TSX:FNV 91.48 -0.27 -0.29%
Volume 441,599
January 18, 2019
NYSE:FNV 68.90 -0.22 -0.32%
Volume 646,283
January 18, 2019
Gold 1,281.71 -10.78 -0.83%
Volume
January 18, 2019
Contact Share

Location: Mexico
Operator: New Gold Inc.
Royalty: GR: 1.95%

Franco-Nevada has a 1.95% GR that covers most of the Cerro San Pedro project operated by New Gold Inc. (“New Gold”). Cerro San Pedro is located in the San Luis Potosi mining district of central Mexico. The project is a gold-silver, open-pit, run-of-mine heap leach operation. Cerro San Pedro finished active mining late in the second quarter of 2016 and has now transitioned into residual leaching. Cerro San Pedro produced 34,337 ounces of gold in 2017 versus 64,993 ounces of gold in 2016. Production is expected to decrease further to 20,000-30,000 ounces of gold in 2018.