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Royal Gold Provides 2025 Guidance for Sales, DD&A and Effective Tax Rate
Royal Gold (RGLD) announced its 2025 guidance for total stream and royalty sales volume, depletion, depreciation and amortization expense (DD&A), and effective tax rate. Sales volumes are expected to be split approximately 45%/55% between the first and second halves of 2025. The guidance is based on assumptions regarding production forecasts from operating counterparties and publicly available information, with certain adjustments made by Royal Gold's management. Key assumptions include lag times for Mount Milligan deliveries, ramp-up at Pueblo Viejo, and continued deferral of silver deliveries.
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