TSX:FNV 92.46 -1.17 -1.25%
Volume 523,312
February 16, 2018
NYSE:FNV 73.67 -1.32 -1.76%
Volume 659,834
February 16, 2018
Gold 1,348.14 -5.01 -0.37%
Volume
February 19, 2018
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.