Anglo American has sealed agreements to sell two royalties to Taurus Funds Management for a maximum cash consideration of $195m.
Anglo American Announces $195-Million Sale of Onslow & Caspiche Royalties
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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. But it’s not simply the prospect of rate cuts underpinning gold’s bull run — an array of factors have helped vault the precious-metal to its present all-time high.
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As summer holidays beckon, investors typically exchange their screens for a beach. However, with increased volatility in the market and more rate cuts expected this month by both the Bank of Canada and the European Central Bank, investors should gear up for moves in the market as well as increased M&A.
“The central Andes produce 37% of global copper. Giant in size, rare by nature, Vicuña is an emerging giant-copper-gold-silver district…” Click below to access full video.