Canada's First Quantum strikes $1 billion gold streaming deal with Royal Gold

Royal Gold

05/08/2025 06:13

Aug 5 (Reuters) - Canadian miner First Quantum Minerals FM.TO said on Tuesday it has signed a $1 billion gold streaming agreement with a subsidiary of its Canadian peer Royal Gold RGLD.O.

Gold streaming is a financing mechanism in which a buyer makes an up-front payment to a miner in exchange for purchasing future production from the miner, usually at a predetermined price.

 (Reporting by Surbhi Misra in Bengaluru; Editing by Janane Venkatraman)

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