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Agnew (Vivien) (Au)

Location: Australia
Operator: Ramelius Resources Limited
Royalty: GR: 3.0%

The Vivien gold mine is located in the Agnew-Leinster region of Western Australia. Franco-Nevada’s royalty interest covers 1.5 km2. Vivien was operated as a small open- pit during 1997 and 1998. Ramelius Resources Limited (“Ramelius”) acquired the project in 2013 and commenced redevelopment of Vivien as an underground gold mine in Q2 2015. First gold pour was in Q1 2016. The 3% gross royalty applies to production once 25,000 ounces was produced. This threshold was passed in November 2016. Vivien ore is trucked 300 km to Ramelius’ 1.7 Mt per annum Checkers mill at Mt Magnet. Ramelius reported 2019 production from Vivien of 42,326 ounces of gold. Franco-Nevada received $2.0 million of royalty revenue from Vivien in 2019.