Post by
seriousinvest on Mar 09, 2023 4:23pm
Panama Cobre mine to reopen
FNV has I believe a very large and important streaming agreement with respect to this mine which has been closed for around 3 months. The co and Panama reached an agreement so the mine will soon be reopened. The company will pay royalties to Panama 10x greater than in the past but that should have no impact on FNV.
I am surprised that this has not had an iimpact on today's price but I am in Panama and maybe the news has not yet be come readily available.
Comment by
Sasha11 on Mar 10, 2023 2:00pm
A small %, which still helps and also shows dealing with third world governments need to diversify to reduce risk. FNV seems to be doing a good job with that, highlighting the importance of not putting too many eggs in one basket.