Royal Gold Provides Update on Fiscal 2016 Second Quarter Stream Sales and Announces Earnings Call
January 06 2016 - 4:05PM
Business Wire
Royal Gold, Inc. (NASDAQ:RGLD; TSX:RGL) (together
with its subsidiaries, “Royal Gold” or the “Company”) today
announced stream sales for its fiscal 2016 second quarter ended
December 31, 2015. Sales from Royal Gold’s stream segment
contributed more than half of Royal Gold’s total revenue in its
first fiscal quarter 2016.
The Company reports that its wholly owned subsidiary RGLD Gold
AG sold approximately 61,500 ounces of gold related to its
streaming agreements, at an average realized gold price of $1,094
per ounce in the second fiscal quarter. The Company had
approximately 25,700 ounces of gold in inventory at December 31,
2015. RGLD Gold AG’s average cost of sales for the second fiscal
quarter was approximately $370 per stream ounce. Cost of sales is
specific to our stream agreements and is the result of the
Company’s purchases of gold for a cash payment of a set contractual
price, or the prevailing market price of gold when purchased.
Stream Segment (does not include royalties)
Gold OuncesSold
Average RealizedGold
Price/Ounce
Gold Ounces InInventory
Three Months Ended September 30, 2015 33,758
$1,121
As of September 30, 2015 11,481
Three Months Ended December 31, 2015 61,500
$1,094
As of December 31, 2015 25,700
Royal Gold’s second quarter results will be released before the
market opens for trading on Thursday, February 4, 2016, followed by
a conference call that day at noon Eastern Standard Time (10:00
a.m. Mountain Standard Time). The call will be webcast and archived
on the Company’s website for a limited time.
Fiscal 2016 Second Quarter Earnings Call Information:
Dial-In Numbers: 855-209-8260 (U.S.); toll free
855-669-9657 (Canada); toll free 412-542-4106 (International)
Conference Title: Royal Gold Webcast URL:
www.royalgold.com under Investors, Events
& Presentations
About Royal Gold
Royal Gold is a precious metals royalty and stream company
engaged in the acquisition and management of precious metal
royalties, streams and similar production based interests. The
Company owns interests on 197 properties on six continents,
including interests on 39 producing mines and 23 development stage
projects. Royal Gold is publicly traded on the NASDAQ Global Select
Market under the symbol “RGLD,” and on the Toronto Stock Exchange
under the symbol “RGL.” The Company’s website is located at
www.royalgold.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160106006641/en/
Royal Gold, Inc.Karli Anderson, 303-575-6517Vice
President Investor Relations
Royal Gold (NASDAQ:RGLD)
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