That makes zero sense. RGLD is a royalties company. Investors pay a premium for these types of companies because they have upside to higher gold prices and don't have to worry about mining cost inflation. No way, would RGLD ever consider buying TC.
Agree, they are not in the mining business. The only way they buy this is if they have a buyer alreadt lined up to take it off their hands and run it, and the logistics of that deal would boggle my mind.
Hmmm over the life of the mine they'll be paying TC 1.1 billion for the 1/2 the gold. Or they could buy the the whole thing for 500m right now...save themselves 1.1 billion long term AND the get rest of the gold plus all the copper and moly for free.
Maybe they should think about going into the mining business.