Royal Gold Provides Update on Q4 2024 Stream Segment Sales and Details for Release of Q4 2024 Results

Rhea-AI Summary

Royal Gold (NASDAQ: RGLD) has reported its Q4 2024 stream segment sales, with approximately 46,900 gold equivalent ounces (GEOs) sold through its subsidiary RGLD Gold AG. This comprised 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tonnes of copper.

The company's inventory as of December 31, 2024, stood at 15,500 ounces of gold and 338,400 ounces of silver. Average realized prices for the quarter were $2,662 per gold ounce, $31.65 per silver ounce, and $9,313 per copper tonne. Cost of sales was approximately $521 per GEO.

Royal Gold maintains interests in 175 properties across five continents, including 42 producing mines and 18 development stage projects. The company will release its complete Q4 2024 results after market close on February 12, 2025.

Positive

• Strong realized prices: $2,662/oz gold, $31.65/oz silver, and $9,313/tonne copper
• Significant production volume with 46,900 GEOs sold in Q4
• Substantial portfolio with 175 property interests, including 42 producing mines

Negative

• Cost of sales at $521 per GEO represents a significant operational expense

Insights

Financial Analyst

Royal Gold's Q4 2024 operational update reveals robust streaming segment performance with 46,900 GEOs sold at impressive realized prices - $2,662 per gold ounce, $31.65 per silver ounce and $4.22 per pound of copper. The cost of sales at $521 per GEO demonstrates healthy margins, particularly given the strong precious metals pricing environment.

The inventory position of 15,500 ounces of gold and 338,400 ounces of silver provides a strategic buffer and future revenue potential. The company's extensive portfolio of 175 properties, including 42 producing mines, showcases a well-diversified asset base that reduces single-asset risk. The streaming business model continues to offer lower-risk exposure to precious metals prices without direct operational mining costs.

Simple explanation: Think of Royal Gold as a sophisticated metals retailer - they buy gold, silver and copper at fixed low prices through streaming agreements and sell at market prices, pocketing the difference. Their Q4 numbers show they're making good profits on each ounce and they have plenty of inventory ready to sell when prices are favorable.

Market Research Analyst

The Q4 2024 sales figures demonstrate strong market positioning, with realized prices significantly above industry averages. The gold price realization of $2,662 per ounce reflects premium market conditions and effective timing of sales. The substantial margin between cost of sales ($521/GEO) and realized prices indicates robust profitability in the streaming segment.

The current inventory levels suggest strategic management of sales timing, allowing flexibility to maximize returns in volatile precious metals markets. With 18 development projects in the pipeline alongside producing assets, Royal Gold maintains strong growth potential while leveraging its established streaming model.

Simple explanation: Royal Gold is like a smart metals trader who buys at wholesale prices and sells at retail. Their latest report shows they're making about $2,100 profit per ounce of gold equivalent after costs, which is excellent. They're also keeping some metal in storage, waiting for the best time to sell, while having new sources of metal coming online in the future.

DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly owned subsidiary, RGLD Gold AG, sold approximately 46,900 gold equivalent ounces (GEOs)¹ comprised of approximately 36,600 ounces of gold, 478,900 ounces of silver and 1,300 tonnes of copper related to its streaming agreements during the three-month period ended December 31, 2024 (the “fourth quarter”). RGLD Gold AG had approximately 15,500 ounces of gold and 338,400 ounces of silver in inventory at December 31, 2024.

RGLD Gold AG’s average realized gold, silver and copper prices for the fourth quarter were $2,662 per ounce, $31.65 per ounce and $9,313 per tonne ($4.22 per pound), respectively. Cost of sales was approximately $521 per GEO for the fourth quarter. Cost of sales is specific to the Company’s streaming agreements and is the result of RGLD Gold AG’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.

Details for Q4 2024 Results Release

Royal Gold’s results for the quarter ended December 31, 2024, will be released after the market closes on Wednesday, February 12, 2025, followed by a conference call on Thursday, February 13, 2025, at 12:00 p.m. Eastern Time (10:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.   Fourth Quarter 2024 Call Information:
Dial-In	833-470-1428 (U.S.); toll free
Numbers:	833-950-0062 (Canada); toll free 929-526-1599 (International)
Access Code:	572628
Webcast URL:	www.royalgold.com under Investors, Events & Presentations

Corporate Profile

Royal Gold is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. As of December 31, 2024, the Company owned interests on 175 properties on five continents, including interests on 42 producing mines and 18 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.” The Company’s website is located at www.royalgold.com.

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¹ GEOs are calculated as Royal Gold’s revenue divided by the average London PM gold fixing price for the quarter ended December 31, 2024, of $2,663 per ounce.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250114647982/en/

For further information, please contact:

Alistair Baker

Senior Vice President, Investor Relations and Business Development

(303) 573-1660

Source: Royal Gold

FAQ

What were Royal Gold's (RGLD) Q4 2024 gold equivalent ounces (GEOs) sales?

Royal Gold sold approximately 46,900 gold equivalent ounces in Q4 2024, consisting of 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tonnes of copper.

What were RGLD's average realized metal prices in Q4 2024?

Royal Gold's average realized prices were $2,662 per gold ounce, $31.65 per silver ounce, and $9,313 per copper tonne ($4.22 per pound).

How much inventory did Royal Gold (RGLD) hold at the end of Q4 2024?

As of December 31, 2024, Royal Gold held approximately 15,500 ounces of gold and 338,400 ounces of silver in inventory.

What was Royal Gold's (RGLD) cost of sales per GEO in Q4 2024?

Royal Gold's cost of sales was approximately $521 per GEO for the fourth quarter of 2024.

When will Royal Gold (RGLD) release its full Q4 2024 financial results?

Royal Gold will release its Q4 2024 results after market close on Wednesday, February 12, 2025, followed by a conference call on Thursday, February 13, 2025.