ROYALTY INTERESTS IN MINERAL PROPERTIES

3 Months Ended

Sep. 30, 2011

ROYALTY INTERESTS IN MINERAL PROPERTIES

ROYALTY INTERESTS IN MINERAL PROPERTIES

2.             ROYALTY INTERESTS IN MINERAL PROPERTIES

The following summarizes the Company’s royalty interests in mineral properties as of September 30, 2011 and June 30, 2011.

As of September 30, 2011 (Amounts in thousands):	Cost		Restructuring			Accumulated Depletion			Net
Production stage royalty interests:
Andacollo	$	272,998	$	—		$	(17,065	)	$	255,933
Voisey’s Bay	150,138		—			(18,505		)	131,633
Peñasquito	99,172		—			(6,209		)	92,963
Las Cruces	57,230		—			(3,318		)	53,912
Mulatos	48,092		—			(14,986		)	33,106
Wolverine	45,158		—			(260		)	44,898
Dolores	44,878		—			(4,500		)	40,378
Canadian Malartic	38,800		—			(999		)	37,801
Gwalia Deeps	28,119		—			(2,270		)	25,849
Holt	25,428		—			(1,115		)	24,313
Inata	24,871		—			(5,892		)	18,979
Leeville	18,322		—			(13,372		)	4,950
Robinson	17,825		—			(9,119		)	8,706
Cortez	10,630		—			(9,637		)	993
Other	178,144		—			(101,668		)	76,476
	1,059,805		—			(208,915		)	850,890
Development stage royalty interests:
Pascua-Lama	372,105		—			—			372,105
Mt. Milligan	227,596		—			—			227,596
Other (Note 6)	26,251		(1,328		)	—			24,923
	625,952		(1,328		)	—			624,624
Exploration stage royalty interests	196,429		—			—			196,429
Total royalty interests in mineral properties	$	1,882,186	$	(1,328	)	$	(208,915	)	$	1,671,943

As of June 30, 2011 (Amounts in thousands):	Cost		Accumulated Depletion			Net
Production stage royalty interests:
Andacollo	$	272,998	$	(13,076	)	$	259,922
Voisey’s Bay	150,138		(15,526		)	134,612
Peñasquito	99,172		(5,457		)	93,715
Las Cruces	57,230		(2,615		)	54,615
Mulatos	48,092		(14,199		)	33,893
Dolores	44,878		(4,005		)	40,873
Wolverine	45,158		(257		)	44,901
Canadian Malartic	38,800		(367		)	38,433
Holt	25,428		(620		)	24,808
Inata	24,871		(5,158		)	19,713
Gwalia Deeps	22,854		(1,715		)	21,139
Leeville	18,322		(12,920		)	5,402
Robinson	17,825		(8,827		)	8,998
Cortez	10,630		(9,619		)	1,011
Other	178,143		(97,386		)	80,757
	1,054,539		(191,747		)	862,792
Development stage royalty interests:
Pascua-Lama	372,105		—			372,105
Mt. Milligan	227,596		—			227,596
Other	26,250		—			26,250
	625,951		—			625,951
Exploration stage royalty interests	201,696		—			201,696
Total royalty interests in mineral properties	$	1,882,186	$	(191,747	)	$	1,690,439