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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.