TSX:FNV 98.28 -1.73 -1.73%
Volume 428,243
December 11, 2017
NYSE:FNV 76.45 -1.42 -1.82%
Volume 798,355
December 11, 2017
Gold 1,243.04 -6.06 -0.49%
December 11, 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. American Nickel has since partially restarted operations.