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Franco-Nevada

Goldfields (Au)

LOCATION: Saskatchewan, Canada
OPERATOR: Fortune Bay Corp.
ROYALTY: NSR: 2%

The Goldfields project currently consists of two gold deposits: the Box deposit, which is at the feasibility stage, and the Athona deposit, which has a completed preliminary feasibility study. Franco-Nevada has a 2% NSR royalty that covers both deposits. Brigus Gold Corp., which was advancing the project, was acquired by Primero Mining Corp. in 2014. The Goldfields project was not part of the acquisition and was spun out into a company called Fortune Bay Corp. Limited activity has transpired on either the Box or Athona deposit since 2014. The March 2014 prefeasibility report included Mineral Reserves of 1.02 million ounces of gold (22.3 million tonnes grading 1.42 g/t).