New Prosperity (Au)

LOCATION: British Columbia, Canada
OPERATOR: Taseko Mines Limited
ROYALTY: 22% Gold Stream

Franco-Nevada has the right to acquire a 22% gold stream on the Prosperity (now New Prosperity) copper-gold project in British Columbia, 100% owned by Taseko Mines Limited (“Taseko”). Franco-Nevada committed to provide a $350 million deposit and warrant consideration for the construction of New Prosperity when the project was fully permitted and financed. In February 2014, the Government of Canada announced that it would not issue the federal authorizations necessary for New Prosperity to proceed and in May 2020, the Supreme Court of Canada dismissed an appeal by Taseko. Franco-Nevada’s financing commitment remains available to Taseko, but can be terminated at the option of Franco-Nevada.