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Record streaming deal unlocks silver value while preserving BHP’s base-metals exposure In April 2026, BHP closed its US$4.3-billion silver streaming deal with Wheaton Precious Metals International Ltd., a subsidiary of Wheaton Precious Metals Corp., the world’s largest precious metals streaming company. This is the largest streaming transaction to date based on upfront payment.

Deal broadens Champion’s high-purity iron ore portfolio and European reach On April 10, 2026, Champion Iron Limited (TSX/ASX: CIA), an Australian corporation operating the Bloom Lake iron ore project in Quebec, completed its voluntary cash tender offer to acquire all of the shares of Rana Gruber ASA (RANA.OL), a leading Norwegian producer of high-purity iron ore, at a price of NOK 79 per share, representing in aggregate approximately US$300 million.

Combined company spans high-grade silver-gold assets in Alaska and British Columbia On March 26, 2026, Dolly Varden Silver Corporation (TSXV, NYSE-A) completed its merger of equals with Contango ORE, Inc. (NYSE-A) pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) (BCBCA).

i-80 Gold Corp. (TSX: IAU) (NYSE American: IAUX) has completed a financing package of up to US$500 million to advance its development and recapitalization plans. The financing package consists of (i) a US$250 million royalty sale to Franco-Nevada Corporation, in exchange for a life-of-mine net smelter return royalty, and (ii) a gold prepayment facility for up to US$250 million from National Bank of Canada and Macquarie Bank Limited.

On April 30, 2026, Lumina Metals Corp. (TSX: LMCU) completed its upsized, oversubscribed initial public offering and secondary offering of common shares, the largest Canadian mining IPO since 2021. The offering comprised a treasury offering by the company for gross proceeds of C$312,470,000 and a secondary offering of shares held by a selling securityholder for gross proceeds of C$93,742,500, in each case at a price of C$12.50 per share, for total gross proceeds of C$406,212,500.

Portfolio spans royalties across Peru, Australia, Ghana, and Canada plus receivables On February 18, 2026, OR Royalties Inc. (TSX; NYSE: OR) entered into a definitive agreement with affiliates of Gold Fields Limited to acquire a portfolio of precious metals royalties, together with certain receivables, over projects located in Peru, Australia, Ghana, and Canada, for total consideration of approximately US$167 million.

On April 10, 2026, OR Royalties Inc. (TSX; NYSE: OR) completed its acquisition of Terraco Gold Corp., a wholly owned subsidiary of Sailfish Royalty Corp. (TSXV: FISH), for cash consideration of US$168 million. The transaction, announced on February 24, 2026, was carried out through the purchase of all of the issued and outstanding shares of Terraco Gold. Terraco Gold, through its subsidiaries TGC Holdings Ltd.

Deal includes a US$100M Franco-Nevada gold stream as partial acquisition financing On March 25, 2026, Orezone Gold Corporation completed its acquisition of the Casa Berardi gold mine, located in Québec, from Hecla Mining Company for consideration of up to US$593 million, together with a related US$100 million gold stream on the mine from Franco-Nevada Corporation.

On July 21, 2026, Talamore Mining Corp. (formerly Fuerte Metals Corporation) closed a brokered private placement of 18,687,500 common shares at a price of C$8.00 per share for aggregate gross proceeds of C$149.5 million, inclusive of the full exercise of the agents’ option to increase the size of the offering.

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