Franco-Nevada Signs US$500 Million Precious Metals Streaming Agreement With Sibanye-Stillwater

MT Newswires12-19

Franco-Nevada (FNV.TO, FNV) on Thursday said its subsidiary Franco-Nevada (Barbados) signed a precious metals streaming agreement for specific production from Sibanye-Stillwater's Marikana, Rustenburg...

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href=https://finance.yahoo.com/news/franco-nevada-signs-us-500-115451741.html><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Franco-Nevada (FNV.TO, FNV) on Thursday said its subsidiary Franco-Nevada (Barbados) signed a precious metals streaming agreement for specific production from Sibanye-Stillwater's Marikana, Rustenburg...</p>\n\n<a href=\"https://finance.yahoo.com/news/franco-nevada-signs-us-500-115451741.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FNV","symbol_name":"Franco Nevada Corp","start_time":0,"source_url":"https://finance.yahoo.com/news/franco-nevada-signs-us-500-115451741.html","article_id":"2492120206","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492120206","pubTimestamp":1734609291,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Franco-Nevada  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Franco-Nevada (Barbados) over this period.\n\n The stream is expected to generate a stable gold equivalent ounce profile over the next 20 years based off the platinum, palladium, rhodium and gold production profile based on Sibanye-Stillwater's ore reserve life of mine as at Dec. 31, 2023.\n\n The stream's effective start date is Sept. 1, with funding of the US$500 million deposit in the next few weeks and first delivery around 45 days after closing of the transaction.\n\n Franco-Nevada will finance the stream from cash on hand, with about US$1.3 billion in cash and cash equivalents and US$2.3 billion in available capital as at Sept. 30.\n\n \"The Bushveld complex represents a unique and essential source of [platinum group metals], with Sibanye-Stillwater's Western Limb operations currently providing approximately 15% of global platinum supply,\" said Paul Brink, president and CEO of Franco-Nevada. \"The combination of extensive resources, established infrastructure, and a large 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