Announced
Completed
Royal Gold to acquire Cortez Gold Royalty from Rio Tinto for $525m.
Synopsis
Royal Gold, a precious metals stream and royalty company, agreed to acquire Cortez Gold Royalty, a gold mine, from Rio Tinto, a global mining group, for $525m. “This transaction unlocks hidden value from our portfolio and releases cash immediately,” Peter Cunningham, Rio Tinto CFO.
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