Royal Gold cuts Hod Maden stake to 15%, adds 2.5% NSR royalty

• Royal Gold restructured its interest in the Hod Maden project joint venture, cutting its direct equity stake in Artmin to 15% from 30%.
• The company gained a new effective 2.5% net smelter return royalty on the project, adding to its existing 2% NSR royalty.
• SSR Mining agreed to sell its Artmin interests to Lidya, stepping down as operator as Lidya takes operating control.
• Royal Gold secured a right of first refusal on SSR’s new effective 4% NSR royalty, with an option to buy half of that royalty for USD 160 million through 12 months after commercial production.
• Royal Gold will fund the next USD 70 million of project costs; Lidya will fund USD 397 million next, with later funding split 15%/85%; closing is expected in 2H 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Royal Gold Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260517777967) on May 18, 2026, and is solely responsible for the information contained therein.