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 1,425.90 -20.27 -1.4%
Volume
July 19, 2019
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Franco-Nevada

Sissingué (Au)

Location: Côte D’Ivoire
Operator: Perseus Mining Limited
Royalty: NSR: 0.5%

In 2013, Franco-Nevada acquired a 0.5% NSR on tenements that comprise the Sissingué gold project located in Côte d’Ivoire operated by Perseus. Perseus made a construction decision in 2016, poured first gold on January 26, 2018 and declared commercial production on April 1, 2018. Sissingué produced 71,244 ounces in 2018 and generated $0.4 million in revenue to Franco-Nevada. Perseus provided an updated life of mine plan for Sissingué in October 2018 which estimated average annual production of 78,000 ounces for the remaining 4.6 years of the mine life. Perseus continues to explore the property, as well as the nearby Fimbiasso claims (no Franco-Nevada royalty) to potentially increase the mine life.