Royal Gold to Sale Ownership Interest in Peak Gold Project

Royal Gold, Inc. RGLD has entered into an agreement with Kinross Gold Corporation KGC to sell its shareholding interest in the Peak Gold joint-venture project in Alaska as well as common share holding in Contango Ore, Inc. for cash proceeds of total $61.3 million and increased royal interests.

Royal Gold will receive $49.2 million for the sale of a 40% ownership interest in Peak Gold, LLC, the owner of the Peak Gold project and $12.1 million for selling its holding of 809,744 shares in Contango, Royal Gold’s partner in Peak Gold, LLC.

Additionally, Royal Gold will receive an incremental 28% net smelter return (NSR) royalty on silver produced from the current resource area and an incremental 1% NSR royalty on certain State of Alaska mining, owned by Contango. This will increase Royal Gold’s royalty in this area from 2% to 3%.

Following the deal’s completion, Kinross will be the Peak

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Buckingham Palace FOR SALE? Royal residence listed by estate agent for EYE-WATERING price | Royal | News

Buckingham Palace is the London residence and the official headquarters of the British monarch, who is currently Queen Elizabeth II. The stunning building, which is located in the City of Westminster, is over 300 years old and an online estate agent has estimated just how much the historical building is worth.

Online estate agent Emoov has featured Buckingham Palace on its website, giving the appearance the Palace is up for sale.

The details of the property state it features 240 bedrooms, 19 state rooms, 78 bathrooms and has a freehold tenure.

Key features of the Palace include its close proximity to Victoria mainline station and that it has its own swimming pool, doctor’s surgery and gated security.

The description also makes a joke at the famous changing of the guard, by stating: “Every now and then, a few guards like to swap places.”

But before anyone gets too excited, the

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