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Volume 367,024
May 17, 2019
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May 17, 2019
Gold 1,278.30 -9.10 -0.71%
Volume
May 17, 2019
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Franco-Nevada

Osborne (Cu, Au)

Location: Australia, Rest of World
Operator: Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd.
Royalty: NSR: 2% (capped at A$15M)

Effective July 1, 2013, Franco-Nevada acquired a 2% NSR royalty on the Osborne Copper-Gold project which is now operated by Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd. (“Shanxi”), a private company incorporated in China. Royalty payments are capped at A$15 million with A$1.6 million in royalty payments paid prior to acquisition. The A$15 million cap was reached in December 2018.