Royal Gold Provides Update on its Fiscal 2021 First Quarter
DENVER — 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 56,000 gold equivalent ounces 1 (“GEOs”) comprised of approximately 44,000 gold ounces, 474,000 silver ounces and 1,800 tonnes of copper related to its streaming agreements during its fiscal 2021 first quarter ended September 30, 2020 (“first quarter”). First quarter stream sales were in line with the previous guidance range of 53,000 to 58,000 GEOs. The Company had approximately 36,000 GEOs in inventory at the end of the first quarter consisting of 26,000 gold ounces, 461,000 silver ounces and 1,100 tonnes of copper. Inventory at the end of the first quarter was higher than the previous guidance range of 25,000 to 30,000 GEOs primarily due to timing of deliveries.