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News Breaks
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December 15, 2011
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| 09:05 EDT |  | TC, RGLD |
| theflyonthewall.com: | Royal Gold increases gold stream interest in Mt. Milligan project | | Royal Gold (RGLD) has agreed to acquire, through its wholly-owned subsidiary RGLD Gold AG, an additional 15% of the payable gold produced from the Mt. Milligan copper-gold project, located in British Columbia, from a subsidiary of Thompson Creek Metals Company (TC). Consideration for the new transaction is $270M and cash payments equal to the lesser of $435 or the prevailing market price for each payable ounce of gold delivered to Royal Gold. This restructured Delivery Payment replaces and simplifies the payment structure in the original Mt. Milligan transaction announced in July 2010. Combined with the Original Transaction, Royal Gold will be entitled to 40% of the payable gold produced from Mt. Milligan for total consideration of $581.5M and the Delivery Payment. :theflyonthewall.com |
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May 23, 2012
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| 18:01 EDT | | RGLD |
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May 22, 2012
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| 08:09 EDT |  | RGLD |
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May 20, 2012
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| 09:40 EDT | | TC |
| theflyonthewall.com: | Thompson Creek reports a slough at its Thompson Creek Mine | | Thompson Creek Metals reported that on May 15, a wall slough occurred in the Phase 7 mining area of the Thompson Creek mine. The Company believes the slough resulted from water pressure behind the wall due to seasonal run-off. There were no injuries or equipment damage and management believes that the event will not have a material impact on the current mine plan. Management will continue to evaluate the potential impacts, if any, to the company's 2012 production and cost guidance for the mine. :theflyonthewall.com |
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