Royal Gold, Inc. RGLD has provided an update on third-quarter fiscal 2016 ended Mar 31, 2016. The company said that its fully-owned subsidiary RGLD Gold AG sold about 54,300 ounces of gold and had 12,200 gold ounces and 210,000 silver ounces in inventory related to its streaming agreements during the fiscal third quarter.Stream segment sales and inventory increased considerably from the year-ago quarter but deteriorated from the preceding quarter. Sales from Mount Milligan, Wassa and Prestea mines were lower than the prior quarter and were partly offset by higher sales from Pueblo Viejo and Andacollo. The company’s silver stream associated with Pueblo Viejo production started on Jan 1, 2016.The average realized gold price for RGLD Gold AG was $1,168 per ounce sold while cost of sales was roughly $330 per ounce in the third quarter.The company earlier announced plans to complete a review in the March quarter regarding the carrying value of its assets. Royal Gold preliminarily expects to register non-cash impairments in the range of $95 million to $100 million associated with several non-principal properties, including the Phoenix gold stream, during the third quarter. Further, the company expects to report a higher effective tax rate in the third quarter, coinciding with this impairment and the appreciation of the Canadian dollar.The shares of the company fell 2.5% to close at $50.25 on Apr 6.Royal Gold will release its fiscal third-quarter results on Apr 28, 2016.The company currently has a Zacks Rank #2 (Buy). Other favorably ranked companies in the mining space include Sibanye Gold Limited SBGL, Vista Gold Corp. VGZ and AngloGold Ashanti Ltd. AU. While Sibanye Gold and Vista Gold sport a Zacks Rank #1 (Strong Buy), AngloGold carries a Zacks Rank #2. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ANGLOGOLD LTD (AU): Free Stock Analysis Report ROYAL GOLD INC (RGLD): Free Stock Analysis Report SIBANYE GLD-ADR (SBGL): Free Stock Analysis Report VISTA GOLD CORP (VGZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research