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Gold royalty companies offer investors exposure to gold and silver with the benefits of diversification, lower risk and a steady income stream.

Royalty companies operating in the resource sector will typically agree to provide funding for the exploration or development of a resource in exchange for a percentage of revenue from the deposit if it begins producing. Similarly, a company with a streaming model may work out an agreement with a resource company for a share of the metal produced from a deposit in exchange for an investment.

These kinds of arrangements benefit both parties. Streamers get access to the underlying commodity at a fixed price and are shielded from cost overruns and spikes in production. Further, if there is a price decrease the metals can be warehoused until the market conditions improve.

In both cases, mining companies receive considerable upfront investment during the expensive construction and expansion phases, and unlike loans these investments have longer-term payouts at a fixed amount.

Let’s take a deeper look at how royalties and streaming works, the benefits of the royalty business model, and the gold and silver royalty and streaming stocks you can invest in.

In this article

    How do gold and silver royalties work?

    Gold and silver royalty agreements involve royalty companies agreeing to provide funding for the exploration or development of a precious metals resource in exchange for a percentage of revenue from the deposit if it begins producing metals.

    The foundation for royalties dates back a few hundred years. Originally, they were payments made to the British monarchy in exchange for miners’ rights to operate gold and silver mining operations on lands held by the crown. Today, these arrangements still exist, with mining operators paying the government a share of the revenues generated from exploiting resources on public lands.

    The first royalty paid to a company in the gold sector was an agreement in 1986 in which Franco-Nevada (TSX:FNV,NYSE:FNV) made a US$2 million investment into Western States Minerals’ Goldstrike small heap-leach mine in Nevada, US, for a 4 percent share of revenues collected from the mine. Western States was sold the same year to Barrick Gold (TSX:ABX,NYSE:GOLD). Barrick discovered a far larger resource at the site and the royalty has since earned Franco-Nevada more than US$1 billion.

    This early example set a precedent for the industry. It saw Franco-Nevada, which was then a gold exploration company, lock itself into what became one of the largest gold mineral resources in the world at a relatively low overhead while avoiding future costs associated with the growth and maintenance of the mine.

    How do gold and silver streams work?

    Gold and silver streams work in a similar manner to the royalty model but returns are in the form of physical metals rather than funds. In return for investing in an asset, a gold streaming company may work out an agreement with a resource company for a share of the metal produced from a deposit, or for the ability to purchase the metal at a lower price than market value.

    This is also a popular model with base metal mining companies whose operations result in gold and/or silver by-products. In these cases, gold and silver streaming companies may work out a deal with a base metal mining operation to take delivery of a certain amount of precious metals at an agreed upon price.

    The Goldstrike royalty made Franco-Nevada what it is today, but its largest contributing asset in its portfolio is a deal with Lundin Mining (TSX:LUN,OTC Pink:LUNMF) for a stream of the gold and silver resources extracted from its Candelaria copper mine in Chile.

    Under the terms of the deal, which was part of Lundin’s 2014 acquisition of Freeport-McMoRan’s (NYSE:FCX) stake in Candelaria, Franco-Nevada provided a US$648 million deposit in exchange for a 68 percent stream of the asset’s silver and gold. This will lower to 40 percent once 720,000 ounces of gold and 12 million ounces of silver have been delivered, which the company currently predicts will take place in 2027.

    While Franco-Nevada does have to pay for the metal, the agreed upon amount is far under the current market value. At the time, the deal was set at US$400 for each ounce of gold and US$4 per ounce of silver with a 1 percent inflationary adjustment, or market price if that was less.

    Are royalty and streaming companies a good investment?

    Royalty and streaming companies are largely seen as a lower-risk investment than mining companies. Lower operational costs and higher portfolio diversification means they are hedged against a mine shutdown, natural disaster, market forces or the politics that may affect the nature of an operation or project. However, that’s not to say royalty and streaming deals aren’t without their risks.

    In many ways, gold royalty companies are like venture capitalists in the tech industry, working to fund many projects in the hopes that some will see big payoffs that offset the loss from the ones that don’t make it. This means they need large access to funding in order to build their portfolios.

    To get funding, royalty and streaming companies have several options: using cash on hand, raising debt through loans or issuing more shares. Each of these options carries risk. Using cash to pay for investments could reduce the size of the safety net and eat into company liquidity, debt needs to be managed to ensure that payments don’t exceed income and the issuance of stock could lead to an overall devaluation of share price and impact investor sentiment.

    Once companies have developed strong cash flows and good liquidity, they are able to take advantage of their own reserves, without the need to worry about loans or stock dilution. The same cannot be said for the up-and-coming companies who need to rely on external funding to make deals, making them riskier.

    These companies provide a good entry point for investors with lower share price, and have more potential to return higher percentage gains in share price, they also bear more risk. With more reliance on raising external capital, there is a greater need for deals to be successful and a greater chance for a company to incur more debt load or stock dilution.

    Diverse portfolios can help reduce the risk associated with a royalty company, and companies like Franco-Nevada have the industry knowledge and financial capital to take some risks. As of February 2025, the company has 430 assets on their books; of those, 119 are producing, and 38 are in the advanced stages of development. It’s the 273 more that are in the exploration phase, many of which will never provide returns, that represent the greatest risk.

    Of course, unforeseen events can affect both mining and royalty companies alike, particularly when assets that take up a larger percentage or a portfolio are affected. Franco-Nevada had more than US$1 billion invested in First Quantum’s (TSX:FM,OTC Pink:FQVLF) Cobre Panama mine before it was shuttered by the Panamanian government following protests at the end of 2023. The mine brought in US$223.3 million for Franco-Nevada in 2022 and represented nearly a quarter of its precious metal income. While it fared better than First Quantum, the royalty company’s share price took a significant hit.

    Top 5 gold and silver royalty companies

    The biggest companies in the precious metals royalty and streaming space have long histories and have built positive reputations on the backs of strong investments. They offer a means for investors to de-risk an entry into the gold sector by maintaining an arms-length attachment to it.

    The five large-cap gold and silver royalty and streaming companies on this list had market caps above $1 billion in their respective currencies as of November 17, 2025.

    1. Wheaton Precious Metals (TSX:WPM,NYSE:WPM)

    Market cap: C$66.35 billion
    Share price: C$143.68

    Wheaton Precious Metals was established in 2004 as Silver Wheaton with a focus on silver streaming. Goldcorp held a majority interest, but began to reduce it in 2006 and by 2008 had completely divested itself. By that time, Silver Wheaton had begun to diversify into other precious metals. The following year, Silver Wheaton acquired rival silver streaming stock Silverstone Resources in a C$190 million deal.

    Silver Wheaton changed its name in 2017 to Wheaton Precious Metals and has since built itself into one of the largest players in the gold and silver royalty and streaming space, with investments in 23 operating mines and 25 development projects across five continents.

    Included in Wheaton’s assets are investments in Newmont’s (TSX:NGT,NYSE:NEM,ASX:NEM) Peñasquito mine in Mexico, Sibanye Stillwater’s (NYSE:SBSW) Stillwater and East Boulder mines in Montana, United States, and Hudbay Minerals’ (TSX:HBM,NYSE:HBM) Copper World Complex project in Arizona, US.

    2. Franco-Nevada (TSX:FNV,NYSE:FNV)

    Market cap: C$53.31 billion
    Share price: C$274.02

    A trailblazer in the gold royalty business, Franco-Nevada has set a high bar. The current iteration of the company was spun out of Newmont in what became a C$1.1 billion initial public offering, one of the biggest IPOs of 2007.

    Franco-Nevada now has a portfolio of royalties and streams on 119 producing assets around the world including gold, silver, base metal and oil and gas operations, which generate more than US$1.2 billion for the company annually. Additionally, the company’s portfolio includes 38 advanced-stage assets and 273 exploration-stage assets.

    Among the producing assets for which Franco-Nevada has precious metals streams and royalties are Glencore’s (LSE:GLEN,OTC Pink:GLCNF) Antapaccay mine in Peru, Agnico Eagle’s (NYSE:AEM,TSX:AEM) Detour Lake mine in Ontario, Canada, and Gold Fields’ (NYSE:GFI) Salares Norte mine in Chile.

    See the sections above for more information on Franco-Nevada’s royalty and streaming deals.

    3. Royal Gold (NASDAQ:RGLD)

    Market cap: US$15.54 billion
    Share price: US$184.07

    Royal Gold got its start in 1981 as oil and gas exploration and production company Royal Resources.

    Responding to shifts in the overall resource market, by 1987, Royal Gold was born with a focus on building a portfolio of minority positions in significant gold properties operated by major mining firms.

    Today, Royal Gold is a leading precious metals streaming and royalty company with interest in about 400 properties, of which 82 are producing assets, across 31 countries.

    About half of its portfolio came from its October 2025 acquisition of Sandstorm Gold and Horizon Copper, which combined for 230 royalty assets, including 40 producing assets.

    Among Royal Gold’s royalty assets are Barrick Mining (TSX:ABX,NYSE:B) and Newmont’s Cortez mine in Nevada, US, Teck’s (TSX:TECK.A,TECK.B,NYSE:TECK) Andacollo mine in Chile and Centerra Gold’s (TSX:CG,NYSE:CGAU) Mount Milligan mine in British Columbia, Canada.

    4. Triple Flag Precious Metals (TSX:TFPM)

    Market cap: C$8.71 billion
    Share price: C42.45

    Triple Flag Precious Metals was founded in 2016 by Shaun Usmar, a former Barrick executive and current CEO of Vale’s (NYSE:VALE) Vale Base Metals.

    Although the company is a relative newcomer to the royalty and streaming space, it has quickly established itself as a frontrunner through several significant deals. Among them was the acquisition of Maverix Metals in January 2023, which helped them become the fourth-largest precious metals royalty company.

    Today, Triple Flag has a global portfolio of gold and silver assets on nearly every continent, comprising 33 production assets and 206 in development or exploration.

    Highlights from its portfolio include streaming and royalty deals on Evolution Mining’s (ASX:EVN,OTC Pink:CAHPF) Northparkes mine in New South Wales, Australia, Nexa Resources’ (NYSE:NEXA) Cerro Lindo mine in Peru, and Westgold Resources’ (ASX:WGX,OTC Pink:WGXRF) Beta Hunt mine in Western Australia.

    5. OR Royalties (TSX:OR,NYSE:OR)

    Market cap: C$8.55 billion
    Share price: C$44.79

    Previously named Osisko Gold Royalties, OR Royalties was created in 2014 as a spinoff deal between Osisko Mining (TSX:OSK), Yamana Gold and Agnico Eagle Mines (TSX:AEM,NYSE:AEM). The deal was made in an attempt to prevent a hostile takeover of Osisko Mining and its Canadian Malartic gold complex by Goldcorp, now part of Newmont.

    In the deal, OR Royalties carried with it a 5 percent net smelter return royalty from the Canadian Malartic mine. Now owned by Agnico Eagle, the complex in Québec remains a cornerstone of the royalty company’s business today.

    The gold and silver royalty and streaming company has gone on to amass royalties, streams and offtakes for 195 assets, 22 of which are producing, across six continents.

    The majority are located in North America, including one of the most well-known gold-producing mines in the world, Agnico Eagle’s Canadian Malartic complex in Québec, as well as SSR Mining’s (NASDAQ:SSRM,TSX:SSRM) Seabee mine in Saskatchewan, Canada, and Kinross Gold’s (TSX:K,NYSE:KGC) Bald Mountain mine in Nevada.

    Small-cap gold and silver royalty companies

    There are also small-cap gold and silver royalty and streaming companies you can invest in and offer a lower-cost option for investors who are comfortable with a little more risk. Like their larger counterparts, small-cap gold royalty stocks offer a lower-risk investment than getting into a small-cap mining company but still provide access to the underlying precious metals market.

    The five small-cap gold and silver royalty companies on this list had market caps above $10 million in their respective currencies as of November 17, 2025.

    1. Gold Royalty (NYSEAMERICAN:GROY)

    Market cap: US$634.85 million
    Share price: US$3.65

    Gold Royalty is building a diversified portfolio of more than 240 gold royalty and gold streaming interests based on net smelter return royalties on properties in the Americas.

    The company’s revenue generating investments include Agnico Eagle’s Canadian Malartic complex in Québec, DPM Metals’ (TSX:DPM) Vareš mine in Bosnia and Herzegovina, and Discovery Silver’s (TSX:DSV,OTCQX:DSVSF) Borden mine in Ontario.

    2. Metalla Royalty & Streaming (TSXV:MTA)

    Market cap: C$861.57 million
    Share price: C$9.59

    Metalla Royalty & Streaming focuses on gold, silver and copper projects. The company’s royalty model involves acquiring royalties and streams by offering resource companies Metalla shares and cash.

    The mid-tier royalty and streaming company’s asset portfolio includes more than 100 projects across North America, South America and Australia. Its cornerstone assets include IAMGOLD (TSX:IMG,NYSE:IAG) and Sumitomo Metal Mining’s (OTC Pink:SSUMF,TSE:5713) Côté gold mine in Ontario, Canada, and First Quantum Minerals’ (TSX:FM) Taca Taca project in Argentina.

    3. Sailfish Royalty (TSXV:FISH,OTCQX:SROYF)

    Market cap: C$242.13 million
    Share price: C$3.30

    Founded in 2014, Sailfish Royalty’s asset portfolio is much smaller than the other gold royalty stocks on this list. It consists of one producing mine as well as two development-stage and two exploration-stage properties in the Americas.

    In Nicaragua, Sailfish has a gold stream equivalent to a 3 percent net smelter return on Mako Mining’s (TSXV:MKO,OTCQX:MAKOF) San Albino gold mine and a 2 percent net smelter return on the area surrounding the mine. The company also holds a 13,500 ounce per quarter silver stream at the property, which was set to expire in May 2025. At the end of April, Sailfish chose to exercise its option to purchase all silver for the life of the mine.

    4. Empress Royalty (TSXV:EMPR,OTCQX:EMPYF)

    Market cap: C$151.4 million
    Share price: C$1.14

    Empress Royalty’s business model involves investing in mining companies in various stages of exploration through production who need further non-dilutive capital to fund their projects and operations.

    Empress’ gold and silver royalty and streaming portfolio includes four producing assets, with two in the Americas and two in Africa: the privately owned Sierra Antapite mine in Peru, Luca Mining’s (TSXV: LUCA) Tahuehueto mine in Mexico, the privately owned Manica mine in Mozambique and Golconda Gold’s (TSXV:GG,OTCQB:GGGOF) Galaxy gold mine in South Africa.

    Empress has a silver stream for Tahuehueto and gold streams for the other three mines.

    The company’s portfolio also includes the development stage Pinos gold-silver project, owned by Candelaria Mining (TSXV:CAND), as well as 10 exploration assets in Canada.

    5. Silver Crown Royalties (CBOE:SCRI,OTCQX:SLCRF)

    Market cap: C$21.87 million
    Share price: C$6.05

    Silver Crown Royalties is a revenue-generating silver-only royalty company focusing on silver as by-product credits. The company targets royalty originations on producing or near-producing assets in tier 1 jurisdictions.

    Silver Crown has royalties on two producing assets in its portfolio: Gold Mountain Mining’s (TSX:GMTN) Elk gold project in British Columbia, Canada, and private Canadian company Pilar Gold’s PGDM mine in Brazil.

    Gold and silver royalty ETFs

    Those who want more broad exposure to the precious metals markets may want to buy shares of an exchange-traded fund that includes gold and silver royalty and streaming stocks. Here are a few to get you started, including ASX gold ETFs and a US gold ETF.

    Betashares Global Royalties ETF (ASX:ROYL)
    The Betashares Global Royalties ETF is an Australian ETF that tracks the performance of an index of global companies that earn a significant amount of their revenue from royalty income, royalty-related income and intellectual property income. The fund’s top two holdings are Wheaton Precious Metals and Franco-Nevada, with Royal Gold and OR Royalties also among its significant holdings.

    Betashares Global Gold Miners ETF (ASX:MNRS)
    The Betashares Global Gold Miners ETF tracks the performance of an index of the world’s largest gold mining companies outside of Australia, hedged into Australian dollars. Wheaton Precious Metals, Franco-Nevada and Royal Gold are also among the fund’s top holdings.

    VanEck Gold Miners ETF (ARCA:GDX)
    The VanEck Gold Miners ETF is a US gold ETF that aims to replicate the performance of the MarketVector Global Gold Miners Index by holding large-cap gold mining stocks and precious metals royalty companies. As with the other gold ETFs on this list, its top holdings include Franco-Nevada, Wheaton Precious Metals and Royal Gold.

    Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    LAURION Mineral Exploration (TSXV:LME,OTCPINK:LMEFF, FSE:5YD) is a Canadian mid-stage exploration and development company advancing its 100-percent-owned Ishkōday project in Ontario’s Greenstone Belt. The 57 sq km project hosts gold and zinc-copper-silver mineralization, plus two past-producing mines and roughly 280,000 tonnes of historical stockpiles averaging 1.14 g/t gold—offering multiple value streams and strong leverage to both precious and base metals.

    Ongoing drilling, surface work and 3D modeling, supported by leading technical and permitting partners, are outlining a large mineralized system across a 6 km by 2.5 km corridor, highlighting Ishkōday’s district-scale potential. LAURION is also advancing its AEP to enable underground access and potential processing of historical stockpiles, which contain an estimated 10,000 ounces of near-term gold and could provide early cash flow to support future exploration.

    Ishkōday geology overview

    LAURION’s approximately 73.6 percent insider ownership reflects strong alignment and long-term confidence in the company’s strategy.

    Company Highlights

    • Dual-mineralization, district-scale opportunity: The Ishkōday project features an uncommon pairing of two mineral systems in a single district: 1) a gold dominant orogenic system and gold with silver-zinc-copper epithermal system.
    • Brownfield advantage: Anchored by two historic past-producing mines within a 57 sq km land package in Ontario’s prolific Greenstone Belt.
    • Exceptional insider alignment: Approximately 73.6 percent insider, friends-and-family ownership demonstrates long-term confidence in the project.
    • Robust technical foundation: Nearly 100,000 metres of drilling, advanced 3D geological modeling, and partnerships with leading engineering, geoscience and ESG firms.
    • Near-term cash-flow potential: Surface stockpile and tailings with an historic estimation, containing roughly 10,000 ounces (280kt @ 1.14 g/t Au) of gold pending advanced exploration permit approval.
    • Strategic rerating and M&A appeal: Ongoing derisking, resource growth and permitting progress position Ishkōday as a future development or acquisition candidate in a Tier-1 jurisdiction.

    This LAURION Minerals Exploration profile is part of a paid investor education campaign.*

    Click here to connect with LAURION Minerals Exploration (TSXV:LME) to receive an Investor Presentation

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    Brightstar Resources Limited (ASX: BTR) (Brightstar or Company) provides the following update on the proposed acquisition of 100% of the fully paid ordinary shares and options in Aurumin Limited (Aurumin) by Brightstar by way of Court-approved share scheme of arrangement (Share Scheme) and option scheme of arrangement (Option Scheme, together the Schemes) under Part 5.1 of the Corporations Act 2001 (Cth).

    Unless otherwise specified, capitalised terms used in this announcement have the same meaning as given in Aurumin’s Scheme Booklet dated 9 October 2025 (Scheme Booklet).

    RESULTS OF THE SECOND COURT HEARING

    Brightstar is pleased to announce that the Supreme Court of Western Australia (Court) has made orders approving the Schemes under which Brightstar will acquire 100% of the shares of Aurumin and all Aurumin options will be cancelled in exchange for new Brightstar options.

    Aurumin intends to lodge an office copy of the Court’s orders with the Australian Securities and Investments Commission (ASIC) on Friday, 21 November 2025, at which time the Schemes will become legally effective. Aurumin expects that the ASX will suspend Aurumin shares from trading on the ASX with effect from the close of trading on Friday, 21 November 2025.

    SANDSTONE PROJECT UPDATE

    • Brightstar and Aurumin currently have six drilling rigs operating in Sandstone, targeting material Mineral Resource Estimate (MRE) growth and infill drilling key deposits to enable an increase in confidence classification
    • Post implementation, the consolidated MRE at Sandstone increases to 2.4Moz @ 1.5g/t Au (pro forma basis with Aurumin)1, with the group total MRE increasing to 3.9Moz @ 1.5g/t Au
    • A Mineral Resource upgrade for Sandstone is targeted for release in 1H CY26 following significant exploration drilling over the past 12 months (+70,000m completed to date)
    • Workstreams proceed on the consolidated Pre-Feasibility Study, with mining engineering, metallurgical, geotechnical, approvals and permitting activities continuing apace to fast-track the eventual development of the Sandstone Gold Project (targeted for FID in 2H CY27)
    • The successful development of Sandstone, in conjunction with the near-term production expansion of Brightstar’s Menzies-Laverton asset base, underpins Brightstar’s aspirational production target of +200,000oz pa.

    Brightstar’s Managing Director, Alex Rovira, commented:

    “We are delighted to see the overwhelming support from Aurumin securityholders for the Schemes. This is the first time in over a decade the Sandstone Greenstone Belt has been consolidated under one ownership, with production last occurring in Sandstone when the gold price was less than A$1,000/oz.

    Despite the limited systematic exploration history as a result of the fragmented ownership, upon completion of the Schemes, Brightstar will emerge with a Mineral Resource of approximately 2.4Moz @ 1.5g/t at the Sandstone Gold Project that is largely constrained within the top 150m from surface. Notably, we see significant potential for Mineral Resource growth following the ~70,000m of drilling already completed in Sandstone by Brightstar, with a targeted ~120,000m of drilling planned for completion prior to the Pre- Feasibility Study targeted for release in mid-2026.

    In our view, the Sandstone district potentially represents one of the largest undeveloped gold projects in the WA goldfields in the hands of a junior/emerging company, with the potential for a multi-decade mine life across both open pit and underground operations.

    The development of our Menzies, Laverton, and Sandstone Gold Projects is central to delivering on our vision and positioning Brightstar as an emerging mid-tier Western Australian gold producer.”


    Click here for the full ASX Release

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    Gina Rinehart, owner and CEO of private Australian mining company Hancock Prospecting, has become the largest shareholder of rare earths company MP Materials (NYSE:MP).

    Rinehart’s stake in MP, which she owns via Hancock, now stands at 8.4 percent.

    According to Bloomberg, Hancock added 1 million shares to its MP position in the third quarter. After MP’s share price doubled during the period, it became the top holding in Hancock’s portfolio.

    MP owns and runs the Mountain Pass rare earths mine in San Bernardino County, California. The mine was revived by MP in 2017 and achieved first rare earths concentrate production in 2018.

    In 2024, the company produced a record 45,455 metric tons of rare earth oxides in concentrate, as well as 1,294 metric tons of neodymium-praeseodymium (NdPr) oxide, also a record amount.

    Mountain Pass is currently the only operating rare earths mine in the US, and is gaining attention as the US seeks to establish a rare earths supply chain outside of China. In July, the US Department of Defense (DoD) agreed to buy US$400 million worth of preferred stock in the company, a move that MP called a ‘transformational public-private partnership.’

    On Wednesday (November 19), MP deepened its DoD relationship with a partnership to establish a joint venture with Saudi Arabian Mining Company (Maaden); together they will develop a rare earths refinery in Saudi Arabia.

    ‘This agreement will be beneficial to MP and our industry, and it further aligns U.S. and Saudi interests,’ said James Litinsky, MP’s founder, chair and CEO, in a press release shared by the company that day.

    ‘The formation of the joint venture also underscores MP Materials’ role as an American national champion, and it demonstrates how our fully integrated platform can project U.S. industrial capability abroad.’

    Earlier this year, the Trump administration said Dateline Resources’ (ASX:DTR,OTCQB:DTREF) Colosseum mine, located 10 kilometres from Mountain Pass, could continue operations under its existing mine plan.

    A bankable feasibility study is currently being completed for Colosseum, and is due for completion in early 2026.

    Rinehart’s rare earths investments

    Rinehart is the wealthiest person in Australia, holding a net worth of US$23.9 billion.

    According to Forbes’ 100 billionaires list, she was the 61st richest person globally as of March 7, 2025.

    Besides MP, she is also the largest shareholder of Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), with Hancock’s first investment in that company tracing back to December 2022.

    On October 29, Arafura said it was conducting a AU$475 million financing to further advance its Nolans project. Nolans is expected to eventually supply approximately 4 percent of the world’s NdPr oxide.

    Arafura said Hancock committed AU$125 million to the placement, bringing its stake in the firm to 15.7 percent.

    Hancock also holds an interest in Lynas Rare Earths (ASX:LYC,OTCQX:LYSDY), with Rinehart raising her stake in the company to 8.21 percent in January via the purchase of about 10 million shares.

    In 2023, Hancock Prospecting was reported to back Brazilian Rare Earths (ASX:BRE,OTCQX:BRELY) before it went public, taking a 5.85 percent stake. Brazilian Rare Earths listed on the ASX in December 2023.

    Through Hancock, Rinehart also holds investments in lithium, copper and many more commodities. Click here to read about her mining investments and work in the sector.

    Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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    Elliott Investment Management has reportedly taken a large stake in Barrick Mining (TSX:ABX,NYSE:B), the Financial Times reported on Tuesday (November 18), adding activist pressure to the gold producer, which is already dealing with escalating operational problems and a leadership shakeup.

    The moves comes just weeks after the abrupt September exit of former CEO Mark Bristow, and as Barrick’s new chief executive, Mark Hill, begins overhauling the company’s regional structure.

    In an internal memo seen by Bloomberg, Hill said Barrick will fold its Pueblo Viejo mine in the Dominican Republic into its North American division and merge its Latin America and Asia Pacific operations to improve performance.

    Elliott’s investment also comes during a challenging phase for Barrick.

    The company has been hit by rising costs at key North American assets and the loss of its most profitable operation, the Loulo-Gounkoto mine in Mali, after the military junta seized control earlier this year.

    The dispute, which was tied to Mali’s new mining tax code, resulted in 3 metric tons of gold being taken by the state and the detention of four Barrick employees. The asset loss also triggered a roughly US$1 billion writeoff.

    The setbacks have left Barrick trailing behind its peers despite a powerful gold price rally. Company shares are up 117 percent in the past year, compared with an average 130 percent gain among major rivals.

    Barrick’s performance has company executives weighing their options.

    As mentioned, a split into two companies is being considered. Four people told Reuters that this could involve one firm focused on North America and another holding assets in Africa and Asia. Another option would involve selling Barrick’s Africa portfolio outright, along with the Reko Diq project in Pakistan once financing is secured.

    Barrick is also trying to resolve its dispute with Mali before pursuing a sale of that operation.

    Investors have pushed similar ideas before, but were stifled due to the company’s North American footprint.

    The company’s core US asset is Nevada Gold Mines, which it operates in partnership with Newmont (NYSE:NEM,ASX:NEM), and the sentiment has been that “there is not much of value” in Barrick’s remaining mines.

    Bloomberg reported last month that Newmont was looking at whether a transaction could give it control of the Nevada operations it shares with Barrick, but discussions have not advanced since then.

    Elliott, meanwhile, has a long record of targeting miners, including Anglo American (LSE:AAL,OTCQX:AAUKF) and Kinross Gold (TSX:K,NYSE:KGC), and often pushes for structural changes.

    For Barrick, the challenge now is stabilizing its operations, while deciding how far to go with strategic restructuring in today’s historically high gold price environment.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Saudi Crown Prince Mohammed bin Salman committed his country to increasing his planned investment into the U.S. economy to nearly $1 trillion over the next year on Tuesday.

    MBS made the announcement while meeting with President Donald Trump in the Oval Office, saying the investments will take place across the U.S. economy. Trump initially stated that the investment would amount to ‘at least’ $600 billion, but the Saudi leader confirmed the higher amount during his remarks.

    ‘You’ve agreed to invest $600 billion into the United States and because he’s my friend, he might make it a trillion, but I’m going to have to work on him. But it’s 600. We can count on 600 billion. But, that number could go up a little bit higher,’ Trump said Tuesday.

    ‘That means investments in plants, in companies, money on Wall Street. And what it really means for everybody, what really counts is jobs. A lot of jobs. We have a lot of jobs,’ Trump added.

    Bin Salman vowed to meet the $1 trillion number just minutes later during comments to the press.

    Today and tomorrow, we are going to announce that we are going to increase that, that $600 billion to almost $1 trillion of investment, real investment and real opportunity in many areas,’ he said.

    ‘You know, that’s great. I appreciate that. That’s great. We’re doing numbers that nobody’s ever done. And in all fairness, if you didn’t see potential in the U.S, you wouldn’t be doing it,’ Trump replied.

    ‘Definitely,’ bin Salman said.

    ‘You don’t want to lose money,’ Trump joked.

    Trump rolled out the red carpet for the Crown Prince on Tuesday, greeting the Middle Eastern leader outside the White House flanked by dozens of U.S. servicemembers. It represents a return to the fold for Saudi Arabia after the country was largely shunned under former President Joe Biden’s administration.

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    Former national security officials could soon lose their security clearances — or even face lifetime bans from lobbying for foreign adversaries — under a new crackdown from Texas Republicans John Cornyn and August Pfluger.

    The three-bill package takes direct aim at Washington’s revolving door, closing the loopholes that have let former officials and power brokers — many with deep knowledge of U.S. defense secrets — quietly push the interests of China, Russia and other hostile regimes inside the U.S. government.

    If enacted, the legislation would require the Pentagon to revoke security clearances from former defense officials who lobby for Chinese-owned companies and impose a lifetime ban on any Senate-confirmed official lobbying on behalf of designated adversaries — including China, Russia, Iran and North Korea.

    A third measure — the PAID OFF Act (Preventing Adversary Influence, Disinformation and Obscured Foreign Financing Act) — would overhaul the Foreign Agents Registration Act (FARA) by eliminating the ‘commercial’ and Lobbying Disclosure Act (LDA) exemptions for entities tied to countries of concern. That change would force anyone representing or advocating for companies substantially owned or controlled by adversary governments, such as China or Russia, to register publicly as foreign agents and would expand the Justice Department’s enforcement authority to pursue unregistered influence campaigns.

    The new bills aim to tighten lobbying restrictions amid a growing list of former officials and politically connected figures who have leveraged their Washington access to benefit foreign governments and corporations with minimal disclosure.

    The effort marks the full bicameral rollout of the Cornyn-Pfluger package. Cornyn introduced the PAID OFF and CLEAR Path Acts earlier this year in the Senate and is introducing the REVOKE Act today, while Pfluger is introducing all three bills in the House.

    The legislation has bipartisan consensus: Sen. Sheldon Whitehouse, D-R.I., is the Democratic Senate co-lead on each measure, while Rep. Jason Crow, D-Colo., is co-sponsoring the CLEAR Path and PAID Off Acts, while Rep. Don Davis, D-Ill., is co-sponsoring the REVOKE Act.

    The REVOKE Act was included in the House-passed National Defense Authorization Act, and the PAID OFF Act was included in the Senate-passed version, giving key parts of the proposal bipartisan traction in both chambers.

    From the Pentagon’s E-ring to K Street boardrooms, a generation of former officials has turned national security experience into private contracts with foreign-linked companies. 

    The same revolving door extended into the legal world. President Barack Obama’s Attorney General Loretta Lynch, now a partner at a major Washington firm, represented DJI Technology, the Chinese drone manufacturer later labeled by the Pentagon as a ‘Chinese military company.’ In 2023, she wrote to the War Department urging DJI’s removal from that list and led litigation challenging the designation before the company changed counsel in December.

    DJI’s influence campaign in Washington reached far beyond Lynch’s firm. Jeff Denham, a former Republican congressman and Air Force veteran, was among the lobbyists listed on K&L Gates’s 2020 filings for DJI, focused on defense and commerce issues.

    John P. Flynn, a former Air Force officer and deputy assistant secretary of the Air Force for legislative liaison, also appeared on Squire Patton Boggs’s lobbying disclosures for the company in 2022 and 2023. Their paths from military and congressional service to representing a Chinese defense-linked firm show how deeply the revolving door runs — and how easily government experience in the national security realm can become a global commodity once officials enter the private sector.

    That network extended to Barry Rhoads, the chairman of Cassidy & Associates, one of Washington’s most established defense lobbying firms. A former Army JAG officer and counsel to the House Appropriations Committee’s Defense Subcommittee, Rhoads was listed among the lobbyists who represented DJI between 2018 and 2022. His decades of Capitol Hill and Pentagon experience made him a sought-after adviser for defense contractors — and, under current law, even for companies tied to U.S. adversaries.

    In another high-profile example, former Defense Secretary William S. Cohen once worked with Huawei Technologies, the Chinese telecom company later deemed a U.S. national security risk. After leaving the Pentagon, Cohen founded The Cohen Group, which advised Huawei in 2010.

    A spokesperson for the firm told Fox News Digital the work was done ‘with the support of the Department of Defense and Director of National Intelligence’ and was meant to limit Huawei’s business in the U.S. to activities acceptable to the U.S. government. The firm said it helped draft a plan that would have restricted Huawei’s sales under a national security agreement, but ended the project when the company ‘decided to take a different path.’

    U.S. intelligence agencies have since warned that Huawei’s technology could be used by Beijing for espionage, prompting limits on its access to American networks and suppliers.

    Lynch, Flynn, Denham and Rhoads did not respond to requests for comment.

    The pattern has not been limited to defense insiders. Hunter Biden, who has faced a years-long Justice Department investigation into his foreign business dealings, including work for a Romanian real estate tycoon and his position on the board of the Ukrainian energy company Burisma Holdings, has also drawn scrutiny from congressional investigators.

    They have examined his contacts with businessmen linked to Russian and Chinese interests during the same period. No charges have been filed under the Foreign Agents Registration Act, but the probe has drawn attention to how politically connected figures can pursue lucrative overseas ventures that blur the line between private consulting and foreign influence. 

    ‘It is the bare minimum expectation that U.S. government employees work for the betterment of America, both during their service and long after it. Yet far too often, we see individuals leave government only to lobby on behalf of foreign adversaries who wish to see America fail,’ said Pfluger in a statement. ‘This is a dangerous flaw in the incentive structure for those serving at the highest levels of government.’

     ‘American policy should not in any way reflect the handiwork of foreign adversaries who are actively working to tip the scales in their favor and undermine our interests,’  said Cornyn. 

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    U.S. Ambassador to the United Nations Mike Waltz called the recent killings of Christians in Nigeria ‘genocide wearing the mask of chaos.’

    Waltz made the remarks Tuesday at an event hosted by the United States Mission to the United Nations that spotlighted religious violence and the killings of Christians in the most populous African nation.

    ‘There is a body of evidence, and you are going to hear that from our experts today that paints a very grim picture of disproportionate suffering among Christians, where, again, families are torn apart, clergy is repeatedly assassinated, and entire congregations, church congregations,’ he said.

    ‘Folks, we have an entire faith that is being erased. One bullet at a time, one torched Bible at a time.’

    Rapper Nicki Minaj, who was born in Trinidad and Tobago, also spoke at the event, saying she wanted to speak out against injustice and stand up for people who are persecuted for their beliefs.

    ‘In Nigeria, Christians are being targeted, driven from their homes and killed. Churches have been burned. Families have been torn apart and entire communities live in fear constantly, simply because of how they pray,’ she told attendees.

    ‘Sadly, this problem is not only a growing problem in Nigeria, but also in so many other countries across the world, and it demands urgent action,’ Minaj said. ‘And I want to be clear, protecting Christians in Nigeria is not about taking sides or dividing people. It is about uniting humanity.’

    Minaj’s speech came after President Donald Trump threatened in a November Truth Social post to send U.S. troops ‘guns-a-blazing’ into the most populous country in Africa to ‘completely wipe out the Islamic Terrorists who are committing these horrible atrocities.’

    The president also threatened to stop all aid and assistance if the violence continued.

    Nigerian President Bola Tinubu responded to Trump’s threat, writing on social media that his administration has worked with Christian and Muslim leaders to address security challenges affecting citizens across all faiths and regions.

    ‘The characterisation of Nigeria as religiously intolerant does not reflect our national reality, nor does it take into consideration the consistent and sincere efforts of the government to safeguard freedom of religion and beliefs for all Nigerians,’ he wrote on X.

    ‘Religious freedom and tolerance have been a core tenet of our collective identity and shall always remain so. Nigeria opposes religious persecution and does not encourage it.’

    Open Doors, an international Christian organization that supports persecuted believers, said attacks are most common in the northern, Muslim-majority states of Nigeria but have started spreading into the Middle Belt and farther south.

    The organization stated that Christians are at risk from targeted attacks by Islamist militants, including Fulani fighters and Boko Haram, and women are often killed and subjected to sexual violence.

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    Nearly two dozen House Democrats defied their party leaders’ wishes Tuesday to vote in favor of rebuking a progressive lawmaker for what critics called an unfair move to tip the scales in his district’s next election.

    The House voted to pass a resolution of disapproval against Rep. Jesús ‘Chuy’ García, a measure that was led by one of his fellow Democrats — moderate Rep. Marie Gluesenkamp Perez, D-Wash.

    It passed in a 236 to 183 vote, with 23 Democrats voting with the GOP to rebuke García. Four lawmakers voted ‘present’ — Reps. Warren Davidson, R-Ohio, Chrissy Houlahan, D-Pa., Suhas Subramanyam, D-Va., and Marcy Kaptur, D-Ohio.

    The Democrats who voted with Republicans include Reps. Kristen McDonald Rivet, D-Mich., Sharice Davids, D-Kan., Laura Gillen, D-N.Y., Angie Craig, D-Minn., Kathy Castor, D-Fla., Jared Golden, D-Maine, Pat Ryan, D-N.Y., and Perez.

    ‘I’m on the Ethics Committee — I just generally, for stuff that should be referred to the Ethics Committee, I voted present,’ Subramanyam told Fox News Digital of his vote.

    Houlahan said, ‘I worry that we’re in an endless cycle of tit-for-tat. What [Garcia] did was not correct. But my choice was to say that this needed to be taken up in the Ethics Committee. That’s why I voted the way I voted, because I don’t want people to continue to bring up resolutions against each other for every single thing that happens.’

    Craig and Perez declined to elaborate on their votes.

    Perez had accused García of ‘undermining the process of a free and fair election’ by abruptly changing course on his re-election bid hours before the filing deadline in his deep-blue Illinois district. Critics of the move said the timing ensured García’s chief of staff was the only person able to file to run instead.

    The division caused a political headache for House Democratic leadership, which opposed the resolution.

    House Democrats who voted in favor of rebuking García did so against the expressed wishes of Minority Leader Hakeem Jeffries, D-N.Y., who said Monday that Americans were ‘focused on the high cost of living in the United States of America.’

    ‘I do not support the so-called resolution of disapproval, and I strongly support Congressman Chuy García. He’s been a progressive champion for disenfranchised communities for decades, including during his time in Congress. And he’s made life better for the American people,’ Jeffries said.

    He released an additional statement on Tuesday morning alongside Democratic Whip Katherine Clark, D-Mass., and Democratic Caucus Chair Pete Aguilar, D-Calif., urging opposition to the resolution.

    ‘He is a good man who has always prioritized the people he represents, even while experiencing unthinkable family tragedy. We unequivocally oppose this misguided resolution and urge our colleagues in the House Democratic Caucus to reject it,’ they wrote.

    García said his decision was due to health reasons for himself and his family, as well as a desire to spend more time with his grandchildren.

    Democrats’ bid to kill the measure failed on Monday night, with Perez and Rep. Jared Golden, D-Maine, voting with Republicans to proceed with the vote.

    Perez laid out her case during debate on the measure shortly thereafter.

    ‘I like Chuy García. I think his reasons for retiring are noble. We are not here to adjudicate the character of Chuy García. I’m asking the body to consider a set of facts laid before us tonight about how he chose his successor and deprived Americans the right to choose their elected representative,’ she said.

    ‘One week before the filing deadline, Congressman Chuy García filed for re-election and submitted the necessary signatures for that petition. But three days before the filing deadline, he also began collecting signatures for his chief of staff, who shares his last name. Just hours before the filing deadline, Representative García’s chief of staff submitted the paperwork to run with at least 2,500 signatures attached to it, and Chuy García’s signature was the very first one listed in the petition.’

    During his own comments, García suggested his wife’s recent multiple sclerosis diagnosis was part of his decision to withdraw, while disputing other accusations against himself.

    ‘I filed to run for Congress because this work is more important than ever, and I wanted to deliver for my community and to be part, hopefully, of a new House majority next year. I followed the rules of Illinois and its election law … And contrary to claims that were made earlier today, I did not circulate any petitions that I was accused of circulating. I only circulated when I filed on the first day,’ García said.

    ‘But as I looked ahead, I had to be honest about what the next term would demand and what my family needed. I saw the big picture — supporting my wife as we managed her illness, taking better care of my own health and being present for the grandson that we just adopted two weeks ago. It was a tough decision, but I made that choice.’

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    Rapper Nicki Minaj brought her star power to the United Nations to draw global attention to the persecution of Christians in Nigeria.

    Minaj, who was born in Trinidad and Tobago, teamed up with President Donald Trump’s U.S. Ambassador to the United Nations Mike Waltz to speak at an event hosted by the United States Mission to the United Nations that spotlighted religious violence and the killings of Christians in the most populous African nation.

    The rap mogul said she wanted to speak out against injustice and stand up for people who are persecuted for their beliefs.

    ‘In Nigeria, Christians are being targeted, driven from their homes and killed. Churches have been burned. Families have been torn apart and entire communities live in fear constantly, simply because of how they pray,’ she told attendees.

    ‘Sadly, this problem is not only a growing problem in Nigeria, but also in so many other countries across the world, and it demands urgent action,’ Minaj said. ‘And I want to be clear, protecting Christians in Nigeria is not about taking sides or dividing people. It is about uniting humanity.’

    Minaj, who has been a vocal supporter of the Trump administration’s actions to combat the persecution of Christians in Nigeria, seemed to distance herself from politics. Addressing her fans directly, who she calls ‘Barbz,’ she once again said that she was not ‘taking sides.’

    ‘Barbz, I know you’re somewhere listening. I love you so very much. You have been the ultimate light in my life and career for so long. I appreciate you and I want to make it very clear — once again — that this isn’t about taking sides. This is about standing up in the face of injustice. It’s about what I’ve always stood for my entire career. And I will continue to stand for that for the rest of my life. I will care if anyone, anywhere, is being persecuted for their beliefs,’ Minaj said.

    Waltz also spoke, calling the killings of Christians in Nigeria ‘genocide wearing the mask of chaos.’

    ‘There is a body of evidence, and you are going to hear that from our experts today that paints a very grim picture of disproportionate suffering among Christians, where, again, families are torn apart, clergy is repeatedly assassinated, and entire congregations, church congregations,’ he said.

    ‘Folks, we have an entire faith that is being erased. One bullet at a time, one torched Bible at a time.’

    The event featuring Waltz and Minaj came after Trump threatened in a November Truth Social post to send U.S. troops ‘guns-a-blazing’ into the most populous country in Africa to ‘completely wipe out the Islamic Terrorists who are committing these horrible atrocities.’

    The president also threatened to stop all aid and assistance if the violence continued.

    Nigerian President Bola Tinubu responded to Trump’s threat, writing on social media that his administration has worked with Christian and Muslim leaders to address security challenges affecting citizens across all faiths and regions.

    ‘The characterisation of Nigeria as religiously intolerant does not reflect our national reality, nor does it take into consideration the consistent and sincere efforts of the government to safeguard freedom of religion and beliefs for all Nigerians,’ he wrote on X.

    ‘Religious freedom and tolerance have been a core tenet of our collective identity and shall always remain so. Nigeria opposes religious persecution and does not encourage it.’

    Open Doors, an international Christian organization that supports persecuted believers, said attacks are most common in the northern, Muslim-majority states of Nigeria but have started spreading into the Middle Belt and farther south.

    The organization stated that Christians are at risk from targeted attacks by Islamist militants, including Fulani fighters and Boko Haram, and women are often killed and subjected to sexual violence.

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