Denver-based Royal Gold Inc. said Thursday its profit this summer nearly doubled on higher prices and a higher production.

For the three months ended Sept. 30, net income jumped to $22.5 million, or 40 cents per share, compared to $11.83 million, or 21 cents per share, in the year-earlier period.

Excluding the restructuring of a non-principal royalty, net income available to Royal Gold stockholders would have been 43 cents per basic share for the quarter.

Revenue climbed to $64.47million from $45.33 million.