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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Mar. 31, 2020
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

12. COMMITMENTS AND CONTINGENCIES

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Khoemacau Silver Stream Acquisition

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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.

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Ilovica Gold Stream Acquisition

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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.