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Volume 488,722
April 26, 2017
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April 26, 2017
Gold 1,265.60 -10.20 -0.8%
Volume 605
April 25, 2017
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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”). A&S exercised its option and now has the option to acquire 100% of the San Jorge property.