Red-hot rally in gold and silver cools streaming deal bonanza
By GCRU Gold News on Friday, July 15 2016, 23:16 - Permalink
With bullion up 25 percent since January, precious metals miners are once again able to raise money in the equity markets, reducing the need to obtain funds in exchange for a portion of future mine output at discounted prices.
Global gold companies have raised nearly $3.2 billion in equity, up 16.5 percent jump on the year, Thomson Reuters data shows.
Meanwhile, the value of top streaming deals fell nearly 40 percent to some $640 million in the first five months of 2016 versus 2015, Scotiabank estimates.