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Agi Dagi (Au)

Location: Turkey
Operator: Alamos Gold Inc.
Royalty: NSR: 2%

Franco-Nevada has a 2% NSR on the Agi Dagi property owned by Alamos Gold Inc. (“Alamos”) and located in northwest Turkey. The NSR covers the Agi Dagi deposit as well as most of the Çamyurt deposit but does not cover the Kirazli project. Alamos released a feasibility study conducted on its Agi Dagi project and a preliminary economic assessment on its Çamyurt project in February 2017. The Agi Dagi study envisioned average annual production of 177,600 ounces of gold over 5 years while the Çamyurt study estimated average annual production of 93,200 ounces of gold and 403,000 ounces of silver over 4 years. Alamos has stated its intention to develop Agi Dagi sequentially after the Kirazli project. On March 1, 2019, Alamos received its operating permit for Kirazli and expects to start earthworks. When Kirazli is constructed, development focus is then expected to be on Agi Dagi.