Royal Gold Sees Strong Q4 2024 Performance with Stream Sales
Strong Stream Segment Sales for Royal Gold in Q4 2024
In an impressive display of performance, Royal Gold, Inc. (NASDAQ: RGLD) recently disclosed the results of its quarterly stream segment sales. Despite the challenges faced in the precious metals market, the company's wholly owned subsidiary, RGLD Gold AG, achieved remarkable sales figures during the period ending December 31, 2024. The company reported sales of approximately 46,900 gold equivalent ounces (GEOs), which included around 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tonnes of copper, all generated from its streaming agreements.
Quarterly Sales Breakdown
RGLD Gold AG indicated that the average realized prices for gold, silver, and copper in the fourth quarter were $2,662 per ounce, $31.65 per ounce, and $9,313 per tonne, respectively. With a cost of sales estimated at about $521 per GEO, these figures underscore the company's operational efficiency and strategic pricing technique. This cost reflects the agreements in place for the purchase of precious metals, ensuring that Royal Gold is well-positioned against fluctuating market prices.
Upcoming Results Release Information
Royal Gold is set to officially reveal its results for the quarter ended December 31, 2024, shortly after the markets close on Wednesday, February 12, 2025. Following the release, a conference call will take place at 12:00 p.m. Eastern Time on Thursday, February 13, 2025. This call presents an excellent opportunity for investors and stakeholders to gain insights directly from the company’s management team. The call will be available via webcast, making it accessible for a broad audience.
Conference Call Details
Anyone interested in participating can dial in using the following numbers:
- U.S. Toll-Free: 833-470-1428
- Canada Toll-Free: 833-950-0062
- International: 929-526-1599
Listeners will need to enter the access code 572628 to join the call.
Corporate Profile Overview
Royal Gold is not just a leading player in the royalty and stream market; it actively manages a diverse portfolio of precious metal streams and royalties. As of December 31, 2024, the company boasts interests in 175 properties across five continents, including stakes in 42 active mines and 18 projects currently in development. This diversification across different geographical regions and stages of production highlights Royal Gold's robust business model.
Investment Potential of Royal Gold
Investing in Royal Gold offers potential benefits as the company continues to expand its interests in the precious metals sector. With market conditions improving and demand for gold and silver remaining strong, shareholders can be optimistic about the company's growth trajectory. By maintaining strategic partnerships and exploring new opportunities, Royal Gold positions itself as a steadfast choice for investors seeking exposure to precious metals.
Frequently Asked Questions
What are GEOs and how does Royal Gold calculate them?
GEOs, or gold equivalent ounces, are calculated by dividing Royal Gold's revenue by the average London PM gold fixing price for the quarter. For Q4 2024, the price was approximately $2,663 per ounce.
When will Royal Gold announce its Q4 2024 results?
The company will release its results on February 12, 2025, after market close.
How can I participate in the conference call?
To join the conference call, dial in at the specified times using the provided toll-free numbers and enter the access code 572628.
What is Royal Gold's business focus?
Royal Gold specializes in the acquisition and management of precious metal streams and royalties, with interests in numerous properties worldwide.
Where can I find more information about Royal Gold?
Additional information can be found on Royal Gold's official website.
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