TSX:FNV 90.77 +0.06 +0.07%
Volume 446,787
April 20, 2018
NYSE:FNV 71.21 -0.38 -0.53%
Volume 566,791
April 20, 2018
Gold 1,335.88 -10.47 -0.78%
April 20, 2018
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ROYALTY: NSR: 1.5-2%

Franco-Nevada has a 2% NSR on the Eagle deposit which is being advanced by Victoria Gold Corp. (“Victoria”). The royalty is subject to an annual minimum royalty payment of $20,000. Once in production, the NSR reduces to a 1% NSR once $1,000,000 is paid towards the royalty and does not include credit for the minimum payments received. The Eagle deposit is part of the larger Dublin Gulch claim block and is located in central Yukon. In addition, Franco-Nevada has a 1.5% royalty on the Lynx properties (part of the Dublin Gulch claim) which is subject to a $15,000 annual advance royalty payment and is capped at $1,500,000. Victoria released an updated feasibility study for the Eagle Gold project in September 2016. The study envisions average yearly production of 190,000 ounces over a 10 year mine life. The Eagle Gold project is fully permitted with a relatively low initial capital cost estimate of $289 million. Victoria recently engaged advisors to arrange up to $220 million of senior, secured project debt to help advance the project.