Their contract for the stream is no stronger than FM's contract to operate the mine if the government of Panama forbids the payment. I think in the final analysis FNV will come out of this better than FM since the resolution is not likely to affect the streaming royalty and I expect it will in fact be paid.
So much for the green transition.
1.5% of global production???
https://www.bloomberg.com/news/articles/2023-11-28/panama-to-shut-down-first-quantum-mine-after-ruling-president?srnd=premium-canada
Their contract for the stream is no stronger than FM's contract to operate the mine if the government of Panama forbids the payment. I think in the final analysis FNV will come out of this better than FM since the resolution is not likely to affect the streaming royalty and I expect it will in fact be paid.