DENVER - Royal Gold, Inc. (NASDAQ:RGLD), a major player in the precious metals market with an impressive gross profit margin of 85.8%, disclosed its fourth-quarter sales figures, revealing a total of approximately 46,900 gold equivalent ounces (GEOs) sold. These sales included about 36,600 ounces of gold, 478,900 ounces of silver, and 1,300 tonnes of copper, all derived from the company's streaming agreements.
For the quarter ending December 31, 2024, the company also reported holding inventories of approximately 15,500 ounces of gold and 338,400 ounces of silver. The average realized prices for gold, silver, and copper during this period were $2,662 per ounce, $31.65 per ounce, and $9,313 per tonne ($4.22 per pound), respectively. According to InvestingPro, Royal Gold maintains strong financial health with an overall score of 3.22, rated as "GREAT."
The cost of sales, which pertains specifically to Royal Gold's streaming agreements, was approximately $521 per GEO. This cost is associated with the company's contractual cash payments for purchasing gold, silver, or copper at predetermined prices or a percentage of the market price at the time of purchase.
Royal Gold is set to release its detailed financial results for the fourth quarter after the market closes on Wednesday, February 12, 2025. The company will subsequently host a conference call on Thursday, February 13, 2025, to discuss the results. The company has maintained dividend payments for 26 consecutive years, with a current dividend yield of 1.34%.
The company, which focuses on the acquisition and management of precious metal streams, royalties, and similar production-based interests, owns interests in 175 properties across five continents. This includes stakes in 42 producing mines and 18 development-stage projects.
Royal Gold's performance in the fourth quarter reflects its ongoing operations and market positioning in the precious metals sector. The company's stock is traded on the Nasdaq Global Select Market under the ticker RGLD, and further information can be found on its website.
This report is based on a press release statement from Royal Gold.
In other recent news, Royal Gold, a leader in the acquisition and management of precious metal stream and royalty interests, has reported significant developments. The company recently disclosed updates on its mineral reserves and resources, providing details about the mineral resources and reserves at properties where it holds stream or royalty interests. This update includes forward-looking statements regarding anticipated developments relating to the properties and operations, such as production, deliveries, and estimates of mineral resources and reserves.
Furthermore, Royal Gold reported record-breaking revenue results for the third quarter of 2024, with revenues reaching an impressive $194 million, a 40% increase from the previous year. This robust financial position was further solidified by its liquidity of over $1.1 billion and the elimination of any remaining debt.
The company also made significant internal changes, including extending the employment agreements of key officers and making amendments to its bylaws, primarily affecting the timeline for stockholder proposals and director nominations.
In addition to these developments, Royal Gold announced an increase in its annual common stock dividend by 12.5%, from $1.60 to $1.8 per share. Amid these recent developments, Royal Gold maintains a focus on business development and disciplined due diligence standards, while remaining optimistic about future deals, particularly in the Americas and Australia.
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