Article content
DENVER — Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 52,600 gold equivalent ounces (GEOs)1 comprised of approximately 39,200 ounces of gold, 593,200 ounces of silver, and 1,500 tonnes of copper related to its streaming agreements during the three-month period ended June 30, 2024 (the “second quarter”). The Company had approximately 12,000 ounces of gold and 450,500 ounces of silver in inventory at June 30, 2024.
Article content
RGLD Gold AG’s average realized gold, silver, and copper prices for the second quarter were $2,339 per ounce, $28.46 per ounce, and $9,475 per tonne ($4.30 per pound), respectively. Cost of sales was approximately $459 per GEO for the second quarter. Cost of sales is specific to the Company’s streaming agreements and is the result of the Company’s purchase of gold, silver, or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver, or copper when purchased.
Details for Q2 2024 Results Release
Royal Gold’s results for the quarter ended June 30, 2024, will be released after the market closes on Wednesday, August 7, 2024, followed by a conference call on Thursday, August 8, 2024, at 12:00 p.m. Eastern Time (10:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.
Second Quarter 2024 Call Information:
|
Dial-In |
833-470-1428 (U.S.); toll free |
|
Numbers: |
833-950-0062 (Canada); toll free 929-526-1599 (International) |
|
Access Code: |
862469 |
|
Webcast URL: |
www.royalgold.com under Investors, Events & Presentations |
Corporate Profile
Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties, and similar production-based interests. As of June 30, 2024, the Company owned interests on 177 properties on five continents, including interests on 38 producing mines and 22 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.
|
1 GEOs are calculated as Royal Gold’s revenue divided by the average London PM gold fixing price for the quarter ended June 30, 2024, of $2,338 per ounce. |
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20240709668224/en/
Contacts
Alistair Baker
Senior Vice President, Investor Relations and Business Development
(303) 573-1660
#distro
Share this article in your social network
### Additional Insight:
– Stream and royalty companies like Royal Gold provide an alternative way for investors to gain exposure to precious metals without owning and operating mines.
– The average realized prices for gold, silver, and copper provide valuable information on the Company’s operating performance and market conditions.
– The forthcoming release of Royal Gold’s Q2 2024 results will give investors a closer look at the Company’s financial health and prospects moving forward.
