RGLD Gold to acquire gold production from the NX Gold Mine from Ero Copper for $110m.

RGLD Gold, a wholly owned subsidiary of Royal Gold, agreed to acquire gold production from the NX Gold Mine from Ero Copper, a base metals mining company, for $110m. “In just over three years, the NX Gold Mine has developed within our organization from an asset held for sale with no mineral reserves or resources to a low-cost producer with a long-term mine life, featuring significant exploration potential and excess mill capacity to be utilized with continued exploration success. Our partnership with Royal Gold on the NX Gold Mine is an important vote of confidence on the quality of the asset and its exploration potential. This transaction unlocks considerable upfront value for Ero’s shareholders while retaining upside as we continue to grow and develop the mine," David Strang, Ero Copper CEO.