Royal Gold reports Q3 adjusted EPS $2.06, consensus $2.16

Reports Q3 revenue $252.1M, consensus $260.03M. The company said, “Our portfolio performed very well and allowed us to take full advantage of the materially higher gold and silver prices in the quarter, and the record gold price directly benefited our results. In addition to the strong financial performance, over the last few months we have significantly enhanced the scale, duration and diversification of our portfolio. Our underlying business continues to produce excellent results, we have seen meaningful value additions from the Mount Milligan mine life extension and Fourmile exploration success, we have acquired the large and long life Kansanshi stream, and have added further scale, diversification and growth with the Sandstorm and Horizon portfolios. We will work hard over the coming months to ensure that the market understands and appreciates the cash flow, growth potential and gold leverage of our expanded business.”