Benzinga | Jan 11, 2022 09:05AM EST

Royal Gold Reports Q4 2021 Average Realized Gold/Ounce $1,792; Average Realized Silver/Ounce $23.35; Average Realized Copper/Pound $4.40

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 61,700 gold equivalent ounces1 ("GEOs") comprised of approximately 45,600 gold ounces, 715,100 silver ounces and 1,300 tonnes of copper related to its streaming agreements during the three-month period ended December 31, 2021. The Company had approximately 26,000 GEOs in inventory at December 31, 2021, consisting of 18,700 gold ounces, 392,300 silver ounces and 400 tonnes of copper.

RGLD Gold AG's average realized gold, silver and copper prices for the quarter were $1,792 per ounce, $23.35 per ounce and $9,703 per tonne ($4.40 per pound), respectively, compared to $1,795, $24.94 and $9,451 ($4.29), respectively, in the prior quarter ended September 30, 2021. Cost of sales was approximately $407 per GEO for the quarter ended December 31, 2021, using the quarterly average silver-gold ratio of approximately 77 to 1 and copper-gold ratio of approximately 0.19 tonnes per ounce, compared to cost of sales of $423 per GEO in the prior quarter ended September 30, 2021. 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.