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Royal Gold, Inc., (NASDAQ: RGLD; TSX: RGL), which has interests in Ghana’s Wassa and Prestea mines, has announced updated estimates for ore reserves and mineralised material as of December 31, 2015.
These figures are provided by the operators of properties on which the Company holds royalties, streams and similar interests, or are obtained by Royal Gold through publicly available information.
At the end of calendar 2015, precious metals reserves on properties subject to the Company’s interests were 86.1 million ounces of gold and 779.5 million ounces of silver.
This compares to reserves of 73.7 million ounces of gold and 764.0 million ounces of silver estimated as of December 31, 2014.
After applying the Company’s interests to the reserves noted above, net gold reserves attributable to Royal Gold totaled 5.8 million ounces, compared with 5.1 million ounces at year-end 2014.
On a gold equivalent basis, using a silver to gold ratio of approximately 77:1, precious metals reserves attributable to Royal Gold increased 21% to 6.4 million ounces, on a net reserve basis, compared with 5.3 million ounces for the same period ended 2014.
The increase in reserves were primarily due to our acquisition of the Wassa and Prestea, Rainy River, Andacollo and Pueblo Viejo streams.
Royal Gold is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests. The Company owns interests on 193 properties on six continents, including interests on 38 producing mines and 24 development stage projects. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD,” and on the Toronto Stock Exchange under the symbol “RGL.”
Source: http://classfmonline.com/1.9040598
