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Mantos Blancos (Ag)

Stream and terms:
  • 100% stream on silver production; reducing to 40% after 19.3M oz

Transfer payments based on 8% of the prevailing spot silver price
50% buy-down option exercisable in 2021, or 2022 for US$70M

Operator: Mantos Copper (private company owned by Orion)
Visit Mantos Copper for more info
Primary Commodity: Copper
Location: Antofagasta, Chile
Reserves and Resources: Mantos Copper does not report silver resources or reserves.
Production: Total mine:

Life-of-mine deliveries of refined silver to Osisko under the amended Silver Purchase Agreement (09-2019) are expected to total over 13.9 million ounces, with annual deliveries during the first five years following commissioning of the Expansion expected to average approximately 1.2 million ounces of refined silver per year.

Well-established operating copper mine in top jurisdiction

  • Ex-Anglo American management team with strong understanding of the mine and highly incentivized
  • Significant cost reductions and more de-bottlenecking in progress
  • Drilling underway to add resources
  • Limited historical regional exploration