Orion Minerals secures $87m in funding for Prieska Update December

Orion Minerals secures $87m in funding for Prieska: Copper developer Orion Minerals has inked definitive agreements for an $87-milion funding package with TSX- and NYSE-listed Triple Flag Precious Metals Corp to advance its Prieska copper/zinc mine, in South Africa. The funding package comprises an $80-million precious metals stream, which will be drawn down in tranches alongside other bank or third-party funding during the mine development. Orion will also receive payments of 10% of the value of delivered precious metal paid at spot pricing at the time of delivery.