Royal Gold Provides Update on its Fiscal 2018 Second Quarter

Royal Gold (NASDAQ:RGLD) (together with its subsidiaries, “Royal Gold” or the “Company”) today announced that its wholly owned subsidiary RGLD Gold AG sold approximately 62,000 gold equivalent ounces comprised of approximately 52,000 gold ounces, 470,000 silver ounces and 800 tonnes of copper related to its streaming agreements during its fiscal 2018 second quarter ended December 31, 2017 (“second quarter”). The Company had approximately 14,000 gold ounces, 273,000 silver ounces and 400 tonnes of copper in inventory at December 31, 2017.

RGLD Gold AG’s average realized gold, silver and copper prices were $1,272 per ounce, $16.79 per ounce, and $6,746 per tonne, respectively, compared to $1,287, $16.77, and $6,562 in the prior quarter, respectively.
Cost of sales was approximately $319 per gold equivalent ounce for the second quarter using the quarterly average silver-gold ratio of approximately 76 to 1 and gold-copper ratio of approximately 0.19 tonnes per ounce, compared to $334 per gold equivalent ounce in the prior quarter.

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