XML 36 R18.htm IDEA: XBRL DOCUMENT v3.20.1
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Mar. 31, 2020
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

12. COMMITMENTS AND CONTINGENCIES

Khoemacau Silver Stream Acquisition

Pursuant to its Khoemacau silver stream transaction in February 2019, RGLD Gold made its first advance payment of $65.8 million on November 5, 2019 and its second advance payment of $22.0 million on February 2, 2020. As of March 31, 2020, the Company’s conditional funding schedule for $124.2 million up to $177.2 million pursuant to its Khoemacau silver stream acquisition remains subject to certain conditions. On April 3, 2020, RGLD Gold made its third advance payment of $47.9 million. Refer to our Fiscal 2019 10-K for further details on the Khoemacau silver stream acquisition.

Ilovica Gold Stream Acquisition

As of March 31, 2020, 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.