Royal Gold, Inc. (RGLD) announced a sales update for its second quarter of 2025, reporting sales of 40,600 gold equivalent ounces (GEOs), which includes 32,200 ounces of gold, 578,700 ounces of silver, and 1,100 tons of copper. This represents a decrease from 42,800 GEOs sold in Q1 2025 and 52,600 GEOs sold in Q2 2024.
During this quarter, the average realized price of gold rose to $3,248 per ounce from $2,842 in Q1 2025, while silver increased to $32.91 per ounce from $31.30. Copper prices dropped 1% quarter-over-quarter to $9,210 per ton. Additionally, RGLD’s cost of sales was $596 per GEO, up from $573 in the prior quarter.
Royal Gold’s earnings per share (EPS) for Q2 2025 are projected to be $1.70, up from $1.25 in the same quarter last year, supported by higher metal prices despite lower sales volumes. The company generated revenues of $193 million in Q1 2025, marking a 29.6% year-over-year increase.
