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Home>Royal Gold Provides Update on its Fiscal 2018 First Quarter

Royal Gold Provides Update on its Fiscal 2018 First Quarter

Royal Gold Provides Update on its Fiscal 2018 First Quarter

10/06/2017

Royal Gold Provides Update on its Fiscal 2018 First Quarter

Royal Gold, Inc. (NASDAQ:RGLD) (together with its subsidiaries, “Royal Gold” or the “Company”) today announced that its wholly owned subsidiary RGLD Gold AG sold approximately 61,000 gold equivalent ounces comprised of approximately 48,000 gold ounces, 537,000 silver ounces and 1,170 tonnes of copper related to its streaming agreements during its fiscal 2018 first quarter ended September 30, 2017 (“first quarter”). The Company had approximately 15,000 gold ounces and 470,000 silver ounces in inventory at September 30, 2017.

RGLD Gold AG’s average realized gold, silver and copper prices were $1,287 per ounce, $16.77 per ounce, and $6,562 per tonne, respectively, compared to $1,259, $17.32, and $5,681 in the prior quarter, respectively. Cost of sales was approximately $334 per gold equivalent ounce for the first quarter using the quarterly average silver-gold ratio of approximately 76 to 1 and gold-copper ratio of approximately 0.20 tonnes per ounce, compared to $318 per gold equivalent ounce in the prior quarter. Cost of sales is specific to our stream agreements and is the result of the Company’s purchase of gold, silver or copper for cash payments at a set contractual price, or a percentage of the prevailing market price of gold, silver or copper when purchased.

Also during the first quarter, Royal Gold repaid $50 million of the outstanding balance on its revolving credit facility. As of September 30, 2017 there was $200 million outstanding on the revolver, resulting in $800 million available under the Company’s previously announced expanded credit facility.

Royal Gold’s first quarter results will be released before the market opens for trading on Thursday, November 2, 2017, followed by a conference call that day at noon Eastern Time (10:00 a.m. Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.

Fiscal 2018 First 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

 

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