Royal Gold, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net income attributable to the company stockholders of $6.5 million, or $0.10 per basic and diluted share on royalty revenue of $74.2 million against net income attributable to the company's stockholders of $26.0 million, or $0.44 per basic and diluted share, on royalty revenue of $69.6 million for the third quarter of fiscal 2012. Operating income was $42.932 million against $42.893 million a year ago. Income before income taxes was $25.183 million against $41.817 million a year ago. Acquisition of royalty interests in mineral properties was $62.049 million against $45.480 million a year ago. Adjusted EBITDA was $66.1 million against $63.6 million a year ago. Results for the quarter were impacted a non-cash loss was recognized on available-for-sale securities of $12.1 million associated with the common shares of Seabridge Gold, Inc. and a higher income tax expense of $6.9 million was recognized during the quarter related to adjustments resulting from the filing of the company's June 30, 2012 income tax return. The after tax effect of the securities loss and tax adjustments on basic earnings per share was $0.17 and $0.10, respectively. Cash flow from operations was $68.1 million, or $1.05 per basic share, compared with $47.5 million, or $0.81 basic per share, for the third quarter of fiscal 2012. The 7% increase in revenue for the quarter was largely driven by increased production at Andacollo and Holt, and the continued ramp up at Wolverine. These increases were partially offset during the period by production declines at Peñasquito and Voisey's Bay, as well as lower gold and other metal prices. For the nine months, the company reported royalty revenue of $231.9 million and net income attributable to the company's stockholders was $58.5 million, or $0.93 per basic and diluted share against royalty revenue of $202.9 million and net income attributable to the company's stockholders of $71.9 million, or $1.27 per basic share and $0.26 per diluted share, for the nine-month period ended March 31, 2012. The after tax effect of the securities loss and tax adjustments (described above) on net income attributable to the company's stockholders for the nine-month period ended March 31, 2013, was $12.1 million, or $0.17 per basic share, and $6.9 million, or $0.11 per basic share, respectively. Operating income was $141.578 million against $119.780 million a year ago. Income before income taxes was $110.811 million against $118.639 million a year ago. Net cash provided by operating activities was $132.513 million compared with $122.902 million for the third quarter of fiscal 2012. Acquisition of royalty interests in mineral properties was $277.081 million against $193.662 million a year ago. Adjusted EBITDA was $210.518 million against $183.315 million a year ago. For fiscal 2013, the company expects effective tax rate will be in the range of 44% to 46%.

Royal Gold, Inc. announced the appointment of Karli Anderson as Vice President, Investor Relations. Ms. Anderson brings over 15 years' progressive experience in finance, investor relations and capital markets to Royal Gold. She will join the Company from Newmont Mining Corporation, where she serves as Senior Director, Investor Relations. Previously, Beginning her new role with Royal Gold on May 15, Ms. Anderson will be responsible for directing the strategic planning, on-going development and coordination of all investor relation activities and external communications for the Company, with a secondary set of responsibilities related to establishing and maintaining human resource policies and compensation programs. After a period of transition, Ms. Anderson will succeed Vice President and Corporate Secretary Karen Gross, who has led Royal Gold's investor relations function since 1987 and informed the company of her retirement which will now become effective on July 1, 2013. Ms. Gross' corporate secretarial duties will be assumed by the company's current Vice President and General Counsel. The company also announced the appointment of Jason Hynes as Director, Business Development and Global Sales, a new position that will be located in Zug, Switzerland. Mr. Hynes joins the company from Sabina Gold & Silver Corp. where he serves as Vice President, Corporate Development. In addition to business development skills, he also brings over seven years of experience assisting mining companies in investment banking with National Bank Financial's Mergers & Acquisitions and Global Mining & Metals groups in Toronto and Vancouver where he was most recently a Director, Global Mining & Metals. Beginning his new role with Royal Gold on July 8, Mr. Hynes will be responsible for global metal purchase and sale agreements for RGLD Gold AG, a subsidiary company of Royal Gold. He will also assist Bill Heissenbuttel, Vice President Corporate Development, in expanding business development activities and in establishing and maintaining professional corporate relationships overseas.

Royal Gold, Inc., Q3 2013 Earnings Call, May 02, 2013