TSX:FNV 86.27 +0.00 +0%
Volume 656,000
February 24, 2017
NYSE:FNV 65.89 +0.00 +0%
Volume 557,900
February 24, 2017
Gold 1,254.79 -2.29 -0.18%
February 27, 2017
Contact Share

Location: Tasmania
Operator: Unity Mining Limited
Royalty: GR: 1%

Franco-Nevada holds a 1% gross royalty on the Henty Gold Mine located in northwest Tasmania operated by Unity Mining Limited (“Unity”). All current production as well as all Mineral Reserves and Mineral Resources are on property subject to Franco-Nevada’s royalties which cover 160 km2. Effective September 30, 2015, Franco-Nevada and Unity agreed to consolidate Franco-Nevada’s various royalties at Henty into a single 1% gross royalty over the entire 160 km2 project area. Prior to this date Franco-Nevada held 1%-10% gross royalties and A$10-40 per ounce production payments over a 15 km2 area. Henty is an underground gold mine that has historically produced approximately 1.3 million ounces. In July 2014, Unity announced that Henty will transition to care and maintenance, and this occurred in December 2015.