Royal Gold Provides Update on its Q4 2023 Stream Segment Sales and Details for Release of Q4 2023 Results
January 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 49,900 gold equivalent ounces (GEOs)1 comprised
of approximately 39,100 ounces of gold, 556,300 ounces of silver
and 1,100 tonnes of copper related to its streaming agreements
during the three-month period ended December 31, 2023 (the “fourth
quarter”). The Company had approximately 15,200 ounces of gold and
383,100 ounces of silver in inventory at December 31, 2023.
RGLD Gold AG’s average realized gold, silver and copper prices
for the fourth quarter were $1,955 per ounce, $23.18 per ounce and
$8,136 per tonne ($3.69 per pound), respectively. Cost of sales was
approximately $417 per GEO for the fourth 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 Q4 2023 Results Release
Royal Gold’s results for the quarter ended December 31, 2023,
will be released after the market closes on Wednesday, February 14,
2024, followed by a conference call on Thursday, February 15, 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.
Fourth Quarter 2023 Call Information:
Dial-In
833-470-1428 (U.S.); toll
free
Numbers:
833-950-0062 (Canada); toll
free
929-526-1599 (International)
Access Code:
565180
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
December 31, 2023, the Company owned interests on 178 properties on
five continents, including interests on 37 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 December 31, 2023, of $1,971 per ounce.
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version on businesswire.com: https://www.businesswire.com/news/home/20240109683676/en/
Alistair Baker Vice President Investor Relations and Business
Development (720) 554-6995
Royal Gold (NASDAQ:RGLD)
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