Royal Gold, Inc.

+0.69 (+0.69%)
Mergers / Acquisitions

Royal Gold Announces Acquisition Of Additional Royalty Interest In Cortez Gold Complex In Nevada

Published: 08/02/2022 06:22 GMT
Royal Gold, Inc. (RGLD) - Royal Gold Announces Acquisition of Additional Royalty Interest on World-class Producing Cortez Gold Complex in Nevada, Adding Significant Scale, Duration and Optionality to the Royal Gold Portfolio.
Co Paid $525 Million in Cash Consideration for Royalty to Kennecott, a Wholly Owned Subsidiary of Rio Tinto European Holdings.
In Keeping With Royal Gold's Capital Allocation Strategy, Company Expects to Repay This Outstanding Debt From Future Cash Flow.
No Additional Equity Will Be Issued to Fund This Transaction.
Royal Gold -unit Rg Royalties Acquired Sliding-scale Gross Royalty on an Area Including Cortez Mine Operational Area, Fourmile Development Project in Nevada.