TSX:FNV 86.37 -0.27 -0.31%
Volume 303,633
March 24, 2017
NYSE:FNV 64.58 -0.37 -0.57%
Volume 524,925
March 24, 2017
Gold 1,246.90 -2.40 -0.19%
Volume 3
March 23, 2017
Contact Share

Location: Australia
Operator: Regis Resources Ltd.
Royalty: NSR: 2%

Franco-Nevada has a 2% NSR royalty that covers 2,678 km2 of the Duketon gold project in Western Australia. The project is operated by Regis Resources Ltd. (“Regis”) and includes three operating mines and eight other deposits at various stages of development. The royalty covers all known Mineral Reserves and Mineral Resources, except for a portion of the Erlistoun Deposit.

Moolart Well: This deposit has been in production since August 2010 and has a 2.8 million tonnes per annum plant. Regis reported calendar 2015 production of 78,781 ounces of gold and has forecasted fiscal 2016 (July 2015-June 2016) production of 75,000 ounces.

Garden Well: Garden Well has been in production since September 2012 and has a 5 million tonnes per annum plant. Regis reported calendar 2015 gold production of 113,368 ounces of gold and estimates fiscal 2016 production of 130,000 ounces.

Rosemont: Rosemont has been in production since October 2013 and has a 2 million tonnes per annum plant. Milled ore is piped 10 km in a slurry form for leaching at Garden Well. Regis reported calendar 2015 production of 100,132 ounces of gold from Rosemont and expects fiscal 2016 production of 85,000 ounces.

Erlistoun: Regis has announced that it was able to re-optimize the study at Erlistoun to reflect the shorter haulage distance to Garden Well which is 7 km away rather than trucking the ore to Moolart Well which is 45 km away. Regis has estimated that 89% of Erlistoun Mineral Reserves are covered by Franco-Nevada’s royalty.

Operations returned to a steady state in 2015 having recovered from the major flooding in early 2014. With an extensive land position, Regis continues to explore and is active in the vicinity of all three operations. Notable exploration results were reported at Baneygo, Tooheys Well, Coopers and Idaho.

2015 2014 2013
Total Revenue to FNV ($ million) $ 6.7 $ 7.1 $ 7.9