Sandstorm Gold Royalties Supports Royal Gold's Acquisition of Kansanshi Gold Stream
10 Articles
10 Articles
First Quantum Secures US$1B in Gold Streaming Deal
First Quantum Minerals Ltd. (TSX:FM) announced today that they have entered in a gold streaming agreement with RGLD Gold AG, a 100% owned subsidiary of Royal Gold, Inc. The agreement provides First Quantum with a $1B upfront cash payment in return for gold deliveries from the Kansanshi Mine in Zambia. The transaction will provide First Quantum with long-term, unsecured, non-debt capital. Proceeds are immediately planned for use towards the payme…
First Quantum in US$1.0 billion gold stream deal with Royal Gold
First Quantum Minerals Ltd. (FM-TSX) said Tuesday it has entered into a gold streaming agreement with a unit of Royal Gold Inc. [RGLD-NASDAQ]. Under the terms of the agreement, First Quantum will receive a US$1.0 billion upfront cash payment in exchange for gold deliveries referenced to copper production from the Kansanshi Mine in Zambia. The deal allows First Quantum to exploit near-record gold prices after the company was forced to raise equit…
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