Royal Gold Acquires Gold Stream On Ero Copper’s NX Gold Mine

DENVER, CO - Royal Gold, Inc. reported that its wholly-owned subsidiary RGLD Gold AG (“RG AG”) has entered into a precious metals purchase agreement (Stream Agreement” for gold produced from the NX Gold Mine in Brazil with Ero Gold Corporation.

“We are pleased to complete this gold stream investment on the highly prospective NX Gold Mine,” said, Bill Heissenbuttel, President and CEO . “The NX Gold Mine is a low-cost operating mine with a history of reserve replacement and resource additions, and Ero is a high-quality and well-funded operator with a proven record of exploration success. In addition to supporting near-mine and regional exploration efforts, we are pleased to incorporate delivery-based payments dedicated to supporting Ero’s ESG programs in the local communities around the mine.

This acquisition meets our strategic criteria for investment,” continued Mr. Heissenbuttel, “which include gold revenue, immediate cash flow, a large land package with significant exploration potential, and underutilized installed processing capacity, all backed by a management team that has a solid plan to realize the mine’s full potential. The acquisition structure is also unique and provides incentives for Ero to continue its planned exploration and resource growth programs to the long-term benefit of Royal Gold, Ero and other stakeholders of the NX Gold Mine.”