PRECIOUS METALS

Royal Gold in US$525mn royalty buy from Rio

Denver-based royalty firm Royal Gold has bought an effective 1.2% gross royalty on the Cortez gold complex in Nevada, US from Rio Tinto for $525 million in cash.

Royal Gold buys Nevada royalty

Royal Gold buys Nevada royalty

Royal Gold will pay $525 million in cash from available resources including a draw of $500 million on the firm's revolving credit facility, which is expected to be repaid as cash flow allows. Royal...

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