Royal Gold Sells 49,500 Gold Equivalent Ounces in Q1 2024

Royal Gold, Inc. has reported its stream segment sales for the first quarter of 2024, revealing that its wholly owned subsidiary, RGLD Gold AG, sold approximately 49,500 gold equivalent ounces (GEOs). This figure comprises approximately 38,100 ounces of gold, 635,000 ounces of silver, and 1,100 tonnes of copper from its streaming agreements during the period. The company also disclosed that it held approximately 16,800 ounces of gold, 349,400 ounces of silver, and 400 tonnes of copper in inventory at the end of March 31, 2024.

In terms of realized prices, RGLD Gold AG's average realized gold, silver, and copper prices for the first quarter were $2,054 per ounce, $23.22 per ounce, and $8,453 per tonne ($3.83 per pound), respectively. Additionally, the cost of sales for the first quarter was approximately $436 per GEO, specific to the company’s streaming agreements.

The company's results for the quarter ended March 31, 2024, are scheduled to be released after the market closes on Wednesday, May 8, 2024. This will be followed by a conference call on Thursday, May 9, 2024, at 12:00 p.m. Eastern Time.

Royal Gold, a precious metals stream and royalty company, owned interests on 177 properties on five continents as of March 31, 2024, including interests on 37 producing mines and 24 development stage projects. The company is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” Today the company's shares have moved 1.3% to a price of $124.25. If you want to know more, read the company's complete 8-K report here.

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