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CentroGold (Gurupi) (Au)

Location: Brazil, Latin America
Operator: Oz Minerals 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. Oz Minerals Limited (“Oz Minerals”) acquired the previous operator, Avanco Resources Limited (“Avanco”), in 2018. Avanco completed a 100% earn-in agreement on the project with Jaguar Mining Inc. in October 2017. Avanco released a scoping study for the project in April 2018 which envisioned an 11 year mine life producing ~130,000 ounces per year. There is currently a mining license injunction for the property but Oz Minerals is continuing with a community engagement program as well as conducting additional drilling.