Operator: Pan American Silver Corp.
Royalty: NSR: 2.5%
Franco-Nevada has a 2.5% NSR on the Calcatreu property in Argentina. Calcatreu 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.