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First Quantum up for more streaming

First Quantum Minerals (CN:FM) has signed an additional precious metals stream with Franco-Nevada (CN:FNV) as it looks to secure the funds needed to acquire another 10% of its majority-owned Cobre Panama copper project.

Mining Journal
Cobre Panama is around 60% complete and expected to move into the commissioning phase next year

Cobre Panama is around 60% complete and expected to move into the commissioning phase next year

FQM will receive an advanced payment of US$178 million from Franco-Nevada upon closing of the deal, expected by the end of the month, in addition to 20% of the spot price of gold and silver until 302,000...

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