Royal Gold CEO's $3.5B acquisition spree pays off with 45% profit surge
Key Points
- Royal Gold's Q2 net income soared 45%, but revenue fell shor...
Royal Gold just pulled off the financial equivalent of ordering the entire sushi menu and somehow still fitting into your jeans. The precious metals royalty company reported a jaw-dropping 45% increase in net income for Q2, while simultaneously disappointing analysts with revenue that came up $8 million short of expectations. It's like acing the final exam but bombing the pop quiz.
When Gold Glitters But Revenue Flickers
The company's operating cash flow hit a record $152.8 million, up 34.7% from last year, thanks to gold averaging $3,280 per ounce and silver at $33.68. That's the kind o...
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