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Aug. 5, 2015, 5:16 PM
- Royal Gold (NASDAQ:RGLD) agrees to purchase a percentage of the gold and silver production attributable to Barrick Gold's (NYSE:ABX) 60% interest in its Pueblo Viejo mine in the Dominican Republic for $610M.
- Pueblo Viejo's 2014 gold production totaled ~1.11M oz., silver production was 3.85M oz., and all-in sustaining costs were $588/oz.; total mine proven and probable reserves were 15.5M oz. of gold and 97.2M oz. of silver, while measured and indicated resources were 10.5M oz. of gold and 61.2M oz. of silver.
- RGLD +1.3%, ABX +2.2% AH.
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