Franco-Nevada, Teck Resources sign silver streaming deal

miércoles 7 de octubre de 2015 06:18 GYT
 

Oct 7 (Reuters) - Franco-Nevada Corp reached a silver streaming agreement with miner Teck Resources Ltd for $610 million.

Franco-Nevada expects to receive 900,000 to 1.1 million ounces of silver in the fourth quarter from the Antamina mine in Peru as part of the agreement.

"Streaming" transactions are a type of mine financing where a streaming company provides funds upfront to a miner in exchange for delivery of a certain amount of future production at a set price. (Reporting by Anannya Pramanick in Bengaluru; Editing by Shounak Dasgupta)