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: Brazil
Operator: AVANCO RESOURCES LIMITED
Royalty: NSR: 0-1%

Franco-Nevada holds a sliding scale NSR royalty (1% at greater than $400 per ounce gold) on the CentroGold (Gurupi) project located in the State of Maranhão in northern Brazil. Jaguar Mining Inc. entered into an earn-in agreement with Avanco Resources Limited (“Avanco”) by which Avanco may earn up to a 100% interest in the project. Terms of this agreement were revised in September 2017 allowing for Avanco to accelerate its earn-in and thus empowering Avanco with the ability to move the asset into production in an expedited manner. Avanco completed the earn-in on October 31, 2017. The last feasibility study was prepared in January 2011, which anticipated an open-pit mine that would produce approximately 149,000 ounces of gold annually for a period of 13 years.