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 and the Athona deposit. 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. (“Fortune Bay”). In March 2021, Fortune Bay released the results of a new Mineral Resource update for the Box and Athona deposits which outlined an Indicated Mineral Resource of 975,000 ounces of gold (22.6 million tonnes grading 1.34 g/t) and an Inferred Mineral Resource of 176,000 ounces of gold (22.6 million tonnes grading 1.34 g/t). In 2021, a step-out drill program to expand the known Mineral Resources at the Box and Athona deposits is being conducted.