LOCATION: BRITISH COLUMBIA
OPERATOR: PRETIUM RESOURCES INC.
ROYALTY: NSR: 1.2%
In May 2013, Franco-Nevada purchased an existing 1.2% NSR royalty covering Pretium Resources Inc.’s (“Pretium”) Brucejack gold project in northwestern British Columbia. The project includes two principal deposits, the Valley of the Kings and the West Zone, both of which continue to offer exploration potential. The NSR becomes payable after 500,000 ounces of gold have been produced.
The June 2014 Feasibility Study envisions a mine producing approximately 400,000 ounces of gold annually over an 18 year mine life. Total gold produced over the life of mine is estimated to be 7.27 million ounces. A positive construction decision for the project was announced in 2015 in conjunction with a $540 million construction financing package and the receipt of all major regulatory permits required to begin development work. Pretium anticipates commercial production in 2017 for the Brucejack project and the project is now fully financed.
|Total Revenue to FNV ($ million)