Royal Gold's Subsidiary RG Royalties Has Entered Into A Binding Commitment Letter With ACG Acquisition Company To Acquire New Royalty Interests On The Producing Serrote And Santa Rita Mines In Brazil For $250M
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Royal Gold's subsidiary, RG Royalties, has entered into a binding commitment letter with ACG Acquisition Company to acquire new royalty interests on the producing Serrote and Santa Rita mines in Brazil for $250 million.
June 12, 2023 | 8:14 am
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Royal Gold's subsidiary, RG Royalties, is set to acquire new royalty interests on the producing Serrote and Santa Rita mines in Brazil for $250 million, potentially increasing the company's revenue stream.
The acquisition of new royalty interests by RG Royalties, a subsidiary of Royal Gold, will likely have a positive impact on the company's stock price in the short term. The acquisition will provide Royal Gold with additional revenue streams from the producing Serrote and Santa Rita mines in Brazil, which could lead to increased profitability and a higher stock price.
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