COMMITMENTS AND CONTINGENCIES	3 Months Ended
Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Khoemacau Silver Stream Acquisition Option Silver Stream As of September 30, 2021, Royal Gold has remaining committed funding of $42.4 million as part of our Khoemacau silver stream acquisition, which may be drawn at the election of Khoemacau Copper Mining (Pty.) Limited (“KCM”) prior to the completion of construction. Refer to our Fiscal 2021 10-K for further details on the Khoemacau silver stream acquisition and subordinated debt facility. Additionally, on October 8, 2021 we made an advance payment of $15.9 million toward the option stream which increased our right to receive payable silver produced from Khoemacau from a rate of 84% to 90% until delivery of approximately 36.0 million silver ounces, and 45% (from 42%) thereafter. Subordinated Debt Facility On July 7, 2021, KCM drew the remaining $7.0 million on the $25.0 million subordinated debt facility provided by Royal Gold. The subordinated debt facility has a term of seven years, carries interest at a rate of LIBOR +11% and requires mandatory repayment upon certain events. As of September 30, 2021, $25.0 million was outstanding on the subordinated debt facility and is included in Other assets in our consolidated balance sheets. Ilovica Gold Stream Acquisition As of September 30, 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.

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Sep. 30, 2021

12. COMMITMENTS AND CONTINGENCIES

Khoemacau Silver Stream Acquisition

Option Silver Stream

As of September 30, 2021, Royal Gold has remaining committed funding of $42.4 million as part of our Khoemacau silver stream acquisition, which may be drawn at the election of Khoemacau Copper Mining (Pty.) Limited (“KCM”) prior to the completion of construction. Refer to our Fiscal 2021 10-K for further details on the Khoemacau silver stream acquisition and subordinated debt facility. Additionally, on October 8, 2021 we made an advance payment of $15.9 million toward the option stream which increased our right to receive payable silver produced from Khoemacau from a rate of 84% to 90% until delivery of approximately 36.0 million silver ounces, and 45% (from 42%) thereafter.

Subordinated Debt Facility

On July 7, 2021, KCM drew the remaining $7.0 million on the $25.0 million subordinated debt facility provided by Royal Gold. The subordinated debt facility has a term of seven years, carries interest at a rate of LIBOR +11% and requires mandatory repayment upon certain events. As of September 30, 2021, $25.0 million was outstanding on the subordinated debt facility and is included in Other assets in our consolidated balance sheets.

Ilovica Gold Stream Acquisition

As of September 30, 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.