On Friday, Shares of Royal Gold, Inc (USA) (NASDAQ:RGLD), lost -3.60% to $56.85.
Royal Gold, declared that its wholly owned partner RGLD Gold AG reached a $525 million gold offtake agreement with Compañía Minera Teck Carmen de Andacollo (“CMCA”), a 90% owned partner of Teck Resources Limited. The transaction will encompass certain exploitation concessions by CMCA on the Carmen de Andacollo copper-gold mine, any mining concessions attained within a 1.5 kilometer area of interest, and certain other mining concessions that CMCA may acquire.
The offtake agreement on Carmen de Andacollo is separate and distinct from the former royalty of Royal Gold Chile Limitada, a wholly owned partner of RGI (“RG Chile”), on the Carmen de Andacollo mine, which was terminated with an economic effective date of June 30, 2015.
Royal Gold, Inc., together with its auxiliaries, acquires and manages precious metals royalties, metal streams, and similar interests. It focuses on acquiring royalty interests or to finance projects that are in production or in development stage in exchange for royalty interests.
Finally, Eagle Rock Energy Partners, L.P. (NASDAQ:EROC), ended its last trade with - 6.48% loss, and closed at $2.02.
Eagle Rock Energy Partners, declared it will hold a special meeting of unitholders in connection with the projected merger with Vanguard Natural Resources (VNR) on September 17, 2015. At the special meeting, Eagle Rock unitholders will meet for the following purposes: (i) to consider and vote on the adoption of the formerly declared Agreement and Plan of Merger, dated as of May 21, 2015, by and among Eagle Rock, Vanguard, and various of their respective associates and (ii) to consider and vote on an advisory, non-binding basis to approve the merger-related compensation payments that, following pre-existing contractual arrangements, may become payable to Eagle Rock’s named executive officers in connection with the merger.
Eagle Rock unitholders of record at the close of business on August 6, 2015 will be entitled to receive notice of the special meeting and to vote at the special meeting.
Eagle Rock Energy Partners, L.P., together with its auxiliaries, develops and produces oil and natural gas properties in the United States. The company also engages in ancillary gathering, compressing, treating, processing, and marketing services with respect to its production of natural gas, natural gas liquids, condensate, and crude oil.
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