In August 2025, First Quantum Minerals, a diversified global mining company, completed a US$1.0 billion gold streaming transaction with Royal Gold, providing non dilutive upfront liquidity through the delivery of a proportion of future gold production referenced to copper production at the Kansanshi mine located in Zambia.
The transaction was a landmark in the precious metals streaming and mining sector, representing the largest individual gold streaming transaction completed by a global mining company at the time, and formed a key component of First Quantum’s capital structure optimization while supporting continued investment in long life mining assets, including in Zambia.
Fasken advised First Quantum Minerals in connection with its gold streaming transaction with Royal Gold, with a team led by Brian Graves and Johanna Fipke, and including John Turner, Brad Freelan, Zach Austin, Sarah Martin, Kathryn McCoy and Christopher Steeves.
Jurisdictions
- Canada
- Zambia
