We believe in educating the industry’s next generation of leaders who will be tasked with continuing the evolution of responsible resource development and sustainability standards. Over the past ten years, we have contributed nearly $1 million to support educational initiatives.
In 2022, Royal Gold established scholarship funds totaling $70,000 with three U.S.-based universities that have a deep commitment to science, technology, engineering and math excellence and the mining industry. All three scholarships are aimed at attracting female and underrepresented minority students. These scholarships and our financial contributions to education-related initiatives support SDG 4, Quality Education and SDG 10, Reduced Inequalities.
Colorado School of Mines Foundation
The Colorado School of Mines, based in Golden, Colorado since 1874, has a mission to provide education and research in engineering, science and business to solve the world’s most pressing challenges, particularly those related to the Earth, energy and the environment. The Royal Gold Scholarship Fund was established in 2022 for the purpose of providing financial aid to enrolled undergraduate students in pursuit of a degree in the area of mining engineering. Total funding for this scholarship is $20,000.
Montana Technological (Montana Tech) University Foundation
Founded in 1900 and located in Butte, Montana, Montana Tech is a university with a strong focus on resource engineering, science, mathematics, computation, health and business and is committed to research projects that will help transform tomorrow.
The Royal Gold Scholarship was established in 2022 and will provide $25,000 in support to students majoring in mining engineering or metallurgical and materials engineering and who are intending to focus on mineral processing and extractive metallurgy.
In addition to the scholarship, we provided funding for an academic research project in 2021 and 2022 for a total contribution of $47,420. The research project focused on assessing the effectiveness of machine learning domain modeling in understanding the uncertainty of early-stage mining projects.
South Dakota Mines Center for Alumni Relations and Advancement
South Dakota Mines was founded in 1885 to provide instruction in the region’s primary industry, mining. The university, located in Rapid City, South Dakota, has evolved to become one of the leading science and engineering universities in the region. The recipient of the scholarship will be awarded $25,000.