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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…
