Royal Gold acquires additional royalty interests on the Cortez gold complex for $204 million RoyalGold
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The area within the Cortez Complex is owned or controlled by Nevada Gold Mines, a joint venture between Barrick Gold and Newmont , with the exception of the Fourmile development project which is 100% owned and operated by Barrick. Importantly, Royal Gold noted that the Idaho Royalty is life of mine, is not subject to any stepdowns or caps, and there are no deductions applicable, adding that the Idaho Royalty is currently generating revenue and covers a total area of approximately 630 square miles.
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