DOCSLIB.ORG

The Leading Precious Metals Royalty Company, Owns and Manages Royalties Primarily on Wednesday, November 5, 2008 Stanley Dempsey Computershare Trust Company, N.A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Leading Precious Metals Royalty Company, Owns and Manages Royalties Primarily on Wednesday, November 5, 2008 Stanley Dempsey Computershare Trust Company, N.A Royal Gold, Inc. Inc. Gold, Royal 2008 Annual Report Th e Leading Precious Metals Royalty Company 2008 Annual Report 2008 Annual Report 1660 Wynkoop Street, Suite 1000 Denver, Colorado 80202-1132 www.royalgold.com Th e Leading Precious Metals Royalty Company CORPORATE PROFILE CORPORATE INFORMATION ANNUAL MEETING OFFICERS TRANSFER AGENT/REGISTRAR Royal Gold, Inc., the leading precious metals royalty company, owns and manages royalties primarily on Wednesday, November 5, 2008 Stanley Dempsey Computershare Trust Company, N.A. precious metals mines, with a focus on gold. Th e Company’s royalty portfolio provides investors with a 9:30 a.m. MST Executive Chairman Mailing addresses: unique opportunity to capture value in the precious metals sector without incurring many of the costs Oxford Hotel, Sage Room and risks associated with mine operations. 1600 Seventeenth Street Tony A. Jensen For standard U.S. postal mail Denver, CO 80202 President and Chief Executive Offi cer Computershare Trust Company, N.A. A royalty is simply a right to receive a percentage of production from a mine. By investing in a royalty, PO Box 43070 Royal Gold buys a percentage of the metal produced from a given property in exchange for a front end BOARD OF DIRECTORS Stefan Wenger Providence, RI 02940-3070 payment, without assuming any responsibility for the actual mining operation. Th us, the Company does not Chief Financial Offi cer and Treasurer Stanley Dempsey have to contribute to the operating and capital costs at the mines. Th is distinction is very important in the For overnight/express delivery: Executive Chairman Computershare Trust Company, N.A. current market environment where the costs to build and operate mines are rising signifi cantly. Moreover, Karen Gross Royal Gold, Inc. Vice President and Corporate Secretary 250 Royall Street Royal Gold maintains upside potential through any exploration successes by the operators, and benefi ts Canton, MA 02021 when new reserves are produced. Tony A. Jensen Bruce C. Kirchhoff Telephone and Fax: Royal Gold owns a large portfolio of producing, development and exploration stage royalties located in some President and Chief Executive Offi cer Vice President and General Counsel Royal Gold, Inc. 1-800-962-4284 (toll free) of the world’s most prolifi c gold regions. Th e Company is guided by the experience of a senior executive William Heissenbuttel (303) 262-0600 (Denver area) management team with expertise in the fi elds of geology, engineering, law and fi nance. With a successful John W. Goth Vice President Corporate Development (303) 262-0700 (fax) business model that generates strong cash fl ow and high margins due to its low cost-structure, Royal Gold Retired Mining Executive Web site: www.computershare.com provides shareholders with a premium precious metals investment in a lower risk vehicle. CORPORATE HEADQUARTERS M. Craig Haase Royal Gold, Inc. STOCK EXCHANGE LISTINGS A Denver-based corporation, Royal Gold is traded on the Nasdaq Global Select Market, under the symbol Retired Mining Executive “RGLD,” and on the Toronto Stock Exchange, under the symbol “RGL.” Management and directors 1660 Wynkoop Street, Suite 1000 Nasdaq Global Select Market benefi cially own about 11% of the shares of Royal Gold. William Hayes Denver, Colorado 80202 (Symbol: RGLD) Retired Mining Executive (303) 573-1660 (phone) Toronto Stock Exchange (303) 595-9385 (fax) (Symbol: RGL) BUSINESS STRATEGY S. Oden Howell, Jr. E-mail: [email protected] President INVESTOR RELATIONS Royal Gold collaborates with mine operators, royalty owners and other business partners to acquire Howell & Howell Contractors WEBSITE Copies of Royal Gold’s Annual royalties and unlock their value. Th e key elements of our business strategy include: Please visit the Company’s website at Report on Form 10-K for the fi scal Merritt E. Marcus 1. Focus on Gold. Royal Gold is a precious metals investment vehicle focused on gold. www.royalgold.com for additional year ended June 30, 2008 are available Former President information about Royal Gold. at no charge. Please direct requests 2. Royalty Business Model. Royal Gold’s lower risk business model is based on acquiring royalty interests Marcus Paint Company and investor relations questions to: in precious metals properties rather than engaging in costly and more complex mining operations. LEGAL COUNSEL James W. Stuckert Karen Gross 3. Growth and Diversifi cation. Royal Gold is determined to add to its broad base of precious metals Senior Executive Hogan & Hartson L.L.P. Vice President and Corporate Secretary royalties through accretive transactions to further reduce risk and provide option value through organic Hilliard, Lyons, Inc. Denver, Colorado (303) 575-6504 growth within the portfolio. E-mail: [email protected] Donald Worth AUDITORS 4. Margin Enhancement. Royal Gold’s unique business model allows the Company to effi ciently grow Ray Ng Personnel: Management Gold of Royal Associates Photography Design Mock Mark Design: Corporate Director PricewaterhouseCoopers LLP SHAREHOLDER INFORMATION royalty revenue without adding signifi cant overhead costs. Denver, Colorado It is important for our shareholders to 5. Financial Flexibility. Royal Gold’s liquidity allows the Company to compete for royalty acquisitions get timely information about Royal Gold. All shareholders are encouraged to visit by means of a purchase, by providing fi nancing, or by entering into a strategic exploration alliance in our website at www.royalgold.com for exchange for a royalty. the latest Company news or to sign up for our e-mail and fax lists. TABLE OF CONTENTS Financial Highlights . 1 BOARD OF DIRECTORS Letter to Shareholders . 2 Seated Left to Right: Map and Property Information . 4 Tony A. Jensen, Stanley Dempsey Standing Left to Right: Property Portfolio . 6 M. Craig Haase, William Hayes, Corporate Responsibility . 16 Donald Worth, S. Oden Howell, Jr., The Gold Market . 16 Merritt E. Marcus, James W. Stuckert, Five-Year Performance Graph . 18 John W. Goth Glossary . 19 Form 10-K . 21 Corporate Information . Inside Back Cover Royal Gold, Inc. 2008 Annual Report Royal Gold, Inc. 2008 Annual Report FINANCIAL HIGHLIGHTS SELECTED FINANCIAL DATA Selected Statements of Operations Data For the Fiscal Years Ended June 30, (Amounts in thousands, except per share data) 2008 2007 2006 2005 2004 Royalty revenue $ 69,393 $ 48,357 $ 28,380 $ 25,302 $ 21,353 Cost of operations 3,819 3,265 2,288 1,847 1,513 General and administrative expense 7,208 5,824 5,022 3,695 2,923 Exploration and business development 4,079 2,493 3,397 1,893 1,392 Depreciation, depletion and amortization 18,364 8,269 4,261 3,205 3,314 Current and deferred tax expense 12,926 9,549 5,101 4,102 3,654 Net income 26,108 19,720 11,350 11,454 8,872 Net income available to common stockholders 21,320 19,720 11,350 11,454 8,872 Basic earnings per share 0.69 0.79 0.50 0.55 0.43 Diluted earnings per share 0.68 0.79 0.49 0.54 0.42 Common dividends declared per share 0.28 0.25 0.22 0.19 0.15 Selected Balance Sheet Data For the Fiscal Years Ended June 30, (Amounts in thousands) 2008 2007 2006 2005 2004 Total assets $ 546,284 $ 356,649 $ 171,765 $ 102,158 $ 93,215 Working capital 204,108 90,995 81,452 53,330 49,460 Royalty interests in mineral properties, net 300,670 215,839 84,590 44,817 40,326 Note payable 15,750 15,750 - - - Other long-term liabilities 504 98 98 97 103 Net deferred tax liabilities 26,034 5,911 6,683 7,426 7,772 ROYALTY REVENUE NET INCOME FREE CASH FLOW1 CALENDAR YEAR DIVIDENDS2 For the Years Ended June 30, For the Years Ended June 30, For the Years Ended June 30, Dollars per Share ($ Millions) ($ Millions) ($ Millions) 1 Th e term “free cash fl ow” is a non-GAAP fi nancial measure. Free Cash Flow is defi ned by the Company as operating income plus depreciation, depletion, depletion and amortization, non-cash charges, and any impairment of mining assets, less minority interest in income of consolidated subsidiary. 2 Dividends are paid on a calendar year basis and do not all correspond with the fi scal year dividend amounts shown above. FORWARDLOOKING STATEMENTS Cautionary “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this report are forward-looking statements that involve risks and uncertainties that could cause actual results to diff er materially from projections or estimates contained herein. Such forward-looking statements include statements regarding investment in a lower risk vehicle, Royal Gold’s business strategy and its performance in the current market environment, price or performance of gold, exposure to upside and option value, future revenue, geographic and political risks, the Barrick royalty acquisition transaction being accretive to per share value, generating immediate revenue, enhancing the pipeline of development and exploration royalties and closing on October 1, 2008, development at the Crossroads deposit, future growth of Royal Gold and the royalty development pipeline, timing of investment in Royal Gold, long-term shareholder value, operator estimated proven and probable reserves, production, production or mine start-up and mill throughput. Factors that could cause actual results to diff er materially from these forward-looking statements include, among others, changes in gold and other metals prices; the performance of our producing royalty properties; unanticipated grade, geological, metallurgical, processing or other problems at the royalty properties; as well as other factors described elsewhere in this report and our report on Form 10-K (See Part I, Item 1A, Risk Factors.) Th e reader is urged to read the Risk Factors in connection with the risks inherent in our forward-looking statements.
Load more

Recommended publications
  • Investor Presentation
    Investor Presentation May 2021 Cautionary Statement Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “believe,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward-looking statements include, among others, the following: statements about our expected financial performance, including revenue, expenses, earnings or cash flow; operators’ expected operating and financial performance, including production, deliveries, mine plans and reserves, development, cash flows and capital expenditures; planned and potential acquisitions or dispositions, including funding schedules and conditions; liquidity, financing and shareholder returns; our overall investment portfolio; macroeconomic and market conditions including the impacts of COVID-19; prices for gold, silver, copper, nickel and other metals; potential impairments; or tax changes. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following:
    [Show full text]
  • Royal Gold Presentation
    Investor Presentation September 2020 THE GOLD STANDARD IN PRECIOUS METAL INVESTING NASDAQ: RGLD 1 Cautionary Statement Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “believe,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward-looking statements include, among others, the following: statements about our expected financial performance, including revenue, expenses, earnings or cash flow; operators’ expected operating and financial performance, including production, deliveries, mine plans and reserves, development, cash flows and capital expenditures; planned and potential acquisitions or dispositions, including funding schedules and conditions; liquidity, financing and dividends; our overall investment portfolio; macroeconomic and market conditions including the impacts of COVID-19; prices for gold, silver, copper, nickel and other metals; potential impairments; or tax changes. Factors that could cause actual results to differ materially from these forward-looking
    [Show full text]
  • Royal Gold, Inc
    Ro y al Gold, Inc. World Class royalty Company 2011 2011 a nnual Rep o 1660 Wynkoop Street, Suite 1000 Denver, Colorado 80202 Rt www.royalgold.com 2011 AnnuAl RepoRt 28881cov.indd 1 9/26/11 3:50 PM World class World class Business Model Board of directors CoRpoRatE pRoFilE Royal Gold, Inc. owns and manages royalties and similar interests primarily Royal Gold owns a large portfolio of producing, development, evaluation on precious metals mines, with a focus on gold. The Company’s portfolio and exploration stage royalties and similar interests located in some of provides investors with a unique opportunity to capture value in the the world’s most prolific gold regions. Through this high quality portfolio, precious metals sector without incurring many of the costs and risks Royal Gold maintains upside potential through any exploration successes associated with mine operations. by the operators and benefits when new reserves are produced. A royalty is simply a right to receive a percentage of production from a The Company is guided by the experience of a senior executive mine. By acquiring a royalty, Royal Gold buys a percentage of the metal management team with expertise in the fields of geology, engineering, law produced from a given property in exchange for an initial payment, and finance. Our successful business model generates strong cash flow without assuming any responsibility for the actual mining operation. and high margins with a lower cost structure, providing shareholders with Another interest similar to a royalty is known as a metal stream. This a premium precious metals investment.
    [Show full text]
  • Royal Gold to Acquire Barrick Gold's Royalty Portfolio 7/31/2008 7:20:00 AM DENVER, July 31 /Prnewswire-Firstcall/ -- ROYAL GOLD, INC
    Royal Gold to Acquire Barrick Gold's Royalty Portfolio 7/31/2008 7:20:00 AM DENVER, July 31 /PRNewswire-FirstCall/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), the leading precious metals royalty company, announced that it has entered into a definitive agreement to acquire a portfolio of royalties from Barrick Gold Corporation ("Barrick") for net cash consideration of $150 million and a restructuring of certain Royal Gold royalty positions at Barrick's Cortez Pipeline Mining Complex ("Cortez") in Nevada. The restructuring of these royalty positions will reduce the royalty burden on the undeveloped Crossroads deposit at Cortez while having only a minimal impact on Royal Gold's royalty revenue from the current production. The Barrick portfolio consists of royalties on 77 properties, including eight producing royalties, 20 development and evaluation stage properties, and 49 exploration projects. Over 75% of the portfolio consists of precious metals royalties. The purchase price for the acquisition will be paid from cash on hand. Royalty revenue generated from the Barrick portfolio in calendar 2007 was approximately $12 million. Revenues are expected to grow, assuming current commodity prices, as development stage projects commence production. The transaction is expected to be immediately accretive on all key financial measures. This royalty package complements Royal Gold's existing geographical royalty positions with significant growth into Canada and Australia. Terms of the Transaction Currently, Royal Gold holds four gold royalty interests at Cortez, consisting of two sliding-scale gross smelter return ("GSR") royalties ("GSR1 and GSR2"), a fixed rate GSR royalty ("GSR3") and a net value return royalty ("NVR1").
    [Show full text]
  • Wheaton Precious Metals' Form 40-F and Wheaton Precious Metals' Form 6-K Filed March 31, 2017, Both on File with the U.S
    THE HIGH MARGIN PRECIOUS METALS COMPANY May 2018 CAUTIONARY STATEMENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in this Presentation contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of Canadian securities legislation. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are strongly cautioned to carefully review the cautionary notes to this Presentation starting on page 53 and in particular: Note 1 at the end of this Presentation contains our cautionary note regarding forward-looking statements and sets out the material assumptions and risk factors that could cause actual results to differ, including, but not limited to, fluctuations in the price of commodities, the outcome of the challenge by the CRA of Wheaton Precious Metal’s tax filings, the absence of control over mining operations from which Wheaton Precious Metal purchases silver or gold, and risks related to such mining operations and continued operation of Wheaton Precious Metal’s Counterparties. Readers should also consider the section entitled “Description of the Business – Risk Factors” in Wheaton Precious Metal’s Annual Information Form and the risks identified under “Risks and Uncertainties” in Management's Discussion and Analysis for the period ended December 31, 2016, both available on SEDAR and in Wheaton Precious Metals' Form 40-F and Wheaton Precious Metals' Form 6-K filed March 31, 2017, both on file with the U.S.
    [Show full text]
  • Franco-Nevada Corp
    Franco-Nevada Corp. (FNV-T: C$43.35) November 21, 2013 Chris Lichtenheldt, CFA / (647) 253-1128 [email protected] BUY, Medium Risk Scott Morrison / (416) 350-3392 Dundee target: C$50.00 [email protected] Premium performance comes with a premium price Recommendation New Last Gold-focused royalty and streaming company… Rating: BUY - Target: C$50.00 - Risk: Medium - Franco-Nevada (“Franco”) is a gold-focused royalty and streaming company listed 2013 EPS 0.95 - on the TSX and NYSE under "FNV", with a market capitalization of $6.1 billion. 2014 EPS 0.94 - Company Data Franco has a portfolio of 369 royalty and streaming agreements, including both Price (11/20/13): C$43.35 producing and non-producing mineral and oil & gas assets, and an industry- 52-Week Range: C$33.05-58.67 Market Capitalization ($MM): US$6,092 leading balance sheet with Q3 2013 working capital of $891MM and no debt. Enterprise Value ($MM): US$5,302 Shares Outstanding - Basic (MM): 146.9 We view Franco’s portfolio as high-quality, with revenue derived from assets Shares Outstanding - Diluted (MM): 157.7 2013E Dividend Yield: 1.7% carrying an average cash operating margin of 35% during Q3 2013, and with 94% Avg Daily Volume (3 Mos) (000s): 811 of Franco’s revenue derived from assets with a cash operating margin of more Cash ($MM): US$790 Debt ($MM): US$0 than 20% (Dundee estimates). Furthermore, we forecast 2013 gold equivalent Working Capital ($MM): US$891 production of 228kozs could grow by +40% to 328kozs in 2017.
    [Show full text]
  • Investor Presentation
    Investor Presentation June 2021 Cautionary Statement Cautionary “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like “will,” “may,” “could,” “should,” “would,” “believe,” “estimate,” “expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,” “continue,” “project,” or negatives of these words or similar expressions. Forward-looking statements include, among others, the following: statements about our expected financial performance, including revenue, expenses, earnings or cash flow; operators’ expected operating and financial performance, including production, deliveries, mine plans and reserves, development, cash flows and capital expenditures; planned and potential acquisitions or dispositions, including funding schedules and conditions; liquidity, financing and shareholder returns; our overall investment portfolio; macroeconomic and market conditions including the impacts of COVID-19; prices for gold, silver, copper, nickel and other metals; potential impairments; or tax changes. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the following:
    [Show full text]
  • Royal Gold Inc
    ROYAL GOLD INC FORM 10-K (Annual Report) Filed 08/18/11 for the Period Ending 06/30/11 Address 1660 WYNKOOP STREET SUITE 1000 DENVER, CO 80202-1132 Telephone 3035731660 CIK 0000085535 Symbol RGLD SIC Code 6795 - Mineral Royalty Traders Industry Gold & Silver Sector Basic Materials Fiscal Year 06/30 http://www.edgar-online.com © Copyright 2012, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. Use these links to rapidly review the document TABLE OF CONTENTS ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2011 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-13357 Royal Gold, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-0835164 (State or Other Jurisdiction (I.R.S. Employer of Incorporation or Organization) Identification No.) 1660 Wynkoop Street, Suite 1000 Denver, Colorado 80202 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (303) 573-1660 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common stock, $0.01 par value NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Royal Gold Inc
    ROYAL GOLD INC FORM 8-K (Current report filing) Filed 05/02/13 for the Period Ending 05/02/13 Address 1660 WYNKOOP STREET SUITE 1000 DENVER, CO 80202-1132 Telephone 3035731660 CIK 0000085535 Symbol RGLD SIC Code 6795 - Mineral Royalty Traders Industry Gold & Silver Sector Basic Materials Fiscal Year 06/30 http://www.edgar-online.com © Copyright 2015, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. 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) May 2, 2013 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.) 1660 Wynkoop Street, Suite 1000, Denver, CO 80202 -1132 (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)) Item 2.02 Results of Operation and Financial Condition On May 2, 2013, Royal Gold, Inc.
    [Show full text]
  • Royal Gold, Inc
    Use these links to rapidly review the document TABLE OF CONTENTS FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA PART IV Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2014 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 001-13357 Royal Gold, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84 -0835164 (State or Other Jurisdiction (I.R.S. Employer of Incorporation or Organization) Identification No.) 1660 Wynkoop Street, Suite 1000 Denver, Colorado 80202 (Address of Principal Executive Offices) (Zip Code) (303) 573-1660 Registrant's telephone number, including area code: Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common stock, $0.01 par value NASDAQ Global Select Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Royalgoldar19 Edits-New Pagination V6.Indd
    DISCIPLINED SUCCESSFUL STRATEGY RESULTS ANNUAL REPORT 2019 ROYAL GOLD, INC. GOLD, ROYAL 2019 ANNUAL REPORT ANNUAL 2019 1660 WYNKOOP STREET, SUITE 1000 DENVER, COLORADO 80202 WWW.ROYALGOLD.COM TABLE OF CONTENTS BOARD OF DIRECTORS 1 Letter to Shareholders 24 Corporate Responsibility 4 Letter from the Chairman 26 Total Return to Shareholders 5 Key Elements of Our Business Strategy 27 Forward Looking Statements 6 Selected Financial Data 28 Glossary 7 Financial Highlights 29 Form 10-K 8 Portfolio Map Last Page of 10-K Corporate Information 10 Principal Producing Properties Inside Back Cover 18 Property Tables Board of Directors/Management 22 Property Table Footnotes Left to right: Christopher M.T. Thompson, William M. Hayes, Jamie C. Sokalsky, Tony A. Jensen, Ronald J. Vance, Sybil E. Veenman, C. Kevin McArthur CORPORATE PROFILE MANAGEMENT Royal Gold, Inc. acquires and manages precious metal Royal Gold owns a large portfolio of producing, streams and royalty interests, with a primary focus on gold. development, evaluation and exploration stage The Company’s portfolio provides investors with a unique royalties and streams located in some of the world’s most opportunity to capture value in the precious metals sector prolifi c gold regions. Approximately 91% of our reserves without incurring many of the costs and risks associated and 87% of Royal Gold’s fiscal 2019 revenue was with mine operations. derived from North America, the Dominican Republic and Chile. Precious metal streams are purchase agreements with mine operators that provide, in exchange for a lump Gold attributed approximately 78% of Royal Gold’s total sum advance payment, the right to purchase all or a revenue in fi scal 2019, while precious metals attributed portion of one or more metals produced from a mine, approximately 87% of Royal Gold’s total revenue in Tony A.
    [Show full text]
  • A Gold Focused Royalty Company
    A Gold Focused Royalty Company June 2010 1 Cautionary Statement Forward-Looking Statements This Presentation contains "forward-looking statements", which may include but are not limited to, statements with respect to future events or future performance, management's expectations regarding Franco-Nevada’s growth, results of operations, estimated future revenues, costs and timing of acquiring new royalties, equity and other resource related interests, requirements for additional capital, mineral reserve and resources estimates, production costs and revenue, future demand for and prices of commodities, expected mining sequences, business prospects and opportunities. All statements, other than statements of historical fact, are forward-looking statements. In addition, the words "expects", ”expected”, “estimated” and similar expressions identify forward-looking statements. The forward-looking statements contained in this Presentation are based upon assumptions management believes to be reasonable, including, without limitation, the ongoing operation of the properties by the owners or operators of such properties in a manner consistent with past practice, the accuracy of public statements and disclosures made by the owners or operators of such underlying properties, no material adverse change in the market price of the commodities, and any other factors that cause actions, events or results to differ from those anticipated, estimated or intended. However, there can benoassurancetha t fdforward-lkilooking stttatemen tswill prove to beaccurate, as actltual resultsand ftfuture eventscould differ matillterially from those anticipated in such statements. Franco-Nevada cannot assure investors that actual results will be consistent with these forward-looking statements and readers are cautioned that forward-looking statements are not guarantees of future performance. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.
    [Show full text]