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: Dominican Republic
Operator: American Nickel Limited
Royalty: 4.1% Dividend

Franco-Nevada has a 4.1% equity interest in Falconbridge Dominicana, C. por A. (“Falcondo”) that is economically similar to a profit royalty except that payments are received through discretionary dividend distributions. Falcondo is a ferronickel surface mining operation with production capacity of 29,000 tonnes of contained nickel per annum located in the Dominican Republic with operations dating back to 1971. Falcondo is typically a swing producer and announced in October 2013 that it will temporarily shut down due to continued depressed nickel prices. Glencore sold its 85.26% ownership in the operation to American Nickel Limited in 2015.