Rio Tinto completes sale of Cortez gold royalty to Royal Gold for $525 million in cash kitconews gold silver investing finance mining metals economics
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According to the company's statement, the Cortez royalty is a 1.2% gross production royalty on the Cortez gold mine that is operated by Nevada Gold Mines, and the Fourmile project which is 100% owned and operated by Barrick.
The Cortez Complex is situated along the Cortez/Battle Mountain trend and is located 100 kilometers southwest of the town of Elko, Nevada in the Lander and Eureka counties.
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