Royal Gold, Inc. (TSE:RGL, NASDAQ:RGLD) shares were wanted on Friday morning as the mining royalties specialist promoted Mark Isto to vice president of operations.
Isto, who joined the company in 2015, was previously executive director of project evaluation.
He has 34 years of international experience in mining engineering, mine management and project development, Royal Gold said.
In his expanded role, he will lead engineering and technical due diligence activities related to new business development opportunities, as well as lead the monitoring of Royal Gold’s current portfolio of royalty and streaming interests.
“I have had the pleasure of working with Mark for much of his career and am confident that his international experience in both surface and underground operations will be a very important part of Royal Gold’s senior management group and the future success of the company,” said Tony Jensen, president and chief executive of Royal Gold.
The promotion comes a day after a webcast presentation to investors and two days after the company declared a third quarter dividend of 23 US cents per share.
Shares were up 7.1% on the Nasdaq exchange in lunchtime trading.