Royal Gold Starting To Profit From New Gold Mine

Posted on Wednesday, February 14, 2018 09:48 AM

Royal Gold is beginning to benefit from its financial arrangement with New Gold.

It's says it's receiving its first deliveries of gold and silver from the Rainy River mine as part of that agreement signed in 2015.

Royal Gold provided New Gold with 175-million dollars to aid in the mine's construction in return for a percentage of the gold and silver produced.

New Gold is expected to deliver 21,500 ounces of gold and 185-thousand ounces of silver to Royal Gold this year as part of the deal.