Royal Gold reports Q1 adjusted EPS 96c, consensus 99c

Reports Q1 revenue $170.392M, consensus $159.77M. "Our first quarter provided a solid start to 2023," commented Bill Heissenbuttel, President and CEO of Royal Gold. "Steady portfolio performance drove strong revenue and operating cash flow, which allowed us to repay $75 million of our outstanding revolving credit facility balance while enhancing our strong liquidity position. We saw some positive developments from within the portfolio during the quarter," continued Heissenbuttel, "including the receipt of first revenue from King of the Hills, the first full quarter of sustained production at nameplate capacity at Khoemacau, a significant increase in reserves and resources at Xavantina, increases in reserves at Pueblo Viejo and Cortez, and the extension of production through 2044 at Pueblo Viejo. Continued contributions from these and other portfolio assets, combined with the current strong metal price environment, provide us with the financial strength and liquidity to remain competitive in our pursuit of new business opportunities."