TSX:FNV 99.79 -0.01 -0.01%
Volume 496,005
August 16, 2017
NYSE:FNV 79.02 +0.72 +0.92%
Volume 813,176
August 16, 2017
Gold 1,273.70 -10.50 -0.82%
Volume 338
August 15, 2017
Contact Share

Location: Australia
Operator: Aphrodite Gold Limited
Royalty: GR: 2.5%

Aphrodite Gold Limited (“Aphrodite”) remains focused on its namesake Aphrodite Gold project, located in Western Australia, 65 km northwest of Kalgoorlie. Franco-Nevada’s 2.5% gross royalty covers a 29 km2 area and all Mineral Resources. The royalty area was reduced from previous years following the termination of a joint venture agreement on surrounding areas in November 2014. A revised scoping study was completed in April 2016 which included a small oxide open pit, to complement the refractory underground ore in the original 2012 scoping study. Pre-feasibility study work, which had been halted during 2014 due to low gold prices, resumed in 2016. An advance minimum royalty of A$250,000 per annum applies from November 1, 2017 onward.