Ero Copper Corp. entered into an additional precious metals purchase agreement with RGLD Gold AG, providing an advance of $50,000,000 for an additional gold stream from the NX Gold Mine, and amended its existing credit agreement to expand the definition of the NX Gold Mine to include the Stream AOI 2025 area.
Key takeaways
Ero Copper Corp. entered into an additional precious metals purchase agreement with RGLD Gold AG dated March 28, 2025.
The agreement provides for an additional advance of U.S. dollars 50,000,000 to be paid by Purchaser to Seller.
The Additional Gold Entitlement Percentage is 15% after 93,000 ounces of Refined Gold have been delivered under the Base Stream, until the Additional Gold Delivery Threshold of 40,200 ounces is reached.
The Delivery Payment for each ounce of Refined Gold delivered under the Additional Stream is 40% of the Gold Spot Price.
The company also executed a third amending agreement to its second amended and restated credit agreement dated March 28, 2025, expanding the definition of the NX Gold Mine to include the Stream AOI 2025 area.
The effectiveness of the Additional Stream is conditioned on several conditions, including amendments to the Credit Agreement and Credit Agreement ICA, and delivery of various security documents and registrations.