GREY:HRIVF - Post by User
Post by
dagoldon Nov 04, 2010 12:13pm
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Post# 17657543
Royal Gold Reports...
Royal Gold Reports...Taparko-Bouroum production of 30,587 oz for Q3 and the $35 M debt paid in full as of 30 Sep 2010 (see royalgold.com). Therefore, all collateral stocks (Detour Gold, etc.) held by Royal Gold should have been released to HRG thereby further improving our cash position.
"Taparko – In September 2010, the Company's $35 million cap on the 15% (TB-GSR1) royalty was met. As a result, both the TB-GSR1 royalty and the sliding-scale (TB-GSR2) royalty have ceased. A 2.0% (TB-GSR3) perpetual royalty, applicable to gold production from defined portions of the Taparko-Bouroum project area, is now in effect. TB-MR1, a 0.75% GSR milling royalty which applies to ore that is mined outside of the defined area of the Taparko project, also remains in effect".
dagold