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Royal Gold (RGLD) Offers Update on Q2

January 9, 2017 4:29 PM EST

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 53,000 gold ounces and 543,000 silver ounces related to its streaming agreements during its fiscal 2017 second quarter ended December 31, 2016 (“second quarter”). The Company had approximately 24,000 gold ounces and 323,000 silver ounces in inventory at December 31, 2016.

RGLD Gold AG’s average realized gold and silver prices were $1,226 and $17.51 per ounce sold, respectively, compared to $1,329 and $19.52 per ounce sold in the prior quarter. Cost of sales was approximately $373 per gold equivalent ounce for the second quarter using the quarterly average silver-gold ratio of approximately 71 to 1, compared to $352 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 or silver for cash payments at a set contractual price, or a percentage of the prevailing market price of gold or silver when purchased.

Also during the second quarter, the Company made its second and final advance payment of $75 million as part of its Rainy River gold and silver stream acquisition.

On January 3, 2017, the Company made its final $10 million advance payment as part of its Wassa and Prestea gold stream acquisition.

Royal Gold’s second quarter results will be released before the market opens for trading on Thursday, February 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 2017 Second 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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