India, May 21 -- Royal Gold, Inc. (RGLD), a precious metals stream and royalty company, on Wednesday announced that its wholly-owned subsidiary RGLD Gold AG signed a gold purchase and a net smelter return royalty agreement for all metals from the Warintza Project in southeastern Ecuador, operated by Solaris Resources.
The total cash consideration is $200 million and is expected to be paid in three cash installments.
The company plans to fund the first $100 million installment of the Advance with cash on hand and cover the remaining $100 million using existing cash resources.
The company plans to start early project works in the second half of 2026, make a construction decision by the end of 2026, and begin potential production by 2030.
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