Investment Summary

Royal Gold Invests In El Morro copper gold project

On August 7, 2013, Royal Gold invested in metals/mining company El Morro copper gold project from Xstrata Copper Chile S.A. for 35M USD

Investment Highlights
  • This is Royal Gold’s 8th transaction in the Metals/Mining sector.
  • This is Royal Gold’s 10th largest (disclosed) transaction.
  • This is Royal Gold’s 2nd transaction in Chile.

Investment Summary

Date 2013-08-07
Target El Morro copper gold project
Sector Metals/Mining
Investor(s) Royal Gold
Sellers(s) Xstrata Copper Chile S.A.
Deal Type Stake Purchase
Deal Value 35M USD

Target

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.

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Investor(S) 1

Investor

Royal Gold

Denver, Colorado, United States

Category Company
Founded 1981
Sector Metals/Mining
Employees30
Revenue 719M USD (2024)
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 8 of 12
Sector: Metals/Mining M&A 8 of 12
Type: Stake Purchase M&A Deals 1 of 1
Country: Chile M&A 2 of 2
Year: 2013 M&A 1 of 1
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-23 Ruby Hill Mining Co.

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.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 The Phoenix Gold Project

Red Lake, Ontario, Canada

The Phoenix Gold Project deposit extends 1,650 meters below surface, and remains open at depth and along strike. Gold production is projected to commence 12-14 months following the completion of the remaining financing.

Buy $75M

Seller(S) 1

SELLER

Xstrata Copper Chile S.A.

Santiago, Chile

Category Company
Sector Metals/Mining
DESCRIPTION

Xstrata Copper Chile S.A. engages in mining of gold and copper.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Chile M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 1 of 1