Royal Gold Sold ~49,900 Gold Equivalent Ounces (GEOs) Comprised Of ~39,100 Ounces Of Gold, 556,300 Ounces Of Silver And 1,100 Tonnes Of Copper; Realized Gold, Silver And Copper Prices For Q4 Were $1,955 Per Ounce, $23.18 Per Ounce And $8,136 Per Tonne
Portfolio Pulse from Benzinga Newsdesk
Royal Gold, Inc. (RGLD) reported sales of approximately 49,900 gold equivalent ounces for Q4 2023, including 39,100 ounces of gold, 556,300 ounces of silver, and 1,100 tonnes of copper. The realized prices were $1,955/oz for gold, $23.18/oz for silver, and $8,136/tonne for copper. The cost of sales was about $417 per GEO. Q4 results will be released on February 14, 2024, with a conference call on February 15.
January 09, 2024 | 2:06 pm
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POSITIVE IMPACT
Royal Gold, Inc. reported strong sales figures for Q4 2023, with high realized prices for gold, silver, and copper. The cost of sales per GEO remained low, indicating potentially healthy margins. Upcoming Q4 results could provide further insights into the company's financial health.
The reported sales and realized prices for gold, silver, and copper are strong, which could indicate a positive financial performance for Royal Gold in Q4 2023. The low cost of sales per GEO suggests the company is maintaining profitability, which is likely to be viewed favorably by investors. The anticipation of the Q4 results release and the subsequent conference call could lead to increased investor interest and a potential short-term uptick in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100