Royal Gold sees 2023 sales at low end or slightly blow guidance

The company said, “We are currently forecasting that sales for 2023 may be at the low end of, or slightly below, the previously issued guidance range of 320,000 to 345,000 GEOs. We expect that there will be no changes to previously issued guidance for DD&A expense of $490 to $540 per GEO and an effective tax rate of 17% to 22% for 2023.”