High River Gold Mines Ltd HRIVF

Royal Gold Reports...

[dagold]

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

[Novaman67]

Excellent work dagold......thanks      NM67

[discern1]

With the reduction of this payment, in Q4 and 30,000 oz of production, the 25% royalty for these ounces will be reduced to 23% (2% will be give to Royal Gold perpetually).  This works out to an increase of 30,000 * 0.23 *1350/oz= 9.4 million extra for Q49.4 million / 800 million shares  = 1.2 cents/shareLets call this an additional 5cents/share for next year.Having this payment completed

[topoftheridge]

Dagold, thanks for finding this.... help me here, so is this official then that the ~$100 million+ worth of "strategic investments" owned by HRG is now "realeased" by Royal Gold? and HRG is now free to use it? ie sell the shares, etc...? Is this not material? does this not "change" the value of HRG? Why was this not press released? Should this not have been "