Royal Gold Completes Major Stake Sale to Tether Investments and Nemesia in Strategic Portfolio Restructuring
Royal Gold, Inc. (RGLD) has announced a significant transaction involving its wholly-owned subsidiary, International Royalty Corporation, striking a deal with Tether Investments, S.A. de C.V. and Nemesia S.à.r.l to divest Versamet holdings. The transaction sees Tether Investments acquiring 11.8 million shares while Nemesia receives an equal number of shares at C$8.75 per share, translating to approximately C$207 million in total proceeds.
This strategic divestment has garnered support f
Royal Gold, Inc. (RGLD) has announced a significant transaction involving its wholly-owned subsidiary, International Royalty Corporation, striking a deal with Tether Investments, S.A. de C.V. and Nemesia S.à.r.l to divest Versamet holdings. The transaction sees Tether Investments acquiring 11.8 million shares while Nemesia receives an equal number of shares at C$8.75 per share, translating to approximately C$207 million in total proceeds.
This strategic divestment has garnered support f