Rio Tinto has completed the sale of a royalty it holds on an area including the Cortez mine operational area and the Fourmile development project in Nevada (the “Cortez Complex”) to RG Royalties LLC, a direct wholly-owned subsidiary of Royal Gold Inc., for $525 million in cash.

McCarthy Tétrault advised Rio Tinto plc and Kennecott Royalty Company with a team led by Roger Taplin that included Adam Wanke, Xinya Wang and Alexandra Comber.