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Streaming and Royalty Models in Precious Metals

Streaming and royalty firms finance miners to buy future ounces at discounted fixed prices, offering capital-light, cash-flow-driven exposure to precious metals.

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Jan 20, 2026

How do precious‑metal streaming and refining business models differ, and which public stocks provide exposure to each?

Streaming and royalty firms finance miners to buy future ounces at discounted fixed prices, offering capital-light, cash-flow‑driven exposure to precious metals; refiners are industrial processors tha...