TSX:FNV 91.48 -0.27 -0.29%
Volume 441,599
January 18, 2019
NYSE:FNV 68.90 -0.22 -0.32%
Volume 646,283
January 18, 2019
Gold 1,281.71 -10.78 -0.83%
January 18, 2019
Contact Share

Location: Argentina
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. Since its acquisition, First Quantum has focused on a detailed review of geology, exploration and development options for the project. The Environmental Impact Assessment continued as planned in 2017 and the collection of baseline data for fauna, flora and other environmental attributes was completed. A scoping study for the electricity supply and transmission line was completed by a local contractor and the results are due to be incorporated into the Environmental Impact Assessment. Communication with communities and relevant authorities and a detailed social baseline study are on-going.


  • Project acquired by First Quantum in 2014
  • Very large undeveloped Mineral Resource

2017 2016 2015
Revenue to Franco-Nevada ($ million) $ - $ - $ -