Gold Royalty reported record Q1 2026 revenue of US$7.2 million and net income of US$1.8 million, along with a larger undrawn credit facility and a reaffirmed multi-year production outlook. In Q2 2026, revenue was US$6.7 million with net income of US$1.8 million, versus US$3.8 million in revenue and a US$0.8 million loss a year earlier, and net margin moved from a loss-making 21.7% to a positive 26.5%. Even so, the shares fell from US$4.04 at the start of the year to US$2.83, leaving investors who held since then down 30.6% including dividends. At the start of the year, the bullish view put fair value at US$6.03 and the bearish view at US$3.25, and the article says the key question is whether royalty cash flows can grow sustainably enough to outweigh dilution, acquisition costs and gold price swings.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Alkane Resources - Quarterly Report - September 2026
Alkane Resources' quarterly report for the September 2026 quarter (Q1 FY27) shows gold-equivalent production of 40,740 AuEq oz at an AISC of $2,805/AuEq oz, with mine operating cash flow of $102 million and gold-equivalent sales of 38,348 oz generating $206 million in revenue at an average gold price of $5,128/oz. The company reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce. Cash, bullion and listed investments totalled $459 million after $13 million in income tax payments, with final FY26 income tax payments of $55-60 million expected in the December quarter. Alkane paid its maiden fully franked dividend of 2 cents per share and approved a $50 million buyback in September 2026. CEO Nic Earner said AISC came in below the full-year cost guidance range.
- Alkane Resources - Quarterly Report - September 2026
Alkane Resources reported gold-equivalent production of 40,740 AuEq oz for the September 2026 quarter (Q1 FY27) at an AISC of $2,805/AuEq oz, below its full-year cost guidance range. Sales of 38,348 ounces brought in revenue of $206 million at an average gold price of $5,128/oz, and mine operating cash flow was $102 million. The company closed the quarter with $440 million in cash and bullion, or $459 million including listed investments, after paying its maiden fully franked dividend of 2 cents per share. It reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce, expects FY26 final income tax payments of $55-60 million in the December quarter, and approved a $50 million buyback in September 2026.
- September 2026 Quarterly Results
Westgold Resources (ASX/TSX: WGX) reported Q1 FY27 results for the quarter to 30 September 2026, with gold production of 98.4koz at an AISC of A$2,912/oz, versus 98.9koz at A$2,802/oz in Q4 FY26, and no lost time injuries. Cash, bullion and liquid investments rose A$101M to A$1,040M, with mine operating cash flow of A$292M and an underlying Treasury build of A$251M; the company remains debt-free and unhedged. Group Ore Reserves increased 41% to 4.1Moz, and A$22M of shares were bought back during the quarter under a A$50M FY27 program. A revised policy sets a minimum annual return of 3 cents per share, including a 2 cent fully franked dividend. Westgold remains on track for FY27 guidance of 385–425koz and targets around 500koz by FY29.
- September 2026 Quarterly Results
Westgold Resources (ASX: WGX) reported Q1 FY27 gold production of 98.4koz at an AISC of A$2,912/oz, while mine ore stockpiles rose 51% to 696kt to support continuity through maintenance and wet weather. The AISC margin reached A$3,117/oz, with mine operating cash flow of A$292M and Treasury up A$101M to A$1,040M, and the company remains debt free and fully unhedged. Group Ore Reserves rose 41% to 4.1Moz, and Westgold remains on track for FY27 guidance of 385–425koz. Total capital returns in FY26 were A$122M, including A$95M in dividends and A$27M in buy-backs; A$22M of shares were bought back in Q1 under a A$50M program, and a new policy sets a minimum annual return of 3 cents per share.
- Harmony Gold’s 2027 Outlook: Record $1 Billion in Free Cash Flow and a Dividend That Nearly Quintupled
Harmony Gold (HMY) has a Superscore of 77 out of 100, placing it in the Strong band, with shares at $15.83 after falling about 3% over the past year. For fiscal 2026, revenue rose 34% to R99.2 billion, net profit more than doubled, and adjusted free cash flow reached roughly $1 billion, while the final dividend was raised from 155 to 750 South African cents. Much of the cash is going into copper, including the CSA mine, which produced 18,207 tonnes in its first year under Harmony, and the Eva Copper project under construction, with copper reserves up 71% to 4 million tonnes. The article also flags risks such as fatal safety incidents in South Africa, all-in sustaining costs of $2,195 per ounce, and political and regulatory exposure in South Africa and Papua New Guinea.
- Alkane Resources Limited : Alkane Resources - Quarterly Report
Alkane Resources produced 40,740 gold-equivalent ounces in the first quarter of FY27 at an AISC of $2,805 per AuEq oz. Revenue was $206 million from sales of 38,348 ounces at an average gold price of $5,128/oz, down from $257 million in Q4 FY26. Mine operating cash flow was $102 million, and cash and bullion stood at $440 million ($459 million including listed investments) after $13 million of income tax payments. The company paid its maiden fully franked dividend of 2 cents per share, and its board approved a $50 million buyback in September 2026. It reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce, and expects final FY26 income tax payments of $55-60 million in the December quarter.
Related markets
Latest news
- Seven Answers to One Question: Who Decides Whether Your Agent Can Pay?
The article argues that control over whether an AI agent can make payments has moved upstream into authorization artifacts such as contracts, directory registrations and tokens, which whoever owns them can meter, gate or revoke. Between October 13 and 16, 2026, JPMorgan Chase, Bank of America, Citi, Schwab and Wells Fargo moved to restrict agents, with four hard blocks and one contract rewrite; Schwab says it blocks agents “in the tens and twenties” each week. Wells Fargo's Online Access Agreement, effective November 24, 2026, deems agent-initiated instructions and transactions authorized by the customer in advance and disclaims any duty to monitor agent activity. By contrast, a Visa, BILL and Billtrust pilot launched on October 20, 2026 executes only payments already approved by the buyer, with registered agents authenticating through Visa's Trusted Agent Protocol and Agentic Directory.
- Draft Housing Law (amended): Tightening conditions for transferring social housing
The Government's draft amended Housing Law tightens rules on reselling social housing after 5 years to prevent policy exploitation. Under the draft, once the full purchase price is paid and 5 years have passed, owners may resell social housing only to people eligible for social housing support, whereas the current law allows market-based transfers with no restriction on buyers. For rent-to-own social housing, a tenant who no longer needs the unit may have to terminate the contract and return the home, rather than transfer it freely as under current rules. Sales, rent-to-own and lease transactions for social housing would also need to be recorded in the national housing and real estate market information and database system.
- Latvia targets tokenization rules in 2027 with commercial property in focus
Economics Minister Viktors Valainis says rules for tokenizing real-world assets could arrive in the first half of 2027, with commercial property a possible starting point and government bonds on the priority list. A legal assessment due October 1 is still ongoing, and the work is expected to stay on the agenda of the next government, as Valainis's party won no seats in this month's election and Latvia forms a new administration. He stresses that anti-money-laundering risks must be understood and managed before new rules are introduced, and says about 40 companies are seeking licenses under the EU's MiCA framework. He also reiterates personal support for a small national bitcoin reserve, though no approved proposal or purchase timetable has been identified.
- Here are 4 big things we're watching in the stock market this week
This week brings the busiest stretch of third-quarter earnings season, along with a Federal Reserve policy meeting and fresh inflation data, while the AI trade, the engine of the full-year bull market, continues to lose steam. The midterm elections are less than 10 days away, and Middle East headlines keep oil prices elevated. Among the 11 Club names reporting this week, Boeing has a consensus revenue estimate of $23.8 billion and a loss of 21 cents per share, with third-quarter free cash flow expected at $330 million after a $700 million payment to the Justice Department. Azure is the key metric for Microsoft, and investors will also start getting an exact quarterly revenue figure rather than just a growth rate; its cloud backlog stood at $678 billion at the end of June, up 84%. FedEx reports a four-month period from June to September as it shifts to a January-to-December fiscal year, while Eli Lilly must deliver another beat-and-raise quarter to sustain its stock momentum.
- Could Stabilising Bond Yields Support Equities Through Year-End? JPMorgan Sees Scope for Recovery
JPMorgan strategists, led by Mislav Matejka, say the rise in government bond yields this year may be nearing its limit, which could ease pressure on global equities through the final months of 2026. They note yields had become extended and bond markets showed signs of being oversold. During the peak of the yield increase, forward price-to-earnings ratios fell by about three points for the MSCI All-Country World Index and the S&P 500, and by about two points in Europe. The bank believes changes in US monetary policy expectations already explain most of this year's rise in 10-year Treasury yields, and it sees inflation expectations as relatively contained, even though recent US inflation readings beat expectations. It does not expect AI-related debt issuance to crowd out sovereign bond demand, but still flags France as a risk requiring monitoring, citing key differences from the 2010–2012 eurozone debt crisis.
- Can ‘Reddit Max’ Save RDDT From Slower Growth Guidance on Oct. 29?
Reddit reports third-quarter results on October 29, with shares down 37.25% year to date and down 7.61% over the past week to $144.25. Last quarter, EPS came in at $1.25 against a $0.9673 consensus, and revenue rose 61% to $805 million. Management guided Q3 revenue to $860 million–$870 million, or 47%–49% growth, while the revenue consensus sits above the top of that range. Reddit Max is seen as a key factor, with advertisers using Max up over 60% from Q1 and Max revenue up over 150%, though U.S. logged-in user growth was just 1% last quarter and search referrals have declined as AI Overviews from Alphabet threaten drive-by traffic.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.