Transaction|March 16, 2020
Sprott closes gold and silver stream with Cerrado Gold
Torys acted as counsel to Sprott with a team that included Michael Pickersgill, Braden Jebson and Claire Chapman (corporate/mining).
On March 16, 2020, Sprott Resource Streaming and Royalty Fund ("Sprott") closed a US$15 million gold and silver streaming transaction with Cerrado Gold Inc. ("Cerrado Gold") with reference to gold and silver produced from the Don Nicolas mine in the Province of Santa Cruz, Argentina. The stream deposit was used in the financing of Cerrado's acquisition of the Don Nicolas mine.
Cerrado Gold—owner of Minera Don Nicolas located in Santa Cruz, Argentina and the Monte do Carmo gold project in Tocantins State, Brazil—is an emerging gold mining and development company building projects in South America.
Sprott Resource Streaming and Royalty provides specialized forms of capital to the mining sector on behalf of institutional investors.