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
Contact Share

LOCATION: MANITOBA
OPERATOR: YAMANA GOLD INC.
ROYALTY: NSR: 2-3%

In June 2015, Yamana acquired Mega Precious Metals Inc. and the Monument Bay property, which is located in Manitoba, approximately 570 km northeast of Winnipeg. Monument Bay consists of 136 contiguous claims and hosts a Measured and Indicated Mineral Resource base of 1.787 million ounces of gold in 36.6 Mt @ 1.52 g/t. Franco-Nevada holds a 2% NSR royalty on the first 1.0 million ounces produced and a 3% NSR on any additional production. The property had a budget of $2.2 million in 2017 supporting exploration initiatives and technical studies.