ERO Copper will receive an additional $50 million in upfront proceeds from Royal Gold under the terms of the agreement. Including this, Royal Gold provided $160 million under the Xavantina streaming agreements from 2021. As part of the streaming agreement, Royal Gold will continue to purchase 25% of gold production, with payments tied to the prevailing spot gold price. Under the initial stage of the agreement, Royal Gold already received 45,177 ounces of gold as of Dec. 31, 2024. ERO will provide 25% of gold production to Royal Gold until 160,000 ounces have been delivered. Once this milestone is reached, RGLD will receive 10% of gold production for the remaining life of the mine. This deal will provide Royal Gold with an additional 40,200 ounces of gold deliveries from the Xavantina operations commencing in 2028.