M&A Deal Summary

Royal Gold Acquires Ruby Hill Mining

On May 23, 2012, Royal Gold acquired metals/mining company Ruby Hill Mining from International Minerals for 38M USD

Acquisition Highlights
  • This is Royal Gold’s 7th transaction in the Metals/Mining sector.
  • This is Royal Gold’s 7th largest (disclosed) transaction.
  • This is Royal Gold’s 4th transaction in the United States.
  • This is Royal Gold’s 1st transaction in Nevada.

M&A Deal Summary
Date 2012-05-23
Target Ruby Hill Mining
Sector Metals/Mining
Buyer(s) Royal Gold
Sellers(s) International Minerals
Deal Type Divestiture
Deal Value 38M USD

Target

Ruby Hill Mining

Nevada, United States
The Ruby Hill mine is a surface gold mine located in eastern Nevada on the Battle Mountain/Eureka Trend.16.8 million tons of ore, at an average grade of 0.058 ounces per ton, containing approximately 978,000 ounces of gold.

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Buyer(S) 1

Buyer

Royal Gold

Denver, Colorado, United States
Category Company
Founded 1981
Sector Metals/Mining
Employees30
Revenue 606M USD (2023)
DESCRIPTION

Royal Gold is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 198 properties on six continents, including interests on 37 producing mines and 23 development stage projects. Royal Gold was founded in 1981 and is based in Denver, Colorado.

DEAL STATS #
Overall 7 of 10
Sector (Metals/Mining) 7 of 10
Type (Divestiture) 7 of 9
State (Nevada) 1 of 1
Country (United States) 4 of 4
Year (2012) 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 Tulsequah Chief Project

British Columbia, Canada

The Tulsequah Chief project is a high grade polymetallic deposit located in northwestern British Columbia, approximately 40 miles northeast of Juneau, Alaska.Chieftain has reported mineralization consisting of indicated resources totaling 6.0 million tonnes (2.63 g/t gold; 96.0 g/t silver), containing 0.5 million ounces of gold and 18.6 million ounces of silver.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 El Morro copper gold project

Chile

El Morro copper gold project proven and probable reserves totaled 9.5 million ounces of gold and 7 billion pounds of copper on a 100% basis.

Buy $35M

Seller(S) 1

SELLER

International Minerals

Scottsdale, Arizona, United States
Category Company
Founded 1986
Sector Metals/Mining
DESCRIPTION

International Minerals Corp.engages in the gold projects in Nevada. It primarily owns a 40% interest in the Pallancata silver mine and Inmaculada gold-silver project located in southern Peru.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
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