South32 to sell minerals royalties
South32 Ltd. said it will sell a package of minerals royalties to Elemental Royalties Corp in exchange for $US40 million in cash and $US15 million in Elemental shares.
The agreement includes three gold royalties and one related non-gold royalty and will result in South32 taking a roughly 20 per cent share in Elemental, South32 said.
“The sale of these royalties is another step forward in unlocking value in our portfolio, at a time when there is strong appetite for exposure to standalone royalty investments,” chief executive Graham Kerr said.
Dow Jones Newswires
Morning News
Add S32 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.67 |
Change
-0.100(2.65%) |
Mkt cap ! $16.59B | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.74 | $3.67 | $56.62M | 15.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43726 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.68 | 4200 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| S32 (ASX) Chart |