Brief: Royal Gold acquires gold stream on Euromax'S Ilovitza Project

Euromax Resources

21/10/2014 14:47

Oct 21 (Reuters) - Royal Gold Inc  RGLD.O : 
 * Acquires gold stream on Euromax'S Ilovitza Project 
 * Entered into $175 million gold stream transaction with Euromax Resources Ltd 
 * Says Euromax will deliver 25% of any gold produced from the ilovitza project 
   until 525,000 ounces have been delivered 
 * Transaction will finance a significant portion of the construction of the 
   ilovitza gold-copper project in macedonia 
 * Planned production for Ilovitza gold-copper project to start in 2018 
 
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