Project financing through streaming and royalty contracts was fairly inconsequential in 2004. Since then, these contracts have cumulatively injected US$10.3 billion into the mining sector. When considering mines affected by a streaming or NSR contract (roughly 5% of our copper mine coverage, or 2Mlb) we conclude that at the C1 cash cost level, the inclusion of streaming contracts results in a 15c/lb paid Cu increase in costs due to the lower net revenue received from precious metals.
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The cost of stream financing for copper miners PDF - 449.77 KB 10 Pages, 4 Tables, 6 Figures
Price scenario analysis.xls XLS - 75.00 KB
List of major streams and royalties.xls XLS - 166.50 KB
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Insight | Sep 2015
The cost of stream financing for copper miners
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