Royal Gold's royalty acquisition on Serrote/Santa Rita mines terminated due to ACG-Appian deal collapse

ROYAL GOLD INC

Royal Gold's planned acquisition of royalties on Serrote and Santa Rita mines in Brazil was contingent on ACG's purchase of those mines from Appian.
ACG terminated its acquisition of the mines from Appian, so Royal Gold cannot proceed with its royalty acquisition.
CEO Bill Heissenbuttel called it a good opportunity but said events beyond Royal Gold's control precluded completion.
Royal Gold continues to seek transactions that meet its strategic criteria, with no financial penalty disclosed for the termination.

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