10:36 AM EST - Royal Gold, Inc. : announced that it has entered into agreements with Seabridge Gold, Inc. to acquire an option to purchase a 1.25% net smelter return royalty on all of the gold and silver production from the Kerr-Sulphurets-Mitchell project in northwest British Columbia. Royal Gold has also agreed to purchase 1,019,000 shares of Seabridge common stock for $30 million. The royalty option is contingent upon Royal Gold holding the shares for a minimum of nine months, and paying $100 million if the option is exercised. Royal Gold, Inc.
shares T.RGL are trading up $0.68 at $55.84.
