Perama Hill (Au)

Location: Greece, Rest of World
Operator: Eldorado Gold Corporation
Royalty: NSR: 2%

Franco-Nevada has a 2% NSR on the Perama Hill project currently held by Eldorado Gold Corporation (“Eldorado”). The Perama Hill gold project is located in the Thrace region of northeastern Greece and consists of two mining titles covering an area of 19 km2 and two mining exploration licenses covering an area of 18 km2. Eldorado has been challenged in getting the needed approvals to advance its activities in Greece and permitting activities continue. Perama Hill has an estimated Mineral Reserve of 1,250,000 ounces (12.5 million tonnes grading 3.11 g/t), an increase from 975,000 ounces as at December 31, 2019, based on a revised and expanded open-pit design which will allow more of the known orebody to be mined.