Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 169

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 169
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 months ended December 31, 2024 increased $198.4 million, or 53.5%, to $569.0 million from $370.6 million in 2023. The increase in revenue was due to an increase in gold and silver ounces sold and an increase in average selling prices of gold and silver. For the three months ended December 31, 2024, revenue from Goldline, SGB, and PMPP, in the aggregate, was higher by $228.5 million as compared to the prior year, primarily related to acquiring a controlling interest in SGB in June 2024. For the three months ended December 31, 2024, JMB's revenue decreased $30.1 million as compared to the prior year.

Gold ounces sold for the three months ended December 31, 2024 increased 4,000 ounces, or 3.4%, to 120,000 ounces from 116,000 ounces in 2023. Silver ounces sold for the three months ended December 31, 2024 increased 652,000 ounces, or 17.3%, to 4,418,000 ounces from 3,766,000 ounces in 2023. 

Gold ounces sold by Goldline, SGB and PMPP, in the aggregate, increased 43,100 ounces for the three months ended December 31, 2024 compared to 2023 primarily due to the Company acquiring a controlling interest in SGB in June 2024. Gold ounces sold by JMB decreased 39,100 ounces for the three months ended December 31, 2024 compared to 2023. Silver ounces sold by Goldline, SGB and PMPP, in the aggregate, increased 1,842,000 ounces for the three months ended December 31, 2024 compared to 2023 primarily due to the Company acquiring a controlling interest in SGB in June 2024. Silver ounces sold by JMB decreased 1,190,000 ounces for the three months ended December 31, 2024 compared to 2023. 

On average, selling prices for gold increased by 30.1% and selling prices for silver increased by 33.9% during the three months ended December 31, 2024 as compared to the prior year. 

The number of new customers for the three months ended December 31, 2024 increased 12,900, or 24.6% to 65,400