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: Côte D’Ivoire
Operator: Endeavour Mining Corporation
Royalty: NSR: 1-1.5% (approximately)

The Ity gold mine, located in western Côte d’Ivoire, is operated by Endeavour Mining which acquired La Mancha Resources Inc. in November 2015. Endeavour Mining holds a 55% interest in the operation while the remainder is held 30% by Sodemi (the State Mining and Exploration Agency), 10% by the Government of Côte d’Ivoire, and 5% by a private investor. Franco-Nevada has a sliding scale royalty which increased to an approximate 1.5% NSR once cumulative production from 2001 onwards exceeded 21 tonnes of gold (reached at beginning of 2015). The royalty ceases once production reaches 35 tonnes of gold. Ity produced 80,807 ounces of gold during 2015 with forecast production in 2016 of 65,000-75,000 ounces.