エドガーで原本を確認する
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 9, 2024
ROYAL GOLD, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-13357 |
|
84-0835164 |
(State or other jurisdiction |
|
(Commission |
|
(IRS Employer |
of incorporation) |
|
File Number) |
|
Identification No.) |
|
|
|
1144 15th Street, Suite 2500, Denver, CO |
|
80202-2686 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: 303-573-1660
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: |
|
Trading Symbol |
|
Name of each exchange on which registered: |
Common Stock $0.01 Par Value |
|
RGLD |
|
Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On January 9, 2024, Royal Gold, Inc. (“Royal Gold,” “we,” “our” or “us”) issued a press release with certain information regarding Royal Gold’s stream sales for the quarter ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Current Report”).
The information furnished under Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise stated in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
|
Description |
99.1 |
|
|
104 |
|
Cover Page Interactive Data File (formatted as inline XBRL). |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Royal Gold, Inc. |
||
|
|
||
|
|
|
|
|
|
|
|
Dated: January 17, 2024 |
By: |
/s/ Laura B. Gill |
|
|
|
Name: |
Laura B. Gill |
|
|
Title: |
Vice President, Corporate Secretary and Chief Compliance Officer |
3
EXHIBIT 99.1
Royal Gold Provides Update on its Q4 2023 Stream Segment Sales and Details for Release of Q4 2023 Results
DENVER, COLORADO. January 9, 2024: ROYAL GOLD, INC. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 49,900 gold equivalent ounces (GEOs)1 comprised of approximately 39,100 ounces of gold, 556,300 ounces of silver and 1,100 tonnes of copper related to its streaming agreements during the three-month period ended December 31, 2023 (the “fourth quarter”). The Company had approximately 15,200 ounces of gold and 383,100 ounces of silver in inventory at December 31, 2023.
RGLD Gold AG’s average realized gold, silver and copper prices for the fourth quarter were $1,955 per ounce, $23.18 per ounce and $8,136 per tonne ($3.69 per pound), respectively. Cost of sales was approximately $417 per GEO for the fourth quarter. Cost of sales is specific to the Company’s streaming agreements and is the result of the Company’s purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.
Details for Q4 2023 Results Release
|
Royal Gold’s results for the quarter ended December 31, 2023, will be released after the market closes on Wednesday, February 14, 2024, followed by a conference call on Thursday, February 15, 2024, at 12:00 p.m. Eastern Time (10:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time. Fourth Quarter 2023 Call Information: | |
| |
Dial-In |
833-470-1428 (U.S.); toll free |
Numbers: |
833-950-0062 (Canada); toll free 929-526-1599 (International) |
Access Code: |
565180 |
|
|
Webcast URL: |
www.royalgold.com under Investors, Events & Presentations |
|
|
Corporate Profile
Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of December 31, 2023, the Company owned interests on 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.
For further information, please contact: |
|
|
|
|
|
|
|
Alistair Baker |
|
|
|
Vice President Investor Relations and Business Development |
|
|
|
(720) 554-6995 |
|
|
|
|
|
|
|
|
|
|
|
1 GEOs are calculated as Royal Gold’s revenue divided by the average London PM gold fixing price for the quarter ended December 31, 2023, of $1,971 per ounce.
1