Business
Royal Gold Closes Gold Hill Royalty Transaction
Royal Gold Closes Gold Hill Royalty Transaction.
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\nDENVER, Dec. 13 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL) today\nannounced that is has closed its acquisition with Nevada Star Resource Corp.\nto acquire a sliding-scale net smelter return royalty on the Gold Hill deposit\nfor $3.3 million as previously announced on October 26, 2006. The Gold Hill\ndeposit, located just north of the Round Mountain gold mine in Nye County,\nNevada, is controlled by Round Mountain Gold Corporation, a joint venture\nbetween Kinross Gold, the operator, and Barrick Gold Corporation.\n\n\nRoyal Gold is a precious metals royalty company engaging in the\nacquisition and management of precious metal royalty interests. Royal Gold is\npublicly traded on the NASDAQ Global Select Market under the symbol \"RGLD,\"\nand on the Toronto Stock Exchange under the symbol \"RGL.\" The Company's web\npage is located at www.royalgold.com.\n\n\n","length":920,"tagName":"div"}]