By Kyle Morris
Rio Tinto PLC said Tuesday that it has completed the sale of a gold royalty on an area including the Cortez mine operational area and the Fourmile development project in Nevada to RG Royalties LLC for $525 million in cash.
The mining company said the deal unlocks value from the portfolio and releases cash immediately.
RG Royalties is a direct, wholly owned subsidiary of Royal Gold Inc.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
08-02-22 0248ET