This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Royal Gold CEO At BoaML 18th Annual Canada Mining Conference (Transcript)

Also during our fiscal year, gold accounted for 68% of our revenue and total precious metal revenue was 74% and of the non-precious metal revenue Voisey’s Bay accounted for more than half of that figure. Our gold will always be to increase precious metal base revenue and with the revenue expected to be generated by Pascua and Mt. Milligan over the next few years. We should see gold price revenue continue to move up.

I mentioned the political jurisdictions from which we generate revenue, Chile and Canada account for almost half of our revenue with Mexico in the US accounting for another 38%. And if we adding Pascua and Mt. Milligan to the total, this will also increase the contribution from our top two host countries and further enhance the political risk profile of our revenue stream.

The industry wide we're hearing about cost pressures both from an operating and a capital perspective, you’ve seen it in our own portfolio at Pascua and Mt. Milligan and then at a recent (inaudible) presentation showed that almost 85% of what they called mega projects have seen cost overruns of some scope.

Now we don't have direct exposure to these over runs in terms of the investment returns obviously except with respect to delays, nor do we need to allocate resources to address these issues. In fact, one might say investing in a royalty or streaming company can offer a hedge against higher capital cost and since the cost over runs can create an opportunity for us to invest.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs