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
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Location: Australia
Operator: Saracen Mineral Holdings Limited
Royalty: NSR: 1.75%

Red October is located in the Laverton region of Western Australia which was in production as an open-pit until 2001. Saracen Mineral Holdings Limited (“Saracen”), the current operator, commenced underground mining in 2012. Franco-Nevada’s royalty interest covers 29 km2 surrounding the Red October deposit. Saracen reported Red October production of 21,000 ounces of gold for 2016. There was a production hiatus at Red October during the September quarter while exploration drilling was conducted from the base of the mine. Production re-commenced at Red October during the December quarter. Saracen has forecast lower production from Red October in 2017 and 2018 as activities have shifted to their Deep South Mine.