Royal Gold To Buy Rainy River Output

News: US-based Royal Gold has entered a USD175mn sale and purchase agreement with New Gold to purchase a portion of the gold and silver output of the Rainy River project in Ontario, Canada. The combined open-pit underground project is scheduled to have an average annual output of 325,000 ounces (oz) in its first nine years of production. Royal Gold will receive 6.5% of the gold produced at Rainy River until 230,000oz have been delivered, and subsequently will receive an additional 3.25%....

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