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LONDON, August 02, 2022--(BUSINESS WIRE)--Rio Tinto has completed the sale of a royalty it holds on an area including the Cortez mine operational area and the Fourmile development project in Nevada (the "Cortez Complex") to RG Royalties LLC, a direct wholly-owned subsidiary of Royal Gold Inc., for $525 million in cash.
The Cortez Royalty is a 1.2%1 gross production royalty on (i) the Cortez gold mine that is operated by Nevada Gold Mines, a joint venture between Barrick Gold Corporation ("Barri...
>>> Read more: Rio Tinto completes sale of Cortez Gold Royalty for $525 million in cash
The Cortez Royalty is a 1.2%1 gross production royalty on (i) the Cortez gold mine that is operated by Nevada Gold Mines, a joint venture between Barrick Gold Corporation ("Barri...
>>> Read more: Rio Tinto completes sale of Cortez Gold Royalty for $525 million in cash
