Royal Gold reports Q3 stream segment sales of 51,300 gold equivalent ounces

Tue Oct 10 2023

Royal Gold (NASDAQ: RGLD) announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 51,300 gold equivalent ounces (GEOs) comprised of approximately 37,500 ounces of gold, 613,700 ounces of silver and 1,500 tonnes of copper related to its streaming agreements in Q3 2023.

According to the company, in the comparable period in 2022, RGLD Gold AG sold approximately 56,100 GEOs comprised of approximately 43,700 gold ounces, 614,100 silver ounces and 1,200 tonnes of copper related to its streaming agreements.

The company said it had approximately 18,600 ounces of gold and 269,600 ounces of silver in inventory at September 30, 2023.

Royal Gold added that 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.

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.

Source: https://www.kitco.com/