TSX:FNV 98.82 +1.64 +1.69%
Volume 729,065
December 13, 2017
NYSE:FNV 77.09 +1.55 +2.05%
Volume 1,120,711
December 13, 2017
Gold 1,254.94 -1.53 -0.12%
Volume
December 13, 2017
Contact Share

LOCATION:Nevada
OPERATOR: Newmont Mining Corporation
ROYALTY: NSR: 7.29%

The Gold Quarry operation is part of Newmont Mining Corporation’s (“Newmont”) Carlin operations in north-central Nevada. It is a large open-pit mine that has been in production since 1985 supplying ore as part of an integrated mining and processing complex with different mines supplying variable ore types and grades to a variety of processing facilities situated throughout the complex. Newmont has significant milling and roasting processing infrastructure immediately east of the Gold Quarry pit. Newmont currently reports Mineral Reserves and production numbers by area and does not publicly quote separate Gold Quarry numbers.

Franco-Nevada’s royalty interest covers only a portion of the Gold Quarry property as shown in the schematic. The Gold Quarry royalty is a 7.29% NSR based on production or on different annual minimum royalty payment obligations tied to Mineral Reserves and stockpiles attributed to the Gold Quarry royalty property. In 2016, Franco-Nevada received 11,250 ounces based on the minimum royalty provisions and expects similar figures in 2017.


2016 2015 2014
Total Revenue to FNV ($ million) $ 14.0 $ 13.1 $ 14.3