ROYALTY INTERESTS IN MINERAL PROPERTIES

9 Months Ended

Mar. 31, 2012

ROYALTY INTERESTS IN MINERAL PROPERTIES

ROYALTY INTERESTS IN MINERAL PROPERTIES

3.             ROYALTY INTERESTS IN MINERAL PROPERTIES

The following summarizes the Company’s royalty interests in mineral properties as of March 31, 2012 and June 30, 2011.

As of March 31, 2012 (Amounts in thousands):	Cost		Restructuring			Accumulated Depletion			Net
Production stage royalty interests:
Andacollo	$	272,998	$	—		$	(24,327	)	$	248,671
Voisey’s Bay	150,138		—			(30,155		)	119,983
Peñasquito	99,172		—			(8,142		)	91,030
Las Cruces	57,230		—			(5,194		)	52,036
Mulatos	48,092		—			(17,490		)	30,602
Wolverine	45,158		—			(897		)	44,261
Dolores	44,878		—			(5,651		)	39,227
Canadian Malartic	38,800		—			(2,505		)	36,295
Gwalia Deeps	28,119		—			(3,587		)	24,532
Holt	25,428		—			(2,275		)	23,153
Inata	24,871		—			(6,942		)	17,929
Leeville	18,322		—			(14,216		)	4,106
Robinson	17,825		—			(9,579		)	8,246
Cortez	10,630		—			(9,659		)	971
Other	183,999		—			(109,336		)	74,663
	1,065,660		—			(249,955		)	815,705
Development stage royalty interests:
Mt. Milligan	410,943		—			—			410,943
Pascua-Lama	372,105		—			—			372,105
Other (Note 8)	35,947		(1,328		)	—			34,619
	818,995		(1,328		)	—			817,667
Exploration stage royalty interests	191,193		—			—			191,193
Total royalty interests in mineral properties	$	2,075,848	$	(1,328	)	$	(249,955	)	$	1,824,565

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