DAILY NEWS Oct 7, 2015 4:23 PM - 0 comments

SILVER: Teck, Franco-Nevada strike streaming deal

TEXT SIZE bigger text smaller text

PERU – Teck Resources and Franco-Nevada Corp. have struck a streaming deal for Teck’s share of silver produced at the Antamina copper-zinc mine 270 km north of Lima. Teck owns a 22.50% interest in the Antamina joint venture along with BHP Billiton (33.75%), Glencore (33.75%) and Mitsubishi (10.00%).

Teck will receive an upfront payment of US$610 million from Franco-Nevada, and Franco-Nevada will pay 5% of the spot silver price at time of delivery for each ounce of silver delivered under the agreement.

Particulars of the agreement are available in new releases at either Teck.com or Franco-Nevada.com

Properties in This Story

Antamina Mine

Monitor These Topics

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Mining Journal has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields