Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 157

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 157
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 100.000
    %

    $
    465,156

    27.2
    %

    Performance Metrics

    Gold ounces sold

    346,000

    334,000

    12,000

    3.6
    %

    Silver ounces sold

    17,410,000

    22,809,000

    (5,399,000
    )

    (23.7
    %)

    Wholesale Sales ticket volume

    29,986

    25,262

    4,724

    18.7
    %

(a)Revenues are presented net of inter-segment transactions with the Direct-to-Consumer segment that totaled $464.6 million. This segment’s gross sales before eliminations of inter-segment activity totaled $2.638 billion.

(b)Revenues are presented net of inter-segment transactions with the Direct-to-Consumer segment that totaled $253.3 million. This segment’s gross sales before eliminations of inter-segment activity totaled $1.961 billion.

Revenues for the three months ended December 31, 2024 increased $465.2 million, or 27.2%, to $2.173 billion from $1.708 billion in 2023. Excluding an increase in forward sales of $167.3 million, our revenues increased $297.9 million, which was due to an increase in gold ounces sold and higher average selling prices of gold and silver, partially offset by a decrease in silver ounces sold.

Gold ounces sold for the three months ended December 31, 2024 increased 12,000 ounces, or 3.6%, to 346,000 ounces from 334,000 ounces in 2023. Silver ounces sold for the three months ended December 31, 2024 decreased 5,399,000 ounces, or 23.7%, to 17,410,000 ounces from 22,809,000 ounces in 2023. On average, the selling prices for gold and silver increased by 37.2% and 36.7%, respectively, during the three months ended December 31, 2024 as compared to the prior year. 

The Wholesale Sales ticket volume for the three months ended December 31, 2024 increased by 4,724 tickets, or 18.7% to 29,986 tickets from 25,262 tickets in 2023.

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