Contact Share


Taca Taca (Cu, Au, Mo)

Location: Argentina, Latin America
Operator: First Quantum Minerals Ltd.
Royalty: NSR: 1.08%

Franco-Nevada has a 1.08% NSR royalty on all copper, gold and molybdenum produced from Taca Taca which was acquired through the acquisition of Lumina Royalty Corp. in December 2011. The property is located in the Puna region of northwestern Argentina in Salta Province, 230 km west of the provincial capital of Salta and 90 km east of the world’s largest copper mine, Escondida. The royalty is subject to a buy-back provision.

Taca Taca is a very large copper/gold/molybdenum porphyry system with a preliminary economic assessment completed by Lumina Copper Corp. (“Lumina Copper”) in April 2013. The study estimated a potential mine life of 28 years with annual throughput of 120,000 tonnes per day and expansion potential to 180,000 tonnes per day after seven years.

In August 2014, First Quantum acquired Lumina Copper. According to First Quantum, a detailed environmental and social baseline study is at an advanced stage of preparation, and communication with communities and relevant authorities is ongoing. Water supply studies are progressing well, including a field program which commenced in September 2018 to develop boreholes for pump testing sustainable groundwater resources in the area. First Quantum estimates that formal environmental and social impact assessments will be filed with the authorities in 2019.


  • Project acquired by First Quantum in 2014
  • Large undeveloped Mineral Resource

2018 2017 2016
Revenue to Franco-Nevada ($ million) $ - $ - $ -