Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Franco-Nevada raises $550-million to buy part of Glencore mine Add to ...

Subscribers Only

Franco-Nevada Corp raised $550-million (U.S.) and struck a deal to buy precious metal from one of Glencore PLC’s mines, the Canadian company’s second big acquisition in less than a year.

Franco-Nevada, which buys streams of future precious metal production from miners, will use $500-million of the proceeds to pay for production from Glencore’s Antapaccay mine in Peru.

Report Typo/Error

Follow on Twitter: @rachyounglai

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular