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Royal Gold, Inc. announced the sale of approximately 51,300 gold equivalent ounces (GEOs) in Q3 2023. They had 18,600 ounces of gold and 269,600 ounces of silver in inventory at the end of the quarter. The average realized prices for gold, silver, and copper were $1,933 per ounce, $23.50 per ounce, and $8,241 per tonne, respectively. Cost of sales was approximately $416 per GEO.
Positive
Royal Gold sold approximately 51,300 GEOs in Q3 2023, indicating strong sales performance.
The average realized prices for gold, silver, and copper in Q3 2023 were $1,933 per ounce, $23.50 per ounce, and $8,241 per tonne, respectively.
Negative
None.
DENVER--(BUSINESS WIRE)--
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 51,300 gold equivalent ounces (GEOs)1 comprised of approximately 37,500 ounces of gold, 613,700 ounces of silver and 1,500 tonnes of copper related to its streaming agreements during the three-month period ended September 30, 2023 (the “third quarter”). The Company had approximately 18,600 ounces of gold and 269,600 ounces of silver in inventory at September 30, 2023.
RGLD Gold AG’s average realized gold, silver and copper prices for the third quarter were $1,933 per ounce, $23.50 per ounce and $8,241 per tonne ($3.74 per pound), respectively. Cost of sales was approximately $416 per GEO for the third 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 Q3 2023 Results Release
Royal Gold’s results for the quarter ended September 30, 2023, will be released after the market closes on Wednesday, November 1, 2023, followed by a conference call on Thursday, November 2, 2023, at 1:00 p.m. Eastern Time (11:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.
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 September 30, 2023, the Company owned interests on 181 properties on five continents, including interests on 39 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.
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1 GEOs are calculated as Royal Gold’s revenue divided by the average London PM gold fixing price for the quarter ended September 30, 2023, of $1,928 per ounce.
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. the company owns interests on 193 properties on six continents, including interests on 38 producing mines and 24 development stage projects. royal gold is publicly traded on the nasdaq global select market under the symbol “rgld.” the company’s stream and royalty portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the risks associated with mine operations such as capital costs, operating costs, and environmental liabilities. royal gold owns a large portfolio of active, developing and exploration style royalties located in some of the world’s most prolific gold regions. with the exception of one exploration joint venture, the company does not have to contribute to exploration costs, exploration successes by the operators of the royalty p
