Royal Gold, Inc. Announces the Resignation of Craig Haase as Director
November 22, 2017 at 05:04 am IST
Share
Craig Haase notified the Board of Directors of Royal Gold, Inc. that he would not stand for re-election as a director of the Company at its 2017 Annual Stockholder Meeting. As a result, pursuant to its authority under the Company's bylaws, the Board decreased the size of the Board from eight to seven directors, effective November 16, 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.