Hogan Helps Royal Gold Double Down On Canadian Mine

Law360, New York (December 15, 2011, 1:55 PM EST) -- Royal Gold Inc. has agreed to pay $270 million for an additional 15 percent of the gold from a Thompson Creek Metals Co. mine under construction in British Columbia, the company announced Thursday.

Combined with a 2010 agreement, Royal Gold will now own 40 percent of the gold from Mt. Milligan, a $1.2 billion gold-copper mine expected to begin production in late 2013. The company will pay a total of $582 million plus per-ounce gold payments, according to regulatory filings.

Royal Gold will pay up to...
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