Empress Royalty agrees to buy Tongon gold stream for US$62 million
Empress Royalty agreed to buy Appian’s Tongon gold stream in Côte d’Ivoire for an upfront payment of USD 62 million. Stream delivers 3.58% of payable gold until 400,000 ounces, then 2.93% to 600,000 ounces, then 0.81% for about 29 years. Per-ounce purchase price set at 0.5% of the prevailing gold market price at delive