TSX:FNV 91.48 -0.27 -0.29%
Volume 441,599
January 18, 2019
NYSE:FNV 68.90 -0.22 -0.32%
Volume 646,283
January 18, 2019
Gold 1,281.71 -10.78 -0.83%
Volume
January 18, 2019
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Location: Australia
Royalty: Production Payment
Operator: Westgold Resources Limited

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. Westgold (then Metals X) began mining and processing ore from Lake Cowan in September 2014, to utilize spare capacity at its Higginsville Gold Plant and also at its South Kalgoorlie Gold Plant. There has been no mining at Lake Cowan since August 2016.