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Franco-Nevada Announces the Acquisition of a 1.8% NSR on Newmont's Yanacocha Operations
Franco-Nevada Announces the Acquisition of a 1.8% NSR on Newmont's Yanacocha Operations ...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n Franco-Nevada Announces the Acquisition of a 1.8% NSR on Newmont's Yanacocha Operations\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n (in U.S. dollars unless otherwise noted)\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 13, 2024\n \n\n /CNW/ - Franco-Nevada Corporation (\"\n \n Franco-\n \n Nevada\n \n\n \" or the \"\n \n Company\n \n \") (TSX: FNV) (NYSE: FNV) is pleased to announce that its wholly-owned subsidiary has acquired from Compañía de Minas Buenaventura S.A.A. (\"\n \n Buenaventura\n \n \") and its subsidiary, an existing 1.8% net smelter return royalty on all minerals (the \"\n \n Royalty\n \n \") covering Newmont Corporation's (\"\n \n Newmont\n \n \") Yanacocha mine and adjacent mineral properties located in\n \n Peru\n \n . Consideration for the Royalty consists of\n \n $210 million\n \n paid in cash on closing, plus a contingent payment of\n \n $15 million\n \n in Franco-Nevada common shares, payable upon achievement of certain conditions as described below.\n \n\n \"We are pleased to partner with Buenaventura to acquire this existing Royalty which adds immediately cash flowing gold production and growth from a leading gold operator,\" said\n \n Paul Brink\n \n , President & CEO of Franco-Nevada. \"Yanacocha has been one of the largest gold mines globally and the district covered by the Royalty remains highly prospective with over 47 Moz AuEq\n \n (1)\n \n in total reserves and resources. The Royalty covers current oxide production, the planned sulfide project and high-quality growth projects, including Conga, which together have the potential to add decades of contributions to Franco-Nevada.\"\n \n\n\n Transaction Overview:\n \n\n\n\n\n Immediately Cash Flowing:\n \n Yanacocha is currently produ...