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GOLD: Pretium buys back Brucejack royalties from Osisko
VANCOUVER and MONTREAL – Pretium Resources, the owner and operator of the Brucejack gold mine near Stewart, B.C., has arranged to buy back the mine’s royalties currently held by Osisko Gold Royalties. Pretium will make a payment of US$31.2 million…
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GOLD: Americas Silver gets US$42.5M boost from Sandstorm
NEVADA – Sandstorm Gold Royalties is making an investment of US$42.5 million in Americas Silver Corp., owner of the Relief Canyon gold mine 160 km northeast of Reno. The investment includes a US$25 million gold stream and royalty on the…
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GOLD: Osisko begins share buyback and cuts debt
MONTREAL – Osisko Gold Royalties has begun a $100 million share buyback program with an initial investment of $9.8 million towards its normal course issuer bid. The company purchased 849,480 shares at an average price of $11.56 per share during…
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PRECIOUS METALS: San Dimas sale pushes Wheaton Q2 earnings to $318M
VANCOUVER – Wheaton Precious Metals reports that it had net earnings of $318 million (all U.S. dollars) in Q2 2018, including the $246 million gain on the sale of the San Dimas silver stream. The company reported record gold production…
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Cobalt27’s Anthony Milewski discusses Vale transaction, cobalt outlook
Cobalt27 Capital (TSXV: KBLT) recently acquired a US$300-million cobalt stream on Vale’s (NYSE: VALE) Voisey’s Bay nickel-copper-cobalt mine, beginning in 2021. It also has a stream on the Ramu nickel-cobalt mine in Papua New Guinea owned by the Metallurgical Corp. of China, and…
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Coeur Mining to become largest shareholder in Metalla Royalty & Streaming
Metalla Royalty & Streaming (CSE: MTA; US-OTC: EXCFF) is picking up a package of three royalties and one stream – two of which are currently in production – from Coeur Mining (NYSE: CDE) in a deal worth US$13 million. In exchange, Coeur will…
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GOLD: Osisko Gold Royalties buys up Orion portfolio for $1.1B
MONTREAL – Calling the arrangement a “transformational transaction,” Osisko Gold Royalties has agreed to purchase the Orion Mine Finance Group portfolio, consisting of 74 royalties, streams and precious metals offtakes for $1.125 billion. Included are a 9.6% diamond stream on…
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SILVER: Osisko pays $33M for Gibraltar silver stream
BRITISH COLUMBIA – Taseko Mines of Vancouver said on Monday that Montreal-based Osisko Gold Royalties has agreed to pay US$33 million for a 75% share of the silver output from the Gibraltar copper-molybdenum mine. The mine, located about 65 km…
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GOLD: New Gold signs El Morro streaming deal with Goldcorp
TORONTO and VANCOUVER – New Gold has agreed to sell its 4% gold stream from the El Morro deposit to Goldcorp for $65 million in cash. The El Morro deposit is part of NuevaUnion project, a 50:50 joint venture of…
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GOLD: Osisko receives first shipment from Eleonore
MONTREAL – Osisko Gold Royalties has received the first shipment of gold from its royalty on the Eleonore gold operated by Vancouver-based Goldcorp. 320 km north of Matagami, QC. Osisko noted that the advance royalty payment received by Virginia Mines…
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SILVER: Silver Wheaton acquiring stream from Antamina mine
VANCOUVER – Silver Wheaton Corp. has arranged a streaming agreement with a subsidiary of Glencore to acquire silver from the Antamina copper mine in which Glencore has a 33.75% interest. The mine, located in the Andes Mountains 270 km north…
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GOLD-COPPER-SILVER: Yamana, Sandstorm ink streaming deal
TORONTO – Yamana Gold has signed three streaming deals with Sandstorm Gold that will put $148 million in Yamana’s treasury. In return, Yamana has issued Sandstorm 15 million common share purchase warrants at a strike price of $3.50 and a…
