Profile: Royal Gold Inc (RGLD.O)
16 Mar 2018
Royal Gold, Inc., incorporated on January 5, 1981, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other. The Company's principal producing properties include Carmen de Andacollo (Andacollo) (Region IV, Chile); Mount Milligan (British Columbia, Canada); Pueblo Viejo (Sanchez Ramirez, Dominican Republic); Wassa, and Prestea (Western Region, Ghana). Its royalty interests include Cortez (Nevada, the United States) and Penasquito (Zacatecas, Mexico). Its principal development-stage properties include Pascua-Lama Project (Region III, Chile) and Rainy River (Ontario, Canada).
Andacollo is an open-pit mine and milling operation located in central Chile, Region IV in the Coquimbo Province, and is operated by Compania Minera Teck Carmen de Andacollo (CMCA). The Andacollo mine is located in the foothills of the Andes Mountains, approximately 1.5 miles southwest of the town of Andacollo. As of June 30, 2016, the Company's subsidiary, RGLD Gold AG (RGLD Gold), owned the right to purchase over 52.25% of the payable gold produced from the Mount Milligan copper-gold project in British Columbia, Canada. The Mount Milligan project is an open-pit mine and is located within the Omenica Mining Division in North Central British Columbia, approximately 100 miles northwest of Prince George, over 50 miles north of Fort St. James and approximately 60 miles west of Mackenzie. The Pueblo Viejo mine is located in the province of Sanchez Ramirez, Dominican Republic, approximately 60 miles northwest of Santo Domingo, and is owned by a joint venture. The Wassa open pit mine and oxide ore mill are located near the village of Akyempim in the Wassa East District, in the Western Region of Ghana, approximately 50 miles north of Cape Coast and over 90 miles west of the capital Accra. Prestea is an open pit operation producing oxide ore located in the Ashanti gold district in the central eastern section of the Western Region of Ghana, approximately 10 miles south of the town of Bogoso.
Cortez is a series of open-pits and underground mines, utilizing mill and heap leach processing, and is operated by Barrick Gold Corporation (Barrick). The operation is located approximately 60 air miles southwest of Elko, Nevada, in Lander County. Its royalty interest at Cortez applies to the Pipeline, South Pipeline, part of the Gap pit and the Crossroads deposit, which are operated by subsidiaries of Barrick. The royalty interests it holds at Cortez include Reserve Claims (GSR1), GAS Claims (GSR2), Reserve and GAS Claims Fixed Royalty (GSR3) and Net Value Royalty (NVR1). The Penasquito project is located approximately 20 miles west of the town of Concepcion del Oro, Zacatecas, Mexico. The project includes over two main deposits, such as Penasco and Chile Colorado, which hosts gold, silver, zinc and lead reserves. The deposits contain both oxide and sulfide material, resulting in heap leach and mill processing.
The Company's royalty interests are applicable to all gold and copper production from the portion of the Pascua-Lama project lying on the Chilean side of the border. Pascua-Lama is a gold and silver deposit. The Rainy River project is centered within the Richardson Township in northwestern Ontario, Canada, and is operated by New Gold, Inc. The project is approximately 40 miles northwest of Fort Frances and over 100 miles south of Kenora, and approximately 260 miles west of Thunder Bay.
Acquisition and Management of Stream Interests
As of June 30, 2016, the Company owned stream interests on four producing properties and three development stage properties. The Company has investments in stream interests relating to Pueblo Viejo, Andacollo, Wassa and Prestea, and Rainy River.
Acquisition and Management of Royalty Interests
As of June 30, 2016, the Company owned royalty interests on 34 producing properties, 21 development-stage properties and 131 exploration-stage properties. As of June 30, 2016, the Company considered 50 of its properties to be evaluation-stage projects.
Royal Gold Inc
1660 Wynkoop St Ste 1000
DENVER CO 80202-1115
Company Web Links
- BRIEF-Royal Gold Q2 Loss Per Share $0.23
- BRIEF-Capital World Investors Reports A 10.2 Percent Passive Stake In Royal Gold Inc As Of Dec 29, 2017 -
- BRIEF-Royal Gold Provides Update On Its Fiscal 2018 Second Quarter
- BRIEF-Royal Gold Receives Operational Update From Mount Milligan
- BRIEF-Royal Gold increases common stock dividend to $1.00 per share