TSX:FNV 101.61 +0.49 +0.48%
Volume 421,412
February 19, 2019
NYSE:FNV 76.94 +0.52 +0.68%
Volume 841,314
February 19, 2019
Gold 1,344.54 +2.24 +0.17%
Volume
February 20, 2019
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.