Royal Gold (RGLD) announced that Barrick Gold (ABX) reported it has decided to temporarily suspend construction activities at Pascua-Lama, except those required for environmental protection and regulatory compliance. Royal Gold holds a 0.78%-5.23% sliding scale net smelter royalty on the Chilean side of the Pascua-Lama project and is not responsible for capital costs or other costs of the project. The company does not expect Barrick’s decision will have any impact on the carrying value of its investment in the royalty at Pascua-Lama.
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- Barrick Gold
- Royal Gold