Franco-Nevada Update on the Suspension of Ore Processing at Cobre Panama

About this update from Franco-nevada Corporation

[{"type":"text","content":"\n \n \n \n Franco-Nevada Update on the Suspension of Ore Processing at Cobre Panama\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 23, 2023\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) has been advised by its partner First Quantum Minerals Ltd. (\"\n \n First Quantum\n \n \") that First Quantum's subsidiary, Minera Panama, S.A. (\"\n \n MPSA\n \n \"), has suspended ore processing operations at the Cobre Panama mine.  As previously announced, the Panama Maritime Authority (\"\n \n AMP\n \n \") issued a resolution on\n \n January 26, 2023\n \n requiring the suspension of concentrate loading operations at the Cobre Panama Port, Punta Rincón, until certification of the calibration of the scales by an accredited company had been initiated.  Key updates as reported by First Quantum include:\n \n \n \n MPSA believes it has complied with all requirements of the AMP resolution but copper concentrate loading operations are still not being permitted by the AMP\n \n \n MPSA will begin a partial demobilization of its workforce and will take a systematic approach to reducing operations to ensure the safety of its workforce, prevent damage and degradation of equipment and preserve the integrity of the mine\n \n \n If the AMP is to permit the recommencement of concentrate loading operations, MPSA could begin shipping concentrate and resuming operations at the mine within hours\n \n \n Negotiations with the Government of\n \n Panama\n \n on a refreshed contract are continuing and First Quantum remains committed to achieving an outcome that will be to the benefit of all stakeholders and support the long-term operations of the Cobre Panama mine.\n \n \n \n Please refer to First Quantum's press release dated\n \n February 23, 2023\n \n for further details.\n \n \n \n Impact on Franco-Nevada\n \n \n \n Franco-\n \n Nevada\n \n (\n \n Barbados\n \n ) Corporation, a subsidiary of Franco-Nevada, holds two...

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