Streaming gives lenders the right to buy future production at a discount. While two doesn’t make a trend, the deal activity reflects the demand for such arrangements when inflation-fighting measures and China’s ongoing covid restrictions are dimming economic outlooks and cooling conventional funding for mining.
Streaming deals are taking place in the wake of a battle to buy mid-sized miner Yamana Gold Inc. as the industry faces spiraling operating and development costs. Almost all metal prices — both precious and industrial — are down this year on slowdown concerns and dollar strength.
For Triple Flag, which Usmar founded in 2016 with the backing of billionaire Paul Singer’s Elliott Management Corp., Maverix is a chance to gain scale and unlock value.
To be sure, not everyone’s a royalty and streaming fan. This week, Newcrest Mining Ltd. labeled such an arrangement by SolGold Plc to develop a gold and copper mine in…
