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Announces $500 Million Precious Metals Stream with Sibanye-Stillwater","url":"https://stock-news.laohu8.com/highlight/detail?id=2492130731","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2492130731?lang=en_us&edition=fundamental","pubTime":"2024-12-19 13:28","pubTimestamp":1734586080,"startTime":"0","endTime":"0","summary":"TORONTO, Dec. 19, 2024 /CNW/ - Franco-Nevada Corporation    is pleased to announce that its wholly-owned subsidiary, Franco-Nevada  Corporation , has entered into a precious metals stream  with reference to specific production from Sibanye-Stillwater Limited's  Marikana, Rustenburg and Kroondal mining operations  located on the Western Limb of the Bushveld Complex in South Africa. The Stream is primarily comprised of a gold component for the life of mine  and a platinum component for approximately 25 years supporting a more stable gold equivalent ounce  delivery profile to FNB over this period.\"We are excited to partner with Sibanye-Stillwater and gain exposure to production from this fully integrated, long life, platinum group metal  complex,\" said Paul Brink, President & CEO of Franco-Nevada. \"The Bushveld complex represents a unique and essential source of PGMs, with Sibanye-Stillwater's Western Limb operations currently providing approximately 15% of global platinum supply. 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