Royal Gold Reports Strong Fourth Quarter and Full Year 2023 Operating and Financial Results
For the quarter ended December 31, 2023 (“fourth quarter”), we reported net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million and operating cash flow of $101.1 million.
- For the quarter ended December 31, 2023 (“fourth quarter”), we reported net income of $62.8 million, or $0.95 per share, on revenue of $152.7 million and operating cash flow of $101.1 million.
- Barrick is expecting gold production at the Cortez Complex to be 620,000 to 680,000 ounces in 2024 (100% basis).
- According to Barrick, construction and commissioning activities for the plant expansion were substantially completed by the end of 2023.
- Gold and copper grades are relatively well correlated at Andacollo and gold production tends to track copper production.