Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 145

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 145
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 ounces sold

    864,000

    945,000

    (81,000
    )

    (8.6
    %)

    Silver ounces sold

    42,277,000

    56,953,000

    (14,676,000
    )

    (25.8
    %)

Revenues for the six months ended December 31, 2024 increased $894.0 million, or 19.6%, to $5.457 billion from $4.563 billion in 2023. Excluding an increase of $384.7 million of forward sales, our revenues increased $509.3 million, or 18.5%, which was due to higher average selling prices of gold and silver, partially offset by a decrease in gold and silver ounces sold.

Gold ounces sold for the six months ended December 31, 2024 decreased 81,000 ounces, or 8.6%, to 864,000 ounces from 945,000 ounces in 2023. Silver ounces sold for the six months ended December 31, 2024 decreased 14,676,000 ounces, or 25.8%, to 42,277,000 ounces from 56,953,000 ounces in 2023. On average, the selling prices for gold increased by 31.4% and selling prices for silver increased by 31.0% during the six months ended December 31, 2024 as compared to the prior year. 

JMB's revenue represented 11.3% and 13.9% of the Company's consolidated revenue for the six months ended December 31, 2024 and 2023, respectively.

Gross Profit

    in thousands, except performance metric

    Three Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Gross profit
     
    $
    44,767

    1.632
    %

    $
    46,041

    2.215
    %

    $
    (1,274
    )

    (2.8
    %)

    Performance Metric

    Inventory turnover ratio

    2.2

    1.9

    0.3

    15.8
    %

Gross profit for the three months ended December 31,