This is a particularly important tool for managing risk because it reduces their dependence on a single asset. Franco Nevada has 212 streaming and royalty agreements spanning four continents and an array of jurisdictions with projects in variety of different stages of development. Meanwhile Barrick, the world's second-largest gold miner has only 11 gold mines with five of those responsible for 70% of its production. This makes its gold production and revenues susceptible to outages caused by operational, regulatory or jurisdictional problems. So what? It is easy to see why precious metal streamers are superior investors to gold miners because they are significantly lower-risk investments that still offer the same leveraged exposure to gold and silver. This along with higher gold and silver prices makes them an attractive addition to any portfolio.