Key Highlights

  • Royal Gold (NASDAQ:RGLD) raised third-quarter Revenue 84% to USD 464.8 million on a record 109,000 gold equivalent ounces, after clearing its last USD 150 million revolver balance on October 19, 2026.
  • Coeur Mining (NYSE:CDE) booked USD 109 million of Net Income and held USD 1.2 billion of cash, although free Cash Flow decreased to USD 240 million from USD 388 million in the second quarter.
  • Energy Fuels (NYSEAMERICAN:UUUU) increased revenue 65% to USD 29.18 million, but the net loss deepened to USD 52.37 million because of mark-to-market losses on marketable securities.
  • Centrus Energy (NYSE:LEU) produced GAAP net income of USD 31.6 million, boosted by a USD 46.4 million Warrant gain, while its non-GAAP adjusted result was a USD 9.4 million loss.

Royal Gold (NASDAQ:RGLD): Higher Volume and Gold Prices Push Revenue Up 84%

Royal Gold (NASDAQ:RGLD), a streaming and Royalty firm focused on precious metals, released results for the quarter ended September 30, 2026, on November 4, 2026. Revenue hit USD 464.8 million, compared with USD 252.1 million, and gold accounted for USD 340.3 million. Volume jumped 50% to a record 109,000 gold equivalent ounces, while the average gold price of USD 4,262 an ounce exceeded USD 3,457, a 23% increase. The prior-year base predates the Sandstorm and Horizon deal that closed in October 2025, and the release does not separate acquired growth from organic growth. Net income reached USD 227.4 million, or USD 2.68 a share, and Operating Cash Flow set a record at USD 344.4 million. Royal Gold paid down USD 250 million of its revolver during the third quarter, retiring the last USD 150 million on October 19, 2026, which leaves the USD 1.4 billion Facility untouched. The quarterly Dividend was USD 0.475, and the company bought 190,045 shares for USD 49 million. Gold output guidance of 290,000 to 320,000 ounces is maintained, with 224,265 ounces sold through September 30, and outcomes hinge on metal prices and mine operators. Available Liquidity was roughly USD 1.48 billion at quarter end.

Coeur Mining (NYSE:CDE): Lower Metal Prices Trim a Cash-Heavy Quarter

Coeur Mining (NYSE:CDE) filed its Quarterly Report on November 4, 2026. The U.S.-headquartered precious metals miner operates seven sites in North America. Sales of USD 983.6 million were 9% lower than the USD 1,085.6 million of the second quarter, as realized gold slipped to USD 3,979 an ounce from USD 4,140 and silver to USD 62.22 from USD 71.18. Net income totaled USD 109 million, and adjusted EBITDA reached USD 448 million. Some company commentary uses year-over-year language, yet the figures labeled as prior period correspond to the second quarter, so sequential tables are the basis here and the year-ago quarter is missing from the extract. Free cash flow of USD 240 million compares with USD 388 million earlier, and USD 111 million went to buybacks, roughly 46% of that cash. Under an enlarged USD 750 million authorization, USD 231 million has been bought back so far. A USD 0.02 dividend will be paid on December 16, 2026. Full-year output is aimed at the bottom of guidance bands, and Capital returns rely on metal prices staying firm.

Energy Fuels (NYSEAMERICAN:UUUU): A 65% Revenue Gain Alongside a Wider Net Loss

Energy Fuels (NYSEAMERICAN:UUUU) reported its quarterly results on November 4, 2026, for the period ended September 30, 2026. The company makes uranium and separated rare earth oxides at its White Mesa Mill in Utah. Revenue rose to USD 29.18 million from USD 17.71 million, with uranium volume up 33% to 320,000 pounds sold at USD 88.90 per pound realized, and the cost tied to uranium sales dropped 36%. The operating loss tightened slightly to USD 25.31 million, yet other income turned into a USD 27.98 million loss, largely from mark-to-market swings in marketable securities. Deal costs of USD 9.03 million, linked to a rare earth metals Acquisition and the pending Vacuumschmelze purchase, added to the shortfall. The net loss of USD 52.37 million exceeded last year's USD 17.01 million by more than threefold, by calculation. Working Capital came to USD 932.25 million. The Vacuumschmelze purchase is projected to cost roughly USD 718.0 million in cash plus 65.85 million new shares, and it could close as soon as the first quarter of 2027, pending regulatory clearances. No Earnings guidance was included in the filing.

Centrus Energy (NYSE:LEU): Warrant Accounting Turns a Loss Into GAAP Profit

Centrus Energy (NYSE:LEU) announced third-quarter findings on November 4, 2026. Under GAAP, net income reached USD 31.6 million, or USD 1.41 per diluted share, a USD 27.7 million improvement, chiefly due to a non-cash USD 46.4 million gain from revaluing warrant liabilities. On an adjusted basis the company lost USD 9.4 million, or USD 0.46 a share. Sales declined 26% to USD 55.5 million as the LEU segment fell 29% on reduced uranium shipments, and the gross loss expanded to USD 10.6 million from USD 4.3 million. Backlog totals USD 7.0 billion running through 2040, of which about USD 5.4 billion is contingent LEU and HALEU commitments. The filing indicates that the fiscal 2027 DOE budget proposal leaves out additional funding for the HALEU Operation Contract, and it names the Piketon Lease extension as a risk that could bring a major non-cash charge if it falls through. Contracts with every critical Supply chain partner are now final, centrifuge shipments from Oak Ridge have started, and the first certified-for-construction package is complete, all ahead of year-end goals. The 2026 outlook projects revenue of USD 450 million to USD 500 million.

Where Things Stand

Royal Gold's revenue growth came from higher volume and higher metal prices, and the other three show that growth and profit do not always travel together. Royal Gold (NASDAQ:RGLD) also repaid its revolver in full, so the USD 1.4 billion facility is undrawn. Coeur Mining (NYSE:CDE) holds USD 1.2 billion of cash, but this quarter was weaker than the one before. Energy Fuels (NYSEAMERICAN:UUUU) raised revenue 65% yet lost USD 52.37 million on securities marks. Centrus Energy (NYSE:LEU) reported a GAAP profit alongside an adjusted loss. Next markers are metal prices, DOE funding, the Vacuumschmelze closing and the Piketon lease. These four reports are snapshots and cannot guarantee later results.