As the price of the yellow metal punched through the $1625 an ounce level, buy stops were initiated, fuelling the rally as some traders on the short side were forced out of the market.
Severance packages for management, early vesting options and cancelling contracts with Friedland-owned companies for aircraft rental and other office services quickly added up.
Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.
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