M&A - ROYAL GOLD INC

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: New

Accession Number: 000008553525000083

Filing Summary: Royal Gold, Inc. reported its financial results for the period ended March 31, 2025, highlighting significant operational and financial metrics. The company recorded revenue of $193,436,000, a substantial increase from $148,902,000 in the same quarter the previous year. Operating income stood at $123,111,000, leading to a net income of $113,498,000 attributable to common stockholders. Additionally, the quarterly report presented Royal Gold's total assets of $3,458,318,000, up from $3,392,130,000, and total liabilities decreased from $260,924,000 to $243,172,000. A notable acquisition of an additional precious metals purchase agreement was completed with Ero Gold Corporation, valued at $50 million, aimed at expanding the company’s portfolio of stream and royalty interests related to the Xavantina mine. This expansion is expected to bolster the gold deliveries under existing agreements, demonstrating a strategic move in Royal Gold's growth plan.