Royal Gold Sells 52,600 Gold Equivalent Ounces in Q2 2024

Royal Gold, Inc. has reported its stream segment sales for the second quarter of 2024, revealing that its wholly owned subsidiary, RGLD Gold AG, sold approximately 52,600 gold equivalent ounces (GEOs) during the three-month period ended June 30, 2024. This figure is comprised of about 39,200 ounces of gold, 593,200 ounces of silver, and 1,500 tonnes of copper.

Notably, Royal Gold had approximately 12,000 ounces of gold and 450,500 ounces of silver in inventory at the end of the second quarter.

The average realized prices for gold, silver, and copper during the second quarter were $2,339 per ounce, $28.46 per ounce, and $9,475 per tonne ($4.30 per pound), respectively. Additionally, the cost of sales specific to the Company’s streaming agreements was approximately $459 per GEO for the second quarter.

The Company's results for the quarter ended June 30, 2024, are set to 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).

As of June 30, 2024, Royal Gold owned interests on 177 properties on five continents, including interests on 38 producing mines and 22 development stage projects. Following these announcements, the company's shares moved -0.1%, and are now trading at a price of $131.02. If you want to know more, read the company's complete 8-K report here.

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