Press release
Royal Gold to Sell Versamet Shares and Apply Proceeds to Debt Repayment
DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that
About this update from Royal Gold, Inc.
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nRoyal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we” or “our”) announced today that its wholly-owned subsidiary, International Royalty Corporation (“IRC”), has entered into purchase and sale agreements with each of Tether Investments, S.A. de C.V. (“Tether”) and Nemesia S.à.r.l (“Nemesia”) pursuant to which IRC has agreed to sell 11,827,273 common shares of Versamet Royalties Corporation (“Versamet”) to Tether and 11,827,272 common shares of Versamet to Nemesia at a price of C$8.75 per common share, for aggregate consideration of C$206,977,268.75. These sales are undertaken with the support of Versamet’s Board of Directors. IRC became the registered and beneficial holder of such Versamet shares as a result of the amalgamation of IRC and a successor to Sandstorm Gold Ltd. (“Sandstorm”), following Sandstorm’s acquisition by IRC on October 20, 2025.\n\n\n“The disposition of the Versamet shares is in line with our stated objective of simplifying the Sandstorm portfolio,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “We will apply the proceeds to debt repayment, which is consistent with our focus on repaying the borrowings we incurred to complete the recent Sandstorm and Kansanshi acquisitions. The Versamet shares were identified as non-core and not material in our valuation of the Sandstorm transaction, and we are pleased to demonstrate progress on realizing value from non-core assets quickly after closing these transactions.”\n\n\nImmediately prior to the sales, Royal Gold, through IRC, will hold beneficial ownership of, or control and direction over, 23,654,545 Versamet shares, representing approximately 25% of the issued and outstanding Versamet common shares on an undiluted basis. Upon the closing of the sales, Royal Gold will cease to have any beneficial ownership of, or control and direction over, any Versamet shares or any securities convertible into Versamet shares.\n\n\nRoyal Gold has caused IRC to undertake the sales of Versamet shares to monetize IRC’s investment in Versamet.\n\n\nThis news release is being issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.\n\n\nAn early warning report in respect of the disposition will be filed by Royal Gold on SEDAR+...