Canadian miner First Quantum Minerals Ltd. has signed a $1 billion gold streaming deal with RGLD Gold AG, a subsidiary of Royal Gold, Inc. The agreement involves gold deliveries tied to copper production from the Kansanshi Mine in Zambia. First Quantum will provide Royal Gold with gold ounces based on copper output, with different rates depending on the amount of gold delivered. The company will receive production payments from Royal Gold equivalent to a percentage of the spot gold price, with an increase once certain financial targets are met. CEO Tristan Pascall sees this partnership as a positive step for the company’s financial resilience.

Read more at Nasdaq: First Quantum Inks $1 Bln Gold Stream Deal With Royal Gold’s Subsidiary