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Royal Gold International, Inc. & R G International, LLC acquires and manages precious metals stream, mines and royalty interests, with a primary focus on gold mining and gold export from West Africa. The Company’s portfolio provides investors ,buyers and sellers with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with gold buying, selling and mining operations.
To acquire a royalty, Royal Gold international buys a percentage of the mines and metal produced from a mineral property in exchange for an initial payment. Existing royalties are acquired outright from either a mineral resource company, gold miners in West Africa or a private party; new royalties are generally created by providing capital to an operator or explorer in exchange for a royalty. Precious metal streams and mines are purchase agreements with mine operators that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. Except for one joint venture property where we conduct exploration, we do not conduct work on the properties in which we hold stream and royalty interests, and we are not responsible for contributing to exploration, operating, environmental or capital costs on those properties.
Royal Gold International owns a large portfolio of producing, development, evaluation and exploration stage streams and royalties located in some of the world’s most prolific gold regions in West Africa. Approximately 90% of our reserves and revenue in fiscal 2016 was derived from West Africa, and 10% from South Africa, Uganda and Kenya. With this high quality portfolio, Royal Gold International maintains upside potential through exploration successes by the operators and generally benefits when new reserves are discovered and produced. This successful business model generates strong cash flow and high margins with a lower cost structure, providing shareholders with a premium precious metals investment.
Royal Gold International is based in New York City, and is looking to begin trading on the NASDAQ Global Select Market in 2018, under the symbol “RGIINC.”