Cash flow from royalty interests continues to outperform. Physical gold (1116.9 ounces post New Zealand withholding tax) was received during the quarter from the Reefton gold project in New Zealand. In addition, a record cash payment for a quarterly period was received from Mt Garnet. Gold sales for the quarter generated $4,644,383. A total of 3,850.7 ounces were sold at an average price of $1206 per ounce. Present gold position is 616.9 ounces on deposit against a spot A$ gold price of $1215 per ounce. Additional royalty opportunities over a range of commodities are being reviewed on an ongoing basis. Royalcos cash/liquids position is represented by $11.1 million cash on deposit, the gold position of 616.9 ounces with a spot value of $750,000 and a small listed equities position of approximately $250,000. This equates to $12.1 million.
RCO Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held