DENVER--(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.
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Stream Segment (does not include royalties)
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Gold Ounces
Sold
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Average Realized
Gold Price/Ounce
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Gold Ounces In
Inventory
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Three Months Ended September 30, 2015
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33,758
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$1,121
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As of September 30, 2015
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11,481
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Three Months Ended December 31, 2015
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61,500
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$1,094
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As of December 31, 2015
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25,700
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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:
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Dial-In Numbers:
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855-209-8260 (U.S.); toll free
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855-669-9657 (Canada); toll free
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412-542-4106 (International)
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Conference Title:
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Royal Gold
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Webcast URL:
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www.royalgold.com
under Investors, Events & Presentations
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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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160106006641/en/
Source: Royal Gold, Inc.