Royal Gold Pays $200M To Up Its Stake In Canadian Mine

Law360, New York (August 10, 2012, 4:03 PM EDT) -- Royal Gold Inc. will pay $200 million for an additional 12.25 percent share of the gold from a Thompson Creek Metals Co. mine under construction in British Columbia, lifting its stake in the mine's future production to 52.5 percent, the company announced Thursday.

Royal Gold will pay Thompson in cash and a per-ounce payment that will be the lesser of $435 or the prevailing market price. Those are the same terms under which Royal Gold upped its production interest in December from 25 to 40 percent....
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