Royal Gold, Inc. Announces Promotion of Mark Isto to Vice President Operations, Effective from July 1, 2016
June 02, 2016 at 04:30 pm EDT
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Royal Gold, Inc. announced that its Board of Directors has approved the promotion of Mark Isto to Vice President Operations, effective July 1, 2016. Mr. Isto joined Royal Gold in 2015 and previously served as Executive Director, Project Evaluation. From 2006 to 2012, Mr. Isto served at the Vice President and Senior Vice President levels in the Projects Group at Kinross Gold. Prior to joining Royal Gold, Mr. Isto served as Vice President Operations for First Nickel. In his expanded role, Mr. Isto will lead engineering and technical due diligence activities related to new business development opportunities, as well as lead the monitoring of Royal Gold’s current portfolio of royalty and streaming interests.
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.