Royal Gold Provides Update on Peñasquito
09 Octobre 2023 - 3:00PM
Business Wire
Royal Gold, Inc. (NASDAQ: RGLD) (together with its
subsidiaries, “Royal Gold” or the “Company,” “we” or “our”)
announced today that Newmont Corporation (“Newmont”) issued a press
release announcing that it has reached a preliminary agreement with
the National Union of Mine, Metal and Allied Workers of the Mexican
Republic (the “Union”) aiming to end the strike initiated by the
Union on June 7, 2023, at Minera Peñasquito in the Mexican State of
Zacatecas.
According to Newmont, the preliminary agreement was ratified by
the General Assembly of the Union on October 5, 2023, and this
preliminary agreement is intended to be formalized into a
definitive agreement, which the parties will have to agree,
approve, sign, and file with the Federal Labor Tribunal for
Collective Affairs in Mexico City for final approval.
Further according to Newmont, this process is expected to
conclude in the coming days, which would bring the strike to an end
and enable Newmont to start the execution of the return to work
plan to ensure a safe restart of operations.
Corporate Profile
Royal Gold is a precious metals stream and royalty company
engaged in the acquisition and management of precious metal
streams, royalties and similar production-based interests. As of
September 30, 2023, the Company owned interests on 181 properties
on five continents, including interests on 39 producing mines and
22 development stage projects. Royal Gold is publicly traded on the
Nasdaq Global Select Market under the symbol “RGLD.” The Company’s
website is located at www.royalgold.com.
Forward-Looking Statements: This press release includes
“forward-looking statements” within the meaning of U.S. federal
securities laws. Forward-looking statements are any statements
other than statements of historical fact. Forward-looking
statements are not guarantees of future performance, and actual
results may differ materially from these statements.
Forward-looking statements are often identified by words like
“will,” “may,” “could,” “should,” “would,” “believe,” “estimate,”
“expect,” “anticipate,” “plan,” “forecast,” “potential,” “intend,”
“continue,” “project,” or negatives of these words or similar
expressions. Forward-looking statements include, among others,
Newmont’s statements about formalizing its preliminary agreement
with the Union, the timing of the end of the labor strike, the
timing of resumption of operating activities and ramp up, and the
future of Peñasquito and related union and labor relations.
Forward-looking statements are based on current expectations,
estimates and assumptions that involve risks and uncertainties that
could cause actual results to differ materially from those
projected. The risks and uncertainties that could cause actual
results to differ materially from those in the forward looking
statements include, without limitation, the operator’s inability to
negotiate a definitive agreement with the Union; actions of the
Federal Labor Tribunal for Collective Affairs; risks of doing
business in foreign jurisdictions; operational risks associated
with mining and mineral processing; and other risks detailed in
Royal Gold’s Annual Report on Form 10-K for the year ended December
31, 2022, available on Royal Gold’s website at royalgold.com and on
the Securities and Exchange Commission website at
http://www.sec.gov. Other unpredictable or unknown factors not
discussed in this release could also have material adverse effects
on forward-looking statements.
Forward-looking statements speak only as of the date on which
they are made. We disclaim any obligation to update any
forward-looking statements, except as required by law. Readers are
cautioned not to put undue reliance on forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20231009608877/en/
For further information, please contact: Alistair Baker
Vice President Investor Relations and Business Development (720)
554-6995
Royal Gold (NASDAQ:RGLD)
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