Royal Gold Inc., which holds royalty interests in gold producing properties, said Thursday net income for the April through June period jumped 106 percent as new properties began commercial production and a labor dispute ended.
Net income attributable to Royal Gold stockholders was $21.7 million, or 39 cents per basic share, on record royalty revenue of $59.3 million, compared to $10.5 million, or 21 cents per basic share, on royalty revenue of $40.7 million.
"Our cornerstone properties provided substantial revenue as the Peñasquito and Andacollo properties reached commercial production and the Voisey's Bay labor dispute was resolved," said Chief Executive Tony Jensen.
Royal Gold owns royalties on 184 properties on six continents, including royalties on 36 producing mines and 21 development stage projects.
Shares slipped 11 cents to $68.67 in midday trading.