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Taca Taca (Cu, Au, Mo)

Candida Hayden TacaTaca

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, project pre-development and feasibility activities are continuing. Confirmatory work for project water supply is ongoing with additional drilling and testing being conducted. The primary Environmental and Social Impact Assessment for the project, which covers the principal proposed project sites, was submitted to the Secretariat of Mining of Salta Province in February 2019.


  • Environmental and Social Impact Assessment submitted in February 2019
  • Large Mineral Resource with potential for a long life mine

2019 2018 2017
Revenue to Franco-Nevada ($ million) $ - $ - $ -
Taca Taca