TSX:FNV 86.27 -1.24 -1.42%
Volume 656,029
February 24, 2017
NYSE:FNV 65.89 +0.00 +0%
Volume 557,900
February 24, 2017
Gold 1,255.14 -1.94 -0.15%
Volume
February 27, 2017
Contact Share

Location: British Columbia
Operator: Taseko Mines Limited
Stream: 22% Gold Stream

Franco-Nevada has the right to acquire a 22% gold stream on the Prosperity (now New Prosperity) copper-gold project in British Columbia, 100% owned by Taseko Mines Limited (“Taseko”). Franco-Nevada committed to provide a $350 million deposit and warrant consideration for the construction of New Prosperity when the project was fully permitted and financed. On February 27, 2014 the Government of Canada announced that it will not issue the federal authorizations necessary for New Prosperity to proceed. Franco-Nevada’s financing commitment remains available to Taseko, but can be terminated at the option of Franco-Nevada.