Royal Gold completed the acquisition of Great Bear Royalties for $152m.

Royal Gold, a company which provides investors exposure to precious metals without many of the risks of investing in traditional precious metal producers, completed the acquisition of Great Bear Royalties, a precious metals royalty and streaming company, for $152m. “I am pleased to announce the closing of this friendly transaction with Great Bear Royalties Corp. The acquisition provides Royal Gold exposure to Canada’s newest major gold discovery, the Great Bear Project, and furthers our strategic objective of acquiring quality, long lived assets with excellent operators in favorable jurisdictions," Bill Heissenbuttel, Royal Gold President and CEO.