Royal Gold signs formal agreements for three projects in Nariño

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After resuming exploration work on April 20, Royal Gold began final negotiations with the owners of informal gold mines called La Esmeralda, La Candelaria and San Miguel in the Los Andes-Sotomayor municipality in the Nariño district. The agreements form part of the national formalization policy driven by the Colombian Ministry of Mining and Energy, where the mining company returns part of the concession land to the informal miners, and in exchange receives a 3% royalty on the extracted doré, in addition to exclusive exploration rights in the concession area.

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