Rio Tinto Completes Sale of Cortez Gold Royalty for $525 Million
August 02 2022 - 2:03AM
Dow Jones News
By Kyle Morris
Rio Tinto PLC said Tuesday that it has completed the sale of a
gold royalty on an area including the Cortez mine operational area
and the Fourmile development project in Nevada to RG Royalties LLC
for $525 million in cash.
The mining company said the deal unlocks value from the
portfolio and releases cash immediately.
RG Royalties is a direct, wholly owned subsidiary of Royal Gold
Inc.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
August 02, 2022 02:48 ET (06:48 GMT)
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