TSX:FNV 86.37 -0.27 -0.31%
Volume 303,633
March 24, 2017
NYSE:FNV 64.58 -0.37 -0.57%
Volume 524,925
March 24, 2017
Gold 1,246.90 -2.40 -0.19%
Volume 3
March 23, 2017
Contact Share

LOCATION: ONTARIO
OPERATOR: PREMIER GOLD MINES LIMITED / CENTERRA GOLD INC.
ROYALTY: SR: 3%

As part of its acquisition of a portfolio of approximately 20 royalties from Barrick in November 2013, Franco-Nevada has a 3% NSR on production from the Hardrock property that is being advanced by Greenstone Gold Mines L.P. (“Greenstone”), a 50/50 partnership between Premier and Centerra Gold Inc (“Centerra”). The Hardrock property is part of the larger Trans-Canada project with Hardrock representing the core project. The district has historic production of 4 million ounces of gold and is host to multiple gold deposits.

As part of the Greenstone partnership, Centerra paid C$96 million and agreed to make capital contributions to the partnership in the aggregate amount of C$185 million to complete a comprehensive technical and economic Feasibility Study (including an updated Mineral Resource estimate) for the Hardrock Project. A Feasibility Study is expected to be completed in mid-2016 and the partnership continues to advance permitting for approvals to construct a mine at Hardrock.


2015 2014 2013
Total Revenue to FNV ($ million) $ – $ – $ –