Royal Gold
| Company type | Public |
|---|---|
| Nasdaq: RGLD S&P 400 Component | |
| ISIN | US7802871084 |
| Industry | Mining |
| Founded | 1981 |
| Founder | H. Stanley Dempsey |
| Headquarters | Denver, Colorado, USA |
Key people | William Hayes, Chairman of the Board Bill Heissenbuttel, President and CEO Paul Libner, CFO and Treasurer |
| Products | Gold Silver Lead Copper Molybdenum Cobalt Zinc Potash |
| Revenue | $498.82 mil'20[1]17.9% |
| $198.95 mil'20[1]41.4% | |
| $196.3 mil'20[1]120.3% | |
| Total assets | $2.766 bil[1] |
| Total equity | $2.302 bil[1] |
Number of employees | 27[1] |
| Website | www |
Royal Gold is a precious metal streaming management company.
History
In the 1980s, the company was named Royal Resources, Inc., and was an oil-exploration company.[2] In 1986, H. Stanley Dempsey, a board member of the public company, transformed the company into a gold mining company and renamed the company Royal Gold, Inc.[2] Dempsey served as Royal Gold's chief executive officer through 2006, as its executive chairman through 2008, and its non-executive chairman through 2014. Dempsey was inducted into the National Mining Hall of Fame in 2016.[3]
2010 was the year the company experienced the most growth with over a billion of the $1.86 billion in assets it has (September 2010) added during the year. In 2007 it purchased an interest in the Penasquito mine which did not begin producing until 2010.
February 2010 completed the acquisition of another royalty company, IRC which has claims in Chile (Pascua Lama) and Canada (Voisey's Bay). International Royalty Company was quick to accept the $702 million deal from Royal Gold after Franco-Nevada attempted a hostile $640 million takeover.[4]
By the end of the 2020 fiscal year, the company owns interests on 41 producing mines (June 30, 2020).
In July 2022, Royal Gold acquired Great Bear Royalties for $153 million.[5]
Acquisition
July 12, 2022 - Royal Gold, through its subsidiary International Royalty, has agreed to acquire 100% of Great Bear Royalties (GBR) in a transaction valued at around US$153 millions. GBR's main asset is a 2% net smelter return royalty (NSR) that covers the entire Great Bear project and is indirectly owned by Kinross Gold, which acquired GBR last year.[6]
References
- ^ a b c d e f "Royal Gold 2020 Annual Report page 44" (PDF). 2020-08-06.
- ^ a b Whelan, David. "Virtual Gold". Forbes. Retrieved 2020-08-11.
- ^ "Inductee Stanley Dempsey | MiningHallOfFame.org". mininghalloffame.org. Retrieved 2020-08-11.
- ^ "Royal Gold rides to International Royalty's rescue in $749 million cash/share bid". 2009-12-21. Archived from the original on 2011-10-04.
- ^ "Royal Gold acquires Great Bear Royalties for $153 million". MINING.COM. 2022-07-11. Retrieved 2022-07-18.
- ^ "Royal Gold agrees to acquire Great Bear Royalties for $153m". Retrieved 2022-07-21.