Royal Gold is a precious metals company with royalty claims on gold, silver, copper, lead and zinc at mines in over 20 countries (12 in the Americas, most of the rest spread between Africa, Western Europe and Australia). Over half of the developmental properties it has interests in are producing however most (130 representing 70% of all properties) have not passed the exploration stage. Not all contracts are the same, some like the one it has with Thompson Creek Metals regarding a quarter of the gold produced at Mount Milligan lasts the length of the mine's life while others like Taparko in West Africa which ranges depending on the price of gold and the one in Pascua Lama (El Indio Gold Belt) where the 5. 23% royalty is contingent on gold prices (must be higher than $800 an ounce) are structured differently; Most claims are between 1% and 5% but a few like Andacolo (75%) and Taparko (15%) are over 10%. It also has an interest in Osisko Mining's Malartic gold project within the abitibi gold belt (1. 0-1. 5%, will be Canada's largest when production begins in 2012).
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