Add as a preferred source on GoogleKinross Plans $43 Million Buyback of Royal Gold's Great Bear Royalty
The repurchase would cover 25% of the royalty, leaving Royal Gold with a 1.5% NSR royalty. Royal Gold reported $465 million in third-quarter revenue.
Kinross Gold plans to pay Royal Gold about $43 million to buy back 25% of its royalty on the Great Bear project. The transaction would leave Royal Gold with a 1.5% net smelter return (NSR) royalty.
Royal Gold reported third-quarter revenue of $465 million and operating cash flow of $344 million. The cash flow figure marked the company's third consecutive quarterly record.
At September-end, Royal Gold had about $1.5 billion in available liquidity. Its $1.4 billion revolving credit facility remained available.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.