Sibanye-Stillwater has announced a $500m (R9.2bn) streaming agreement with Franco-Nevada (Barbados), a subsidiary of Franco-Nevada, for gold and platinum streams from its Marikana, Kroondal and Rustenburg operations.

Franco-Nevada Corporation FNV announced that it signed a $500-million precious metals stream agreement with Sibanye-Stillwater. This agreement will allow FNV access to the production of this fully integrated,

Sibanye-Stillwater is to deliver 1.1% of gold ounces in concentrate until 87,500 ounces are reached, followed by 0.75% until 237,000 ounces are delivered.

Sibanye-Stillwater said it entered into a $500 million agreement with mining royalty company Franco-Nevada for the long-term supply of gold and platinum from three of its mines in South Africa.

Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation ("FNB"), has entered into a precious metals stream (the "Stream") with reference to specific production from Sibanye-Stillwater Limited's ("Sibanye-Stillwater") Marikana,

(Reuters) -South African miner Sibanye Stillwater has struck a $500 million streaming agreement with Franco-Nevada Corp, Sibanye said on Thursday, as it seeks to boost its finances after a slump in platinum group metal (PGM) prices.