TSX:FNV 87.46 -0.02 -0.02%
Volume 202,231
August 21, 2018
NYSE:FNV 67.19 +0.13 +0.19%
Volume 186,019
August 21, 2018
Gold 1,194.32 +1.69 +0.14%
August 21, 2018
Contact Share

Location: Dominican Republic
Operator: Americano Nickel Limited
Royalty: 4.1% Dividend

Franco-Nevada has a 4.1% equity interest in Falconbridge Dominicana, C. por A. (“Falcondo”) that is economically similar to a profit royalty except that payments are received through discretionary dividend distributions. Falcondo is a ferronickel surface mining operation with production capacity of 29,000 tonnes of contained nickel per annum located in the Dominican Republic with operations dating back to 1971. Falcondo is typically a swing producer and is usually put on care and maintenance when nickel prices are depressed which happened in October 2013. In 2015, Glencore sold its 85.26% ownership in the operation to Americano Nickel Limited, a private equity company. Americano Nickel Limited has since restarted operations to 50% of capacity.