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Franco-Nevada acquires an additional precious metals stream on Cobre Panama from KORES for US$178 million
Franco-Nevada acquires an additional precious metals stream on Cobre Panama from KORES for...
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[{"type":"text","content":"\n\n\n\nFranco-Nevada acquires an additional precious metals stream on Cobre Panama from KORES for US$178 million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen6{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Jan. 22, 2018\n\n\n\nTORONTO, Jan. 22, 2018 /CNW/ - Franco-Nevada is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation (\"FNB\"), has agreed to acquire a precious metals stream on Korea Resources Corp.'s (\"KORES\") 10% indirect interest in the Cobre Panama project (\"Cobre Panama\") for US$178 million.  The terms are the same as the US$178 million precious metals stream announced in September in connection with First Quantum Minerals Ltd.'s (\"First Quantum\") acquisition of a separate 10% interest from LS-Nikko Copper Inc.  FNB, First Quantum and KORES have entered into a definitive purchase and sale agreement and closing is expected at the end of January.  The closing is subject to customary closing conditions.&#x...