Royal Gold acquires 2% royalty on Penasquito from Minera Kennecott

Minera Kennecott S.A. De C.V. has agreed to sell its 2% net smelter return royalty on the Penasquito project in Zacatecas, Mexico to Royal Gold (RGL-T, RGLD-Q) for US$100 million.The transaction, expected to close in early 2007, consists of US$80...

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