XML 36 R7.htm IDEA: XBRL DOCUMENT
v2.4.1.9

ACQUISITIONS | 6 Months Ended
--- | ---
Dec. 31, 2014
ACQUISITIONS |
ACQUISITIONS | 2.ACQUISITIONS Acquisition of Gold Stream on Euromax’s Ilovitza Project On October 20, 2014, RGLD Gold AG (“RGLD Gold”), a wholly owned subsidiary of the Company, entered into a $175.0 million gold stream transaction with Euromax Resources Ltd (“Euromax”) that will finance a definitive feasibility study, permitting work, early stage engineering and a significant portion of the construction at Euromax’s Ilovitza gold-copper project located in southeast Macedonia. RGLD Gold will make two advance deposit payments to Euromax totaling $15.0 million, which will be used for completion of the definitive feasibility study and permitting of the project, followed by payments aggregating $160 million towards project construction, in each case subject to certain conditions. Payment of the first $7.5 million deposit is conditioned upon Euromax raising an additional $5 million in equity, which was completed in January 2015, and the satisfaction of certain other conditions. R GLD Gold’s decision to proceed with the second $7.5 million deposit and the construction payments is conditioned upon, among other things, its satisfaction with the progress of definitive feasibility study and environmental evaluations, demonstrated project viability, and, in the case of the construction payments, sufficient project financing and permits to construct and operate the mine. The construction payments would be paid pro-rata with the balance of the project funding. In exchange, Euromax will deliver physical gold equal to 25% of gold produced from the Ilovitza project until 525,000 ounces have been delivered, and 12.5% thereafter (in each case subject to adjustment). RGLD Gold’s purchase price per ounce will be 25% of the spot price at the time of delivery. Tetlin Royalty Acquisitions On September 30, 2014, Royal Gold acquired a 2.0% net smelter return (“NSR”) royalty and a 3.0% NSR royalty held by private parties over areas comprising the Tetlin gold project located near Tok, Alaska, for total consideration of $6.0 million. As discussed in Note 13, the Tetlin gold project is now held by Peak Gold LLC (“Peak Gold”), a joint venture between subsidiaries of Royal Gold and Contango Ore Inc. The acquisition of the Tetlin royalties has been accounted for as an asset acquisition. The total purchase price of $6.0 million, plus direct transaction costs, has been recorded as an exploration stage royalty interest within Royalty and stream interests, net on our consolidated balance sheets.

X
- Details
Name: | rgld_RoyaltyAcquisitionsDisclosureAbstract
Namespace Prefix: | rgld_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of mineral royalty acquisitions completed during the period, including background, timing, and recognized assets and liabilities. This element is used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding asset acquisitions. + References No definition available. + Details
Name: | rgld_RoyaltyAcquisitionsDisclosureTextBlock
Namespace Prefix: | rgld_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration