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Royal Gold Inc. is a precious metals royalty company engaged in the acquisition and management of precious metal royalties and similar production-based interests. The company owns interests in 206 properties on six continents, including interests in 39 producing mines and 28 development-stage projects.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Elephant Analytics, Seeking Alpha
"Royal Gold Inc. received good news recently that the Mount Milligan mine was on track for an August 2013 opening. . .the mine is expected to contribute a huge amount to the company's future cash flow and earnings. . .even with a gold price of $1,200/oz, Royal Gold's share of Mount Milligan will generate $100M in annual cash flow. . .the near completion of the mine is a major milestone, with cash flows that will significantly help Royal Gold continue to make deals for many years."
The Gold Report Interview with David Kanagy
"My sense is that there's more interest in greater participation by a greater number of players in the royalty and streaming space because there's opportunity and need for it. . .a few larger ones, including Royal Gold Inc. [has] been successful. They're tapping an opportunity with their expertise, as well as the capital they have available. I think royalties and streaming are going to play a greater part down the road."
Michael Peterson, MLV & Co
"Royal Gold Inc.'s strong balance sheet affords the company a competitive edge in the acquisition of new royalty interests. . .2P resource estimates for the Mt. Milligan project (2.1 Blb Cu and 6 Moz Au)are based on roughly 1,000 drill holes spanning 220,000m. These assessments confirm grade assumptions and also provide the operator with a comprehensive understanding the underlying resource base. The mining risk for this open-pit facility with a strip ratio of less than 1:1 is low."
Cosmos Chiu, CIBC World Markets
"Considering Royal Gold Inc.'s 2013 production outlook for its portfolio of principal royalty interests, we would characterize the group of assets as steady. . .the next sizeable leg up in growth will be supplied through Mt. Milligan, with initial production in Q3 CY/13. . . a new water source was identified for Penasquito that has the potential to supply sufficient water to ramp up the plant to full design capacity. Higher production from Penasquito is expected in H2/13 as mining transitions to higher grades."
Jeff Williams, Seeking Alpha
"One company worth considering is Royal Gold Inc. . .indications reveal that the company has very little risk from a debt point of view. . .it shows no risk of being highly leveraged, or in any financial distress. . .currently, analysts have an $85 price target on the stock with strong growth in earnings moving forward. . .if patience is exercised and the stock price begins to form a bottom and break to the upside, it could prove be an excellent opportunity."
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