TSX:FNV 117.86 +1.10 +0.94%
Volume 739,207
July 19, 2019
NYSE:FNV 90.22 +0.64 +0.71%
Volume 724,583
July 19, 2019
Gold 1,425.47 -20.78 -1.44%
Volume
July 19, 2019
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Franco-Nevada

Henty (Au)

Location: Tasmania
Operator: Diversified Minerals Pty Ltd
Royalty: GR: 1%

Henty is an underground gold mine that has historically produced approximately 1.3 million ounces. Franco-Nevada holds a 1% gross royalty on Henty located in northwest Tasmania operated by Diversified Minerals Pty Ltd (“Diversified Minerals”). All Mineral Reserves and Mineral Resources on the property are subject to Franco-Nevada’s royalties which cover 160 km2. This is a result of a September 2015 agreement whereby Franco-Nevada and then-operator Unity Mining Limited (“Unity”) agreed to consolidate Franco-Nevada’s various royalties at Henty into a single 1% gross royalty over the entire project area. In December 2015, the mine was placed on care and maintenance. In May 2016 Unity was acquired by Diversified Minerals. Diversified Minerals is a private company associated with PYBAR Mining Services, an Australian based underground mining contractor. Diversified Minerals resumed production at Henty late in 2016 and poured first gold in January 2017, with steady production of approximately 25,000 ounces per year since that date.