Ero Copper extends Precious Metals Purchase Agreement with Royal Gold, benefiting both companies

From Yahoo Finance: 2025-06-29 21:46:00

Ero Copper Corp. extends its Precious Metals Purchase Agreement with Royal Gold, adding a $50 million Stream Supplement, totaling $160 million since 2021. The deal benefits Xavantina’s growth and 2025 capital expenditure plans. Royal Gold will receive 25% of gold production at 40% of spot price under the revised terms.

Ero Copper Corp. has expanded its Stage II gold delivery milestones at Xavantina Operations in Brazil, starting additional gold delivery under the Stream Supplement in 2028. Royal Gold will receive 25% of gold produced at 20% of spot price for Stage I and 25% at 40% for Stage II until 160,000 cumulative ounces are delivered.

Royal Gold’s agreement with Ero Copper Corp. will grant 10% of production at 40% of the spot price for the life of the mine under Stage III terms. The Stream Supplement increases Royal Gold’s allocation by 40,200 ounces, benefiting Xavantina’s long-term growth and 2025 capital expenditure plans.

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Read more: Ero Copper Expands Royal Gold Deal at Xavantina