- Royalty and stream company Royal Gold yesterday reported net income of $239.0 million for the year ended December 31, 2022 , on revenue of $603.2 million and operating cash flow of $417.3 million. Adjusted net income was $226.1 million.
In 2022, the company recognized total revenue of $603.2 million, which is comprised of stream revenue of $417.8 million and royalty revenue of $185.4 million, compared to total revenue of $653.6 million in 2021, which is comprised of stream revenue of $436.3 million and royalty revenue of $217.3 million.
In 2022, the company recorded net income attributable to Royal Gold stockholders of $239.0 million, or $3.64 per basic share and $3.63 per diluted share, as compared to net income of $274.0 million, or $4.17 per basic and diluted share in 2021. President and CEO Bill Heissenbuttel commented,"Our portfolio performed well in 2022. Despite the expected fall in GEO production, we achieved our GEO guidance and we saw mine life extensions at Mount Milligan and Rainy River, as well as advances at several other projects within the portfolio that are expected to provide further organic growth in the near to medium term.
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