Franco-Nevada to buy Glencore precious metals stream for $500m

February 10, 2016

Responsive image

Toronto-based Franco-Nevada has agreed to acquire a precious metal stream in southern Peru from Glencore for $500-million and arranged a $550-million financing to fund the deal, it said on Wednesday.

Franco-Nevada’s president and CEO David Harquail said the acquisition would further strengthen the company’s portfolio, following its recent Antamina and Candelaria investments.

Category: General