Early payback for Royal Gold in Nevada

Six months ahead of schedule, Royal Gold (NASDAQ) has completed payments enabling it to acquire a 20% interest in the Crescent pit at the South Pipeline deposit in Nevada.

The remainder of the deposit is held by Placer Dome (TSE), the operator, and Kennecott.

Excellent mining results at the Crescent pit are responsible for the sooner-than-expected payback.

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