TSX:FNV 86.37 -0.27 -0.31%
Volume 303,633
March 24, 2017
NYSE:FNV 64.58 -0.37 -0.57%
Volume 524,925
March 24, 2017
Gold 1,246.90 -2.40 -0.19%
Volume 3
March 23, 2017
Contact Share

Location: Argentina
Operator: Aterra Investing Ltd. and Solway industries Ltd
Royalty: NSR: 7.5% / advanced payments

Franco-Nevada acquired the royalty on the San Jorge property through its acquisition of Lumina Royalty Corp. in December 2011. San Jorge is an advanced stage copper-gold porphyry project located in the Province of Mendoza, Argentina. Under the revised terms of the royalty agreement, Franco-Nevada receives annual payments of $1.25 million per year for 10 years commencing March 31, 2012 with a subsequent 7.5% NSR on all gold produced from the property. In April 2015, Coro Mining Corp. finalized an amended agreement with Aterra Investing Ltd. and Solway industries Ltd (“A&S”). By making an advanced payment of $1.3 million under this amended agreement to Coro Mining Corp., A&S have the right to acquire a 100% interest and are exercising control over the San Jorge property.