Royal Gold makes $20.5M purchase

Royal Gold makes $20.5M purchase

Royal Gold Inc. has purchased a net smelter return sliding-scale royalty for $20.5 million on Barrick Gold Corp.’s Pascua Lama project on the border between Argentina and Chile, Royal Gold said Wednesday.

Denver-based Royal Gold said the royalty will range from 0.16 percent to 1.08 percent depending on the average price of gold during the quarter. It is applicable to all gold production from an area of interest in Chile. The transaction includes a 0.126 fixed-rate copper royalty.

It is Royal Gold’s second acquisition in 2007.

Published January 17, 2007 by The Denver Business Journal

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