Royal Gold, Inc. (NasdaqGS:RGLD) will look for acquisitions. William H. Heissenbuttel, President, Chief Executive Officer & Director said, "We renewed our revolving credit facility, extending the maturity by 2 years and securing a source of nondilutive financing for our future acquisitions". "We're finding opportunities in our core area. And as far as the size of the acquisitions, I think we've been talking about sort of $100 million to $500 million for a number of quarters. So a couple of these are at the lower end, but you're going to -- I think you're going to find more opportunities in that range than you are at the $800 million, $900 million ones. But look, we're positioned for those too when and if they come".
Royal Gold, Inc. is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. The Company's segments include Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. The Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any. The Company owns interests on approximately 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects.