IN BRIEF: Rio Tinto sells Cortex gold royalty for USD525 million
2nd Aug 2022 09:25
Rio Tinto PLC - Anglo-Australian miner - Completes the sale of its Cortex gold royalty to RG Royalties LLC for USD525 million in cash. RG Royalties is a direct wholly-owned subsidiary of Royal Gold Inc. Says that the Cortex royalty is a 1.2% gross production royalty on the Cortez gold mine that is operated by Nevada gold mines, a joint venture between Barrick Gold Corp and Newmont Corp, and the Fourmile project which is 100% owned and operated by Barrick. Read More