The Sonora, Mexico mine will produce approximately 6,000 oz per month in the third quarter and 7,500 oz per month in the fourth quarter.

The royalty package includes copper and gold production from the Sossego mine in Brazil and iron ore production from Brazil.

According to the company, construction remains on track to commence commissioning in Q4 2021 and pour gold in Q1 2022.

In his last days on the job, Ivan Glasenberg made one last deal, spending $588 million buying out the partners in the Cerrajon mine in Colombia.

Imported iron ore stocked at Chinese ports dropped for a fourth straight week to 123.95 million tonnes, as of Friday, hitting the lowest level since early October.

Gold intercept at the Cacao prospect, located about 4 km from a planned processing plant, is the best to date.