The Belcourt property, consisting of coal license tenure, is owned by Peace River Coal Inc., a wholly-owned subsidiary of Anglo American International Limited. Belcourt is located in the Liard Mining Division, within the Peace River Regional District of northeastern British Columbia, Canada, approximately 60 kilometers southeast of the town of Tumbler Ridge.
Royal Gold holds a 0.103% gross value royalty without deductions of any kind, on Belcourt.
Royal Gold acquired this royalty as part of its acquisition of International Royalty Corporation, which was completed on February 22, 2010.
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