Royal Gold Provides Update on Q2 2024 Stream Segment Sales and Details for Release of Q2 2024 Results
July 09 2024 - 9:00AM
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 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709668224/en/
Alistair Baker Senior Vice President, Investor Relations and
Business Development (303) 573-1660
Royal Gold (NASDAQ:RGLD)
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