Royal Gold Announces Additional Agreement With Centerra That Provides For Mine Life Extension At Mount Milligan; Company Will Receive Approximately $125M
Portfolio Pulse from Benzinga Newsdesk
Royal Gold has entered into an additional agreement with Centerra, extending the mine life at Mount Milligan. Under this agreement, Royal Gold will receive approximately $125 million. This strategic move is expected to enhance Royal Gold's revenue stream from the mine over the extended period.
February 14, 2024 | 11:47 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Royal Gold's agreement with Centerra to extend the mine life at Mount Milligan, receiving about $125M, is expected to positively impact its revenue and financial stability.
The agreement with Centerra not only ensures a significant cash inflow of approximately $125 million for Royal Gold but also extends the operational life of the Mount Milligan mine. This extension is likely to result in sustained revenue generation from the mine, positively affecting Royal Gold's financial health and potentially its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90