COMMITMENTS AND CONTINGENCIES

6 Months Ended

Dec. 31, 2021

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

16. COMMITMENTS AND CONTINGENCIES

Khoemacau Silver Stream Acquisition

Option Silver Stream

As of December 31, 2021, Royal Gold has remaining committed funding of $26.5 million as part of our Khoemacau silver stream acquisition, which may be drawn at the election of KCM prior to the completion of construction. Subject to certain conditions, KCM has advised that it intends to draw the remaining $26.5 million stream advance payment in February 2022. This will increase our interest in the payable silver from Khoemacau from 90% to 100%.

Ilovica Gold Stream Acquisition

As of December 31, 2021, our conditional funding schedule of $163.75 million, as part of the Ilovica gold stream acquisition entered into in October 2014, remains subject to certain conditions.