Royal Gold reports Q2 2025 sales of 40,600 gold equivalent ounces

DENVER - Royal Gold, Inc. (NASDAQ:RGLD), an $11.1 billion market cap precious metals company with impressive gross profit margins of 87%, announced Tuesday that its subsidiary RGLD Gold AG sold approximately 40,600 gold equivalent ounces (GEOs) during the second quarter ended June 30, 2025.

The sales comprised approximately 32,200 ounces of gold, 578,700 ounces of silver, and 1,100 tonnes of copper from its streaming agreements. The company reported having approximately 12,700 ounces of gold and 341,000 ounces of silver in inventory at quarter-end.

According to the press release, RGLD Gold AG’s average realized prices for the second quarter were $3,248 per ounce of gold, $32.91 per ounce of silver, and $9,210 per tonne ($4.18 per pound) of copper. Cost of sales was approximately $596 per GEO.

The company calculates GEOs by dividing its revenue by the average London PM gold fixing price for the quarter, which was $3,280 per ounce.

Royal Gold will release its full second quarter 2025 financial results after market close on Wednesday, August 6, followed by a conference call on Thursday, August 7.

Royal Gold describes itself as a high-margin, mid-capitalization company that generates cash flows from a portfolio of precious metal streams, royalties, and similar production-based interests. The company has maintained dividend payments for 26 consecutive years, with a current yield of 1.07%.

In other recent news, Royal Gold announced a significant merger agreement to acquire Sandstorm Gold and Horizon Copper, valued at approximately $3.5 billion and $196 million, respectively. This all-stock transaction will see Sandstorm shareholders receive 0.0625 Royal Gold shares for each Sandstorm share, and is expected to close in the fourth quarter of 2025. The merger is projected to increase Royal Gold’s production by 26% in 2025, adding 40 producing assets to its portfolio. Additionally, Royal Gold has extended the maturity of its revolving credit facility to 2030 and increased borrowing capacity, enhancing its financial flexibility. The company also approved a new 2025 Incentive Plan aimed at aligning the interests of its key personnel with shareholders. BMO Capital Markets has adjusted its financial outlook for Royal Gold, increasing the price target to $197, maintaining a Market Perform rating, and highlighting the potential positive impact of the Warintza project. Furthermore, Royal Gold has declared a third-quarter dividend of $0.45 per share, demonstrating its commitment to shareholder value. These developments reflect Royal Gold’s strategic moves to strengthen its position in the precious metals market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.