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Why long-term silver streaming deal is important for Hindustan Zinc
Synopsis
A higher cash flow may also raise the dividend payout to service the group’s debt obligations. Historically, Vedanta Group has been relying on Hindustan Zinc in this regard.
A possibility of value unlocking of Vedanta’s zinc subsidiary augurs well for the company. According to the latest annual report by its parent Vedanta Resources UK, the mining conglomerate has been exploring long-term supply or streaming of silver from its Indian mines.In late September, Royal Gold, a US-based precious metals streaming and royalty company, inadvertently made it public that it was in negotiations with Sandstorm Gold (another US
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