Royal Gold, Inc. (RGLD) Monday said its wholly-owned subsidiary, International Royalty Corporation, has reached a deal with Tether Investments, S.A. de C.V. and Nemesia S.à.r.l to sell 11.8 million shares to Tether and 11.8 million shares of Versamet to Nemesia at C$8.75 per share, for about C$207 million.
These sales are undertaken with the support of Versamet's Board of Directors.
"The disposition of the Versamet shares is in line with our stated objective of simplifying the Sandstorm portfolio," commented Bill Heissenbuttel, President and CEO of Royal Gold. "We will apply the proceeds to debt repayment, which is consistent with our focus on repaying the borrowings we incurred to complete the recent Sandstorm and Kansanshi acquisitions.
Immediately prior to the sales, Royal Gold, through IRC, will hold beneficial ownership of, or control and direction over, 23.7 million Versamet shares, representing approximately 25% of Versamet common shares.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.