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Forecast impairment hits Royal Gold

Leading royalty and streaming firm, Royal Gold (NASDAQ:RGLD), has booked a US$153.7 million ($2.35 per share) loss for the March quarter despite multiple year-on-year improvements, with the result dragged down by a previously forecast impairment on its Pascua Lama interest of $239.4 million.

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Just watching: There's been little development at Pascua-Lama and therefore no return on the Royal Gold royalty

The company booked an 8% year-on-year revenue increase to $116 million, a 37% increase in operating cash flow to $105 million, then paid out a 5% increase in the dividend worth $16 million across the