06:27 AM EDT, 08/05/2025 (MT Newswires) -- Royal Gold ( RGLD ) said late Monday that its RGLD Gold unit had signed a purchase agreement for gold deliveries referenced to copper production from the Kansanshi mine in Zambia, which is operated by Canadian miner First Quantum Minerals.

The company said it has agreed to make a $1 billion advance payment in exchange for a gold stream related to copper production.

Royal Gold ( RGLD ) said it expects to receive 12,500 ounces of gold this year, with annual gold deliveries averaging 35,000 to 40,000 ounces over the next 10 years.

The company said it is funding the advance payment with cash on hand an a draw of $825 million from its $1 billion revolving credit facility.