First Quantum makes progress towards Panama mine restart - Bloomberg
Cobre Panama Mine Developments: First Quantum Minerals is preparing to ship 120K metric tons of stranded copper from its Cobre Panama mine, which was shut down in late 2023. Franco-Nevada has agreed to halt arbitration against Panama, facilitating negotiations for a potential restart of the mine.
Community and Government Response: A march by mine workers and local communities is planned to advocate for the resumption of operations at Cobre Panama, amidst ongoing anti-mining sentiment that contributed to its closure. The ability of the Panamanian government to address these sentiments remains uncertain.
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i-80 Gold Secures Up to $500M Financing Package
- Financing Overview: i-80 Gold announced it has secured a financing package of up to $500 million, which includes a $250 million royalty sale to Franco-Nevada and a gold pre-payment facility of up to $250 million, aimed at supporting its recapitalization plan and establishing itself as a mid-tier gold producer in Nevada.
- Recapitalization Strategy: The company plans to retire and replace existing convertible debentures with more favorable terms and potentially sell a non-core asset to complete its recapitalization plan targeting an overall amount of $900 million to $1 billion, enhancing its financial flexibility.
- Royalty Agreement Details: The agreement with Franco-Nevada includes a 1.5% life-of-mine net smelter return royalty, increasing to 3.0% in 2031, applicable to all of i-80 Gold's material properties, ensuring long-term revenue generation.
- Production Target Outlook: i-80 Gold aims to achieve annual gold production exceeding 600,000 ounces by the early 2030s, with CEO Richard Young stating that the foundational capital provided by Franco-Nevada lays a solid groundwork for the company's future growth.
Franco-Nevada Acquires $250M Royalty from i-80 Gold
- Royalty Acquisition: Franco-Nevada has entered into an agreement to acquire a $250 million net smelter return royalty from i-80 Gold through a wholly-owned U.S. subsidiary, with an initial royalty rate of 1.5% that will increase to 3.0% starting in 2031, supporting i-80 Gold's recapitalization plan and its strategy to become a mid-tier gold producer focused on Nevada.
- Extensive Project Coverage: The royalty applies to all of i-80 Gold's significant assets, including six projects at various stages of development, covering over 250 square kilometers of prospective ground, which is expected to significantly enhance its future gold production capacity.
- Production Capacity Increase: i-80 Gold plans to increase annual production from 150,000 to 200,000 ounces of gold in Phase 1 to over 600,000 ounces by Phase 3 in 2032, which is anticipated to generate substantial revenue growth and enhance market competitiveness.
- Strategic Financial Support: Franco-Nevada intends to finance the transaction using its $900 million in cash and cash equivalents, demonstrating its strong financial position and confidence in gold investments, further solidifying its leadership in the gold royalty and streaming sector.
Franco-Nevada Acquires $250 Million Royalty from i-80 Gold
- Royalty Acquisition: Franco-Nevada has acquired a $250 million net smelter return royalty from i-80 Gold through a wholly-owned subsidiary, with an initial rate of 1.5% increasing to 3% in 2031, supporting i-80 Gold's recapitalization plan to become a mid-tier gold producer in Nevada.
- Project Development Timeline: i-80 Gold aims to ramp up annual production from 30-40 koz in 2025 to over 600 koz by 2032, with a three-phase development plan that includes achieving 150-200 koz in Phase 1 by 2028-2029, significantly enhancing its competitive position in the gold mining sector.
- Financing and Processing Hub: This financing will provide substantial capital for advancing Phases 1 and 2, particularly refurbishing the Lone Tree Autoclave facility to establish a central processing hub that optimizes operations across multiple underground mines.
- Mineral Resource Potential: The royalty covers a substantial mineral resource base of 7.8 million ounces of measured and indicated resources across a 256 km² land package, indicating strong long-term growth potential and opportunities to create greater value for all stakeholders.
FRANCO-NEVADA CORP: RAYMOND JAMES INCREASES TARGET PRICE TO $304, UP FROM $280
Company Update: Franco-Nevada Corp has raised its target price for Raymond James.
New Target Price: The new target price is set at $304, an increase from the previous $280.
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
Gold, Copper, and Missiles: Three Major Dividend Increases Following a Successful Year
2025 Performance Highlights: The aerospace and defense sectors saw significant returns in 2025, with the iShares U.S. Aerospace & Defense ETF delivering nearly 49% and the SPDR S&P Metals & Mining ETF achieving around 83%, marking their best performances in over a decade.
Franco-Nevada's Dividend Increase: Franco-Nevada Corporation announced a substantial 16% increase in its quarterly dividend to $0.44, driven by strong gold and silver prices, and expects to continue rewarding shareholders with consistent payouts.
Southern Copper's Strong Returns: Southern Copper Corporation reported a remarkable 68% total return in 2025, alongside a 11% increase in its quarterly cash dividend to $1.00, reflecting its position as a leading copper producer.
L3 Harris Technologies' Dividend Growth: L3 Harris Technologies declared a quarterly dividend of $1.25, representing a 4% increase, and is focused on maintaining a controlling stake in its missile solutions business while also planning to spin off this segment into a publicly traded entity.
i-80 Gold Secures Up to $500M Financing Package
- Financing Overview: i-80 Gold announced it has secured a financing package of up to $500 million, which includes a $250 million royalty sale to Franco-Nevada and a gold pre-payment facility of up to $250 million, aimed at supporting its recapitalization plan and establishing itself as a mid-tier gold producer in Nevada.
- Recapitalization Strategy: The company plans to retire and replace existing convertible debentures with more favorable terms and potentially sell a non-core asset to complete its recapitalization plan targeting an overall amount of $900 million to $1 billion, enhancing its financial flexibility.
- Royalty Agreement Details: The agreement with Franco-Nevada includes a 1.5% life-of-mine net smelter return royalty, increasing to 3.0% in 2031, applicable to all of i-80 Gold's material properties, ensuring long-term revenue generation.
- Production Target Outlook: i-80 Gold aims to achieve annual gold production exceeding 600,000 ounces by the early 2030s, with CEO Richard Young stating that the foundational capital provided by Franco-Nevada lays a solid groundwork for the company's future growth.
Franco-Nevada Acquires $250M Royalty from i-80 Gold
- Royalty Acquisition: Franco-Nevada has entered into an agreement to acquire a $250 million net smelter return royalty from i-80 Gold through a wholly-owned U.S. subsidiary, with an initial royalty rate of 1.5% that will increase to 3.0% starting in 2031, supporting i-80 Gold's recapitalization plan and its strategy to become a mid-tier gold producer focused on Nevada.
- Extensive Project Coverage: The royalty applies to all of i-80 Gold's significant assets, including six projects at various stages of development, covering over 250 square kilometers of prospective ground, which is expected to significantly enhance its future gold production capacity.
- Production Capacity Increase: i-80 Gold plans to increase annual production from 150,000 to 200,000 ounces of gold in Phase 1 to over 600,000 ounces by Phase 3 in 2032, which is anticipated to generate substantial revenue growth and enhance market competitiveness.
- Strategic Financial Support: Franco-Nevada intends to finance the transaction using its $900 million in cash and cash equivalents, demonstrating its strong financial position and confidence in gold investments, further solidifying its leadership in the gold royalty and streaming sector.
Franco-Nevada Acquires $250 Million Royalty from i-80 Gold
- Royalty Acquisition: Franco-Nevada has acquired a $250 million net smelter return royalty from i-80 Gold through a wholly-owned subsidiary, with an initial rate of 1.5% increasing to 3% in 2031, supporting i-80 Gold's recapitalization plan to become a mid-tier gold producer in Nevada.
- Project Development Timeline: i-80 Gold aims to ramp up annual production from 30-40 koz in 2025 to over 600 koz by 2032, with a three-phase development plan that includes achieving 150-200 koz in Phase 1 by 2028-2029, significantly enhancing its competitive position in the gold mining sector.
- Financing and Processing Hub: This financing will provide substantial capital for advancing Phases 1 and 2, particularly refurbishing the Lone Tree Autoclave facility to establish a central processing hub that optimizes operations across multiple underground mines.
- Mineral Resource Potential: The royalty covers a substantial mineral resource base of 7.8 million ounces of measured and indicated resources across a 256 km² land package, indicating strong long-term growth potential and opportunities to create greater value for all stakeholders.
FRANCO-NEVADA CORP: RAYMOND JAMES INCREASES TARGET PRICE TO $304, UP FROM $280
Company Update: Franco-Nevada Corp has raised its target price for Raymond James.
New Target Price: The new target price is set at $304, an increase from the previous $280.
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
Gold, Copper, and Missiles: Three Major Dividend Increases Following a Successful Year
2025 Performance Highlights: The aerospace and defense sectors saw significant returns in 2025, with the iShares U.S. Aerospace & Defense ETF delivering nearly 49% and the SPDR S&P Metals & Mining ETF achieving around 83%, marking their best performances in over a decade.
Franco-Nevada's Dividend Increase: Franco-Nevada Corporation announced a substantial 16% increase in its quarterly dividend to $0.44, driven by strong gold and silver prices, and expects to continue rewarding shareholders with consistent payouts.
Southern Copper's Strong Returns: Southern Copper Corporation reported a remarkable 68% total return in 2025, alongside a 11% increase in its quarterly cash dividend to $1.00, reflecting its position as a leading copper producer.
L3 Harris Technologies' Dividend Growth: L3 Harris Technologies declared a quarterly dividend of $1.25, representing a 4% increase, and is focused on maintaining a controlling stake in its missile solutions business while also planning to spin off this segment into a publicly traded entity.
