Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 327

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 327
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    $
    2,173,340
     
    (a)

    100.000
    %

    $
    1,708,184
     
    (b)

    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