DENVER, COLORADO. October 10, 2023: 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 51,300 gold equivalent ounces (GEOs)1 comprised of approximately 37,500 ounces of gold, 613,700
ounces of silver and 1,500 tonnes of copper related to its streaming agreements during the three-month period ended
September 30, 2023 (the “third quarter”). The Company had approximately 18,600 ounces of gold and 269,600 ounces of
silver in inventory at September 30, 2023.
RGLD Gold AG’s average realized gold, silver and copper prices for the third quarter were $1,933 per ounce, $23.50 per
ounce and $8,241 per tonne ($3.74 per pound), respectively. Cost of sales was approximately $416 per GEO for the third
quarter. Cost of sales is specific to the Company’s streaming 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.
Details for Q3 2023 Results Release
Royal Gold’s results for the quarter ended September 30, 2023, will be released after the market closes on Wednesday,
November 1, 2023, followed by a conference call on Thursday, November 2, 2023, at 1:00 p.m. Eastern Time (11:00 a.m.
Mountain Time). The call will be webcast and archived on the Company’s website for a limited time.
Third Quarter 2023 Call Information:
Dial-In 833-470-1428 (U.S.); toll free
Numbers: 833-950-0062 (Canada); toll free
929-526-1599 (International)
Access Code: 573024
Webcast URL: www.royalgold.com under Investors, Events & Presentations