TSX:FNV 87.37 -0.11 -0.13%
Volume 221,756
August 21, 2018
NYSE:FNV 67.06 +0.00 +0%
Volume 191,156
August 21, 2018
Gold 1,193.93 +1.30 +0.11%
Volume
August 21, 2018
Contact Share

LOCATION: YUKON
OPERATOR: VICTORIA GOLD CORP.
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. In March 2018, Victoria entered into a financing package for C$505 million that will fully fund the development of the Eagle Gold project through commercial production. Victoria estimates first gold pour in the second half of 2019.