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San Jorge (Au)

Location: Argentina, Latin America
Operator: Aterra Investing Ltd. and Solway industries Ltd
Royalty: NSR: 7.5% / advanced payments

Franco-Nevada acquired the royalty on the San Jorge property through its acquisition of Lumina Royalty Corp. in December 2011. San Jorge is an advanced-stage copper-gold porphyry project located in the Province of Mendoza, Argentina. Under the revised terms of the royalty agreement, Franco-Nevada receives annual payments of $1.25 million per year for 10 years commencing March 31, 2012 with a subsequent 7.5% NSR on all gold produced from the property. In April 2015, Coro Mining Corp. finalized an amended agreement with Aterra Investments Ltd. and Solway Industries Ltd. (“A&S”). A&S exercised their option and now have acquired 100% of the San Jorge property. In 2019, A&S notified Franco-Nevada that they had placed the project on care and maintenance.