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Royal Gold (NASDAQ:RGLD) -3.6% in Thursday's trading after providing guidance for FY 2023 total gold equivalent sales of 320K-345K oz, including 235K-250K gold oz, and DD&A of $490-$540 per gold equivalent oz.
Guidance included gold production at the Cortez mine from the Legacy Royalty area of 450K-480K oz and estimated production from the Cortez Complex Zone of ~535K oz, and the first full year of production at the Khoemacau mine target throughput rate of 10K metric tons/day.
Royal Gold (RGLD) said it expects lower production at the Mount Milligan mine in H1 compared to H2, which should affect sales in H2 due to the normal lag in timing between concentrate shipments and stream deliveries.
Royal Gold (RGLD) previously reported Q1 streaming segment sales came in above guidance at ~60.8K gold equivalent oz.