Seeking Alpha

Royal Gold, Inc. (RGLD)

  • Wed, Aug. 5, 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.
    | Wed, Aug. 5, 5:16 PM | 2 Comments
Company Description
Royal Gold Inc together with its subsidiaries is engaged in acquiring and managing precious metals royalties, precious metals streams and similar interests.
Industry: Gold
Country: United States