Operator: Pan American Silver Corp.
Royalty: NSR: 2.5%
Franco-Nevada acquired a 2.5% NSR on the Calcatreu property in Argentina as part of its IPO. The property is an advanced exploration-stage, epithermal gold-silver deposit located in the Province of Rio Negro. Pan American Silver Corp. acquired the property in 2010 through the acquisition of Aquiline Resources Inc. The project is currently on care and maintenance.