Today, we’re taking another look at a longtime DailyWealth favorite…
If you’ve been with us for a while, then you probably know that when it comes to investing in precious metals, we’re big fans of royalty companies. Instead of taking on the high cost of exploring, developing, or operating mines, these companies finance the early stages of projects and collect money when they work out.
Royal Gold currently holds royalties on around 200 mines.
The company collects a percentage of the profits on every ounce of gold that comes out of these mines.
Having such a diverse portfolio of royalties gives Royal Gold more opportunities to profit, and reduces risk in the process.
The model is paying off… Since 2002, Royal Gold has grown its revenues every year except one.
As you can see in the chart below, Royal Gold shares are soaring. The stock is up more than 40% over the last 18 months, while the metal itself is up a little more than 5%. It’s another reminder why we’re big fans of the royalty business model…
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Source: Daily Wealth’s Market Notes