Royal Gold, Inc. · NASDAQ:RGLD
Royal Gold — Merger or Acquisition (June 2023)
13 slides from Royal Gold's merger presentation, Jun 12, 2023
Slide 1: Royal Gold Commits to Acquire Royalties on Serrote and Santa Rita Mines
Royal Gold Commits to Acquire Royalties on Serrote and Santa Rita Mines Producing base metal mines expected to provide attractive long-term precious metal royalty exposure June 12, 2023
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements: This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of futu
Slide 3: Proposed Acquisition Meets Royal Gold's Investment Criteria
Proposed Acquisition Meets Royal Gold’s Investment Criteria Transaction on producing Serrote and Santa Rita mines expected to provide immediate and diversified revenue • ACG Acquisition Company Ltd., to be renamed ACG Electric Metals, is a London-listed base metals company with well-known and experi
Slide 4: Overview of Proposed Acquisition
Overview of Proposed Acquisition Transaction Details • RG Royalties, LLC, a wholly-owned subsidiary of Royal Gold, Inc., to acquire royalties: • $215M cash payable on closing in return for precious metal royalties: • Serrote – 85% of payable Au (93% payability) until $250M revenue threshold, and 45%
Slide 5: Overview of Proposed Acquisition (continued)
Overview of Proposed Acquisition (continued) Security • Royal Gold interests will be secured by pledges of the direct and indirect ownership interests held by ACG Electric Metals in the Serrote and Santa Rita mines, subordinated to the interests of senior bank lenders who have agreed to provide ACG
Slide 6: Santa Rita Overview
Santa Rita Overview* Nickel open pit mine with underground development potential in Bahia State, Brazil Source: Appian Capital Advisory LLP. All LoM metrics shown from 2023 to 2054. Notes: 1. Consensus model pricing assumed. As per 2023 Santa Rita CPR (as defined below). Technical information regard
Slide 7: Serrote Overview
Serrote Overview* Copper/gold open pit mine in Alagoas State, Brazil Source: Appian Capital Advisory LLP. All LoM metrics shown from 2023 to 2034. Notes: 1. Consensus model pricing assumed. As per 2023 Serrote CPR report. 2. Reserves include proven and probable reserves. 3. Resources include measure
Slide 8: Long-Life NiEq Production
Long-Life NiEq Production* Combined production profile has expansion and extension potential • Serrote • Open pit production expected to continue through 2034 • Caboclo-Rogério deposit could provide future additional ore source and extend mine life • Oxide processing plant could provide expanded pro
Slide 9: Potential for Resource Conversion
Potential for Resource Conversion* Future resource conversion at Santa Rita and Serrote provides potential for mine life extensions *All information on this slide has been provided to Royal Gold by ACG Acquisition Company Ltd. ROYAL GOLD, INC. | SERROTE AND SANTA RITA ROYALTY ACQUISITIONS | JUNE 12,
Slide 10: Potential for Further Growth from Regional Exploration
Potential for Further Growth from Regional Exploration* Future resource and production growth potential exists on large and relatively unexplored land packages *All information on this slide has been provided to Royal Gold by ACG Acquisition Company Ltd. ROYAL GOLD, INC. | SERROTE AND SANTA RITA ROY
Slide 11: ACG Electric Metals Overview
ACG Electric Metals Overview London-listed base metals company formed to provide security of supply, full supply- chain accountability and low carbon emissions products to industrial customers • ACG Acquisition Company Limited (“ACG”) is a special purpose acquisition company • ACG raised proceeds of
Slide 12: Serrote and Santa Rita Royalties Fit Our Acquisition Criteria
Serrote and Santa Rita Royalties Fit Our Acquisition Criteria Two producing base metal mines with precious metals credits provide revenue diversification ACG Electric Metals is a high-quality, well-capitalized and growth- People focused counterparty with experienced management Brazil is a mining f
Slide 13: Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com
Tel. 303.573.1660 investorrelations@royalgold.com www.royalgold.com