Record Revenue and Financial Performance
Royal Gold achieved record revenue, operating cash flow, and earnings for both the annual and quarterly periods in 2024. Full-year revenue was $719 million, operating cash flow was $530 million, and net income was $332 million, representing increases of 19%, 27%, and 39% respectively over 2023.
Strong EBITDA Margin
The company reported an adjusted EBITDA margin of over 81% for the year, with the fourth quarter reaching almost 84%.
Significant Dividend Increase
Royal Gold paid over $105 million in dividends and raised its annual dividend to $1.80 per share for 2025, marking the 24th consecutive annual dividend increase.
Debt-Free Status and Strong Liquidity
The company repaid its revolving credit facility and ended the year with no debt and approximately $1.2 billion of available liquidity.
Positive Developments in Key Projects
New revenue was generated from MarRosa, Manchow, and Cote gold mines, with new agreements and royalties added for other promising projects.