OPERATOR: PREMIER GOLD MINES LIMITED / CENTERRA GOLD INC.
ROYALTY: NSR: 3%
Franco-Nevada acquired a 3% NSR on Hardrock as part of its acquisition of a portfolio of approximately 20 royalties from Barrick in November 2013. The Hardrock property is being advanced by Greenstone Gold Mines L.P. (“Greenstone”), a 50/50 partnership between Premier and Centerra Gold Inc. 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.
Greenstone released a feasibility study in November 2016. The study envisions an open pit mine producing 4.2 million ounces of gold over a 14.5 year mine life. Production is expected to average approximately 300,000 ounces per year during full production and excludes processing of low-grade stockpiles. The economic study only includes the Hardrock open pit Mineral Resource and does not include any potential from the large underground Mineral Resource on the property.
|Total Revenue to FNV ($ million)