A subsidiary of Noranda Income Fund (NIF) has entered into a streaming deal with streaming and royalty company BaseCore Metals LP for zinc processed and refined at its electrolytic processing facility in Quebec, Canada, the company said.
The proceeds of the deal will be used to expand capacity at the company's Canadian Electrolytic Zinc (CEZ) refinery by around 20,000 tonnes per year.NIF has sales and production guidance for the year of 525,000-535,000 tonnes of zinc concentrate and secondary...