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Sibanye-Stillwater secures $500M deal with Franco-Nevada for gold, platinum supply over 25 years.
Sibanye-Stillwater, a South African mining company, has signed a $500 million deal with Franco-Nevada for the long-term supply of gold and platinum from its South African mines.
The upfront payment will strengthen Sibanye-Stillwater's finances and lower its debt ratio, while Franco-Nevada will receive precious metals over 25 years.
The agreement supports Sibanye's mine operations and plans for future development.
4 months ago
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