Spanish Mountain Gold verkoopt royalty aan Wheaton Precious Metals voor $55 miljoen

Spanish Mountain Gold has announced the sale of a 1.5% royalty to Wheaton Precious Metals for US$55 million. The deal gives Wheaton a royalty interest in the Spanish Mountain Gold project in exchange for the upfront payment. Such royalty agreements are a common financing mechanism in the mining sector, providing project developers with capital while offering investors long-term revenue exposure.