TSX:FNV 98.82 +1.64 +1.69%
Volume 729,065
December 13, 2017
NYSE:FNV 77.09 +1.55 +2.05%
Volume 1,120,711
December 13, 2017
Gold 1,254.94 -1.53 -0.12%
Volume
December 13, 2017
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LOCATION: ONTARIO
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.


2016 2015 2014
Total Revenue to FNV ($ million) $ – $ – $ –