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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

12. COMMITMENTS AND CONTINGENCIES

Khoemacau Silver Stream Acquisition

On November 5, 2019, RGLD Gold made its first advance payment ($65.8 million) pursuant to the Khoemacau silver stream acquisition made in February 2019. As of December 31, 2019, the Company’s conditional funding schedule for $146.2 million up to $199.2 million pursuant to its Khoemacau silver stream acquisition remains subject to certain conditions.  On February 5, 2020, RGLD Gold made its second advance payment ($22 million) pursuant to the Khoemacau silver stream.  Refer to our Fiscal 2019 10-K for further details on the Khoemacau silver stream acquisition.

Ilovica Gold Stream Acquisition

As of December 31, 2019, the Company’s conditional funding schedule for $163.75 million related to its Ilovica gold stream acquisition made in October 2014 remains subject to certain conditions.