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

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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.

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