TSX:FNV 82.53 -0.90 -1.08%
Volume 967,041
September 21, 2018
NYSE:FNV 63.95 -0.66 -1.02%
Volume 1,891,366
September 21, 2018
Gold 1,200.30 -8.03 -0.66%
Volume
September 21, 2018
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LOCATION: BRITISH COLUMBIA
OPERATOR: IDM MINING LTD.
ROYALTY: NSR: 1% / PRODUCTION PAYMENT

In April 2014, IDM Mining Ltd. (“IDM Mining”) (then Revolution Resources Corp.) entered into an option agreement with Seabridge Gold Inc. to acquire a 100% interest in the Red Mountain Gold Project located near Stewart, B.C. Franco-Nevada has a 1% NSR as well as a $10/oz production payment on gold produced in excess of 1.85 million ounces. Franco-Nevada acquired the royalty as part of the Barrick royalty portfolio in November 2013. IDM Mining released a feasibility study in June 2017 that estimated an initial mine life of six years producing an average of 78,000 gold ounces per year. IDM Mining has begun the permitting process with the Provincial and Federal agencies and continues to advance the project.