future Global Resources Ltd. as the new operator at the Prestea and Bogoso mines, and we look forward to seeing them realize the full potential of these assets.”

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