STREAM AND ROYALTY INTERESTS, NET

3 Months Ended

Sep. 30, 2021

STREAM AND ROYALTY INTERESTS, NET

STREAM AND ROYALTY INTERESTS, NET

3.    STREAM AND ROYALTY INTERESTS, NET

The following tables summarize our stream and royalty interests, net as of September 30, 2021, and June 30, 2021.

As of September 30, 2021 (Amounts in thousands):	Cost		Accumulated Depletion		Net
Production stage stream interests:
Mount Milligan	$	790,635	$	(320,831)	$	469,804
Pueblo Viejo		610,404		(252,167)		358,237
Andacollo		388,182		(134,661)		253,521
Khoemacau		223,496		(78)		223,418
Rainy River		175,727		(46,106)		129,621
Wassa		146,475		(81,958)		64,517
Other		54,933		(2,420)		52,513
Total production stage stream interests		2,389,852		(838,221)		1,551,631
Production stage royalty interests:
Voisey's Bay		205,724		(111,535)		94,189
Red Chris		116,105		—		116,105
Peñasquito		99,172		(51,552)		47,620
Cortez		80,681		(21,368)		59,313
Other		442,995		(384,488)		58,507
Total production stage royalty interests		944,677		(568,943)		375,734
Total production stage stream and royalty interests		3,334,529		(1,407,164)		1,927,365
Development stage stream interests:
Other		12,037		—		12,037
Development stage royalty interests:
Côté		45,421		—		45,421
Other		54,756		—		54,756
Total development stage stream and royalty interests		112,214		—		112,214
Exploration stage stream interests:
NX Gold		45,067		—		45,067
Exploration stage royalty interests:
Pascua-Lama		177,690		—		177,690
Red Chris		48,895		—		48,895
Côté		29,610				29,610
Other		135,789		—		135,789
Total exploration stage stream and royalty interests		437,051		—		437,051
Total stream and royalty interests, net	$	3,883,794	$	(1,407,164)	$	2,476,630

As of June 30, 2021 (Amounts in thousands):	Cost		Accumulated Depletion		Net
Production stage stream interests:
Mount Milligan	$	790,635	$	(300,378)	$	490,257
Pueblo Viejo		610,404		(243,706)		366,698
Andacollo		388,182		(131,578)		256,604
Rainy River		175,727		(41,772)		133,955
Wassa		146,475		(78,865)		67,610
Total production stage stream interests		2,111,423		(796,299)		1,315,124
Production stage royalty interests:
Voisey's Bay		205,724		(109,850)		95,874
Peñasquito		99,172		(50,176)		48,996
Cortez		80,681		(19,128)		61,553
Other		442,871		(381,191)		61,680
Total production stage royalty interests		828,448		(560,345)		268,103
Total production stage stream and royalty interests		2,939,871		(1,356,644)		1,583,227
Development stage stream interests:
Khoemacau		223,502		—		223,502
Other		12,037		—		12,037
Development stage royalty interests:
Côté		45,423		—		45,423
Other		54,755		—		54,755
Total development stage stream and royalty interests		335,717		—		335,717
Exploration stage royalty interests:
Pascua-Lama		177,690		—		177,690
Côté		29,610		—		29,610
Other		135,914		—		135,914
Total exploration stage royalty interests		343,214		—		343,214
Total stream and royalty interests, net	$	3,618,802	$	(1,356,644)	$	2,262,158

COVID-19 Pandemic

At times since early 2020, several of our operating counterparties have instituted temporary operational curtailments due to the ongoing COVID-19 pandemic. In addition, the pandemic and resulting economic and societal impacts have made it difficult for operators to forecast expected production amounts and, at times, operators have had to withdraw or revise previously disclosed guidance. For the most part, our results of operations and financial condition have not been materially impacted by these measures to date. However, the effects of the pandemic will ultimately depend on many factors that are outside of our control, including the severity and duration of the pandemic, government and operator actions in response to the pandemic, and the development, availability, and public acceptance of effective treatments and vaccines. As a result, we are currently unable to predict the nature or extent of any future impact on our results of operations and financial condition. We continue to monitor the impact of developments associated with the pandemic on stream and royalty interests as part of our regular asset impairment analysis.