This Was The Changing Point For Streamers Says This CEO

Streaming deals amounted to $4 billion last year, and some companies are not necessarily looking to step aside in 2016, says Royal Gold CEO Tony Jensen. Sitting with Kitco News at Gold Stock Analyst Investor Day, Jensen said he expects to see good transactions occur during the course of the year. ‘If we were to take a step back a year ago, I think the transactions that we saw in the marketplace a year ago were much higher quality than what we’re seeing today,’ he noted. ‘I don’t feel like we’re compelled to go out and do another major transaction.’ According to Jensen, streaming companies have now come onto mining company chief financial officers’ radars and this should provide more opportunities for streaming and royalty companies. ‘It wasn’t there just a decade ago or even 5 years ago,’ he notes. ‘Now we have the likes of Barrick…these major companies are involved.’ Although he expects to look out for opportunities, his focus will remain to develop current projects. Kitco News, February 28, 2016. (show less)

Streaming deals amounted to $4 billion last year, and some companies are not necessarily looking to step aside in 2016, says Royal Gold CEO Tony Jensen. Sitting with Kitco News at Gold Stock Analyst Investor Day, Jensen said he expects to see good transactions occur during the course of the year. ‘If we were to take a step back a year ago, I think the transactions that we saw in the marketplace a year ago were much higher quality than what we’re seeing today,’ he ... (read more)

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