Royal Gold (RGLD)
BoaML 18th Annual Canada Mining Conference
September 06, 2012 08:50 AM ET
Bill Heissenbuttel - VP, Corporate Development
Previous Statements by RGLD
» Royal Gold's CEO Discusses Q2 2012 Results - Earnings Transcript
» Royal Gold's Management Presents at Bank of America Merrill Lynch Global Metals, Mining & Steel Conference (Transcript)
» Royal Gold's CEO Discusses F3Q2012 Results - Earnings Call Transcript
Good afternoon ladies and gentlemen. I'd like to thank Bank of America Merrill Lynch for the opportunity to present this afternoon. I will be making forward-looking statements so I must ask you to familiarize yourself for the safe harbor statement. And as this is our really our first investor presentation after our June fiscal year end, I'd like to give you a summary both of financial results and some of the other events that marked our year. Our revenues were up 21% as higher gold prices and greater contributions from Andacollo, Penasquito and Holt offset lower base metal prices and production declines at Cortez and Leeville. Our adjusted EBITDA which is just EBITDA adjusted for non-cash stock compensation was $238 million for 25% increase. And as a royalty company, we've been able to maintain our attractive high margin business model with over 90% of revenue reporting as adjusted EBITDA. From a geographical perspective, our revenues will drive from safe political jurisdictions such as Canada, Chile and the US. We saw an increase in reserves subject to our royalty interest even though higher cost has started to impact reserve calculations in the industry.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV