Mining News

Ivanhoe secures $300m in stream financing deals for Platreef mine

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TSX-listed Ivanhoe Mines’ South African subsidiary, Ivanplats, has concluded stream financing agreements with Orion Mine Finance and Nomad Royalty Company for a $200-million gold streaming facility and a $100-million palladium and platinum streaming facility for its Platreef palladium/rhodium/platinum/nickel/copper/gold project in South Africa’s Limpopo province. The proceeds will be used to advance the first phase of Platreef’s mine development, with commercial production expected in 2024.

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