TSX:FNV 99.05 -0.49 -0.49%
Volume 606,413
May 23, 2019
NYSE:FNV 73.50 -0.65 -0.88%
Volume 535,410
May 23, 2019
Gold 1,284.91 +0.41 +0.03%
May 23, 2019
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South Kalgoorlie (Lake Cowan) (Au)

Location: Australia
Operator: Westgold Resources Limited
Royalty: Production Payment

Effective April 1, 2014, Franco-Nevada acquired a production payment royalty on all mineral production from the Lake Cowan Project operated by Westgold located in Western Australia northeast of the Higginsville Gold Plant. Westgold was created late in 2016 when Metals X demerged its gold assets into a separate ASX listed company. The Lake Cowan royalty rate is A$1.00 per tonne of ore processed and covers 32 km2 including five small open-pit gold deposits. Lake Cowan was in production from September 2014 through August 2017 to utilize spare capacity at two processing plants.