Royal Gold, Inc. Announces Details on Changes of its Fiscal Year End Date to December 31
December 15, 2021 at 04:23 pm EST
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Royal Gold, Inc. announced additional details with respect to the previously announced change in company's fiscal year end. As previously announced, Royal Gold is transitioning its fiscal year end from June 30 to December 31, effective as of December 31, 2021. This change in fiscal year end will better align Royal Golds reporting and disclosure with that of most of its streaming and royalty counterparties and other companies in the precious metals sector. Important investor considerations for this change include: Royal Gold is currently in a transition period that covers the six months between the end of the previous fiscal year on June 30, 2021, and December 31, 2021; The 10-KT report for the transition period ending December 31, 2021, will be filed within 60 days of the end of the transition period; 10-Q reports for each of the March 31, June 30 and September 30 quarters will be filed within 40 days of the end of each quarter; The 2022 stockholders meeting is expected to be held on May 25, 2022; The Board of Directors expects that any dividend declarations will continue on a quarterly schedule, with the determination of dividend record and payout dates to remain consistent with past practice; Stream segment sales and inventory figures for each quarter are expected to be made available prior to filing quarterly financial results, consistent with past practice; and One-year guidance for total GEO sales, depreciation, depletion and amortization expense, and effective tax rate is expected to be provided during the second calendar quarter of 2022.
Royal Gold, Inc. is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. The Company's segments include Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. The Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any. The Company owns interests on approximately 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects.