Royal Gold provides update on acquisition of Serrote, Santa Rita mines

Royal Gold announced that ACG Acquisition, or ACG, provided an update that ACG continues to discuss potential improvements to its transaction structure with its anchor investors and Appian Capital Advisory; ACG has not, however, reached agreement with the respective parties at this time; and if no agreement is reached, ACG’s acquisition of the entities owning the Serrote and Santa Rita mines will not complete. In addition, ACG noted that the long-stop date to ACG’s acquisition is August 18, 2023, after which either of ACG or Appian may terminate the acquisition agreement (unless the long-stop date is extended by mutual agreement). Royal Gold will provide an update as and when appropriate.