Royal Gold reports RGLD Gold Q2 gold sales of 53.7K oz

Royal Gold “announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 53,700 gold equivalent ounces comprised of approximately 40,500 ounces of gold, 800,900 ounces of silver and 800 tonnes of copper related to its streaming agreements during the three-month period ended June 30, 2023. The Company had approximately 17,100 ounces of gold, 331,300 ounces of silver, and 400 tonnes of copper in inventory at June 30, 2023. RGLD Gold AG’s average realized gold, silver and copper prices for the second quarter were $1,983 per ounce, $24.01 per ounce and $8,720 per tonnes, respectively. Cost of sales was approximately $436 per GEO for the second quarter. Cost of sales is specific to the Company’s streaming agreements and is the result of the Company’s purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.”