TSX:FNV 86.27 -1.24 -1.42%
Volume 656,029
February 24, 2017
NYSE:FNV 65.89 -0.85 -1.27%
Volume 557,853
February 24, 2017
Gold 1,257.08 +7.54 +0.6%
Volume
February 24, 2017
Contact Share

Location: Argentina
Operator: First Quantum Minerals Ltd.
Royalty: NSR: 1.08%

Franco-Nevada has a 1.08% NSR royalty on all copper, gold and molybdenum produced from Taca Taca which was acquired through the acquisition of Lumina Royalty Corp. in December 2011. The property is located in the Puna region of northwestern Argentina in Salta Province, 230 km west of the provincial capital of Salta and 90 km east of the world’s largest copper mine, Escondida.

Taca Taca is a very large copper/gold/molybdenum porphyry system with a preliminary economic assessment completed by Lumina Copper Corp. (“Lumina Copper”) in April 2013. The study estimated a potential mine life of 28 years with annual throughput of 120,000 tonnes per day and expansion potential to 180,000 tonnes per day after seven years.

In August 2014, First Quantum acquired all outstanding shares of Lumina Copper. Since its acquisition, First Quantum has focused on detailed review of geology, exploration and development options for the project. This has largely been completed and the terms of reference for the Environmental Impact Assessment for construction permitting were addressed and the consultant was selected. The study started in the third quarter of 2015.


2015 2014 2013
Total Revenue to FNV ($ million) $ - $ - $ -