Royal Gold Announces Q3 2024 Sales Performance and Results
Royal Gold Reports Strong Performance in Q3 2024 Stream Sales
Royal Gold, Inc. (NASDAQ: RGLD) has recently provided an update on its third quarter sales for 2024, showcasing significant achievements in its stream segment. During this period, the company reported sales of approximately 53,800 gold equivalent ounces (GEOs). This impressive figure included about 40,700 ounces of gold, 688,200 ounces of silver, and 1,400 tonnes of copper generated through its streaming agreements.
Revenue Breakdown for the Quarter
The quarter ending September 30, 2024, saw Royal Gold achieve an average realized price for gold at $2,459 per ounce, while silver averaged $29.10 per ounce, and copper reached $9,141 per tonne or $4.15 per pound. With a cost of sales at around $506 per GEO for the quarter, these figures illustrate the company's effective management of its production costs against market prices.
Details Regarding Q3 2024 Results Release
Looking ahead, Royal Gold plans to disclose its results for Q3 2024 on Wednesday, November 6, 2024, post-market closure. Following this announcement, the company will host a conference call the next day, November 7, 2024, at 1:00 p.m. Eastern Time (11:00 a.m. Mountain Time). This call will be an excellent opportunity for investors to gain insight into the company’s strategic direction and future projections.
Call Information
Investors can participate in the call by dialing the following numbers:
- Dial-In (U.S.): 833-470-1428
- Dial-In (Canada): 833-950-0062
- Dial-In (International): 929-526-1599
The access code for the call is 506691.
About Royal Gold
Royal Gold is a leading precious metals streaming and royalty company. It specializes in the acquisition and management of precious metal streams and royalties, enhancing the value for its stakeholders. As of the end of the third quarter in 2024, the company has an impressive portfolio, including interests in 175 properties spread across five continents. This includes operational stakes in 40 active mines and involvement in 19 development projects, showcasing its wide-reaching impact in the mining sector.
As a publicly traded entity on the Nasdaq Global Select Market under the symbol “RGLD,” Royal Gold continues to follow a growth trajectory while maintaining a commitment to sustainability and responsible management of resources. Interested parties can visit their website for more details on their corporate activities and market updates.
Frequently Asked Questions
What is Royal Gold's core business focus?
Royal Gold primarily focuses on the acquisition and management of precious metal streams and royalties across various mining properties worldwide.
When will Royal Gold release its Q3 2024 results?
The company plans to release its financial results for Q3 2024 on November 6, 2024, after market close.
How can I participate in the earnings call?
Participants can join the earnings call by dialing in with the provided numbers and using the access code 506691.
What were the gold prices achieved during Q3 2024?
Royal Gold reported an average realized price of $2,459 per ounce for gold in Q3 2024.
How many properties does Royal Gold hold interests in?
The company holds interests in 175 properties across five continents, including both producing and development stage projects.
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