Royal Gold, Inc. Announces Resignation of Gordon J. Bogden as Director
June 16, 2017 at 10:00 pm
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On June 15, 2017, Gordon J. Bogden tendered his resignation from the Board of Directors of Royal Gold, Inc. effective June 30, 2017. Mr. Bogden's resignation from the Board was not a result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. On June 15, 2017, pursuant to its authority under the company's bylaws, the Board decreased the size of the Board from nine to eight directors effective June 30, 2017.
Royal Gold, Inc. is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests. The Company's segments include Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment includes a metal stream, which is a purchase agreement that provides the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. The Acquisition and Management of Royalty Interests segment includes non-operating interests in mining projects that provide the right to revenue or metals produced from the project after deducting specified costs, if any. The Company owns interests on approximately 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects.