08:05 AM EDT, 05/21/2025 (MT Newswires) -- Royal Gold ( RGLD ) said Wednesday its unit RGLD Gold AG will invest $200 million to secure gold streaming and royalty rights for the Warintza copper-gold-molybdenum project in southeastern Ecuador.

The agreement with Solaris Resources ( SLSR ) covers a 31 square km area, with potential expansion to 186 square km if certain conditions are met, the company said.

Initial funding includes a $100 million payment at closing, followed by $50 million after technical milestones and another $50 million upon registration of project security in Ecuador, Royal Gold ( RGLD ) said.

Royal Gold ( RGLD ) also said it will receive gold deliveries equal to 20 ounces per million pounds of copper produced, paying 20% of spot prices up to 90,000 ounces and 60% thereafter.