Anglo American has sealed agreements to sell two royalties to Taurus Funds Management for a maximum cash consideration of $195m.
The market appetite for gold is at a fever pitch, as inflation data softens and the Fed ramps up the dovish signaling.
The mining secrtor is uniquely positioned to benefit from rate cuts.
Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for speculators and funds to bet on higher prices.
Bank raises year-end copper estimate to $12,000 a ton. Chinese industry body sees demand destruction due to rally.
Barrick & Newmont-GoldCorp 50/50 Joint Venture Norte Abierto (Cerro Casale & Caspiche) in Chile is moving foward.
Lundin Mining Report: A giant metal district, comprised of giant deposit clusters, is extremely rare.
Lundin partners with Japenese JXN taking 51% of Caserones Copper-Moly Mine in Chile for $1-Billion.
"The central Andes produce 37% of global copper. Giant in size, rare by nature, Vicuña is an emerging giant-copper-gold-silver district..."
Barrick confirms commitment to Chile as CEO Mark Bristow says "Barrick's Chilean assets an important part of its global portfolio."
Norte Abierto Joint Venture is established comprised of two massive gold-copper assets, Cerro Casale & Caspiche.
Barrick acquires 25% interest in Cerro Casale gold-copper project in Chile at $1.9-Billion asset valuation.