TSX:FNV 87.37 -0.11 -0.13%
Volume 221,756
August 21, 2018
NYSE:FNV 67.06 +0.00 +0%
Volume 191,156
August 21, 2018
Gold 1,193.93 +1.30 +0.11%
Volume
August 21, 2018
Contact Share

Location: Australia
Operator: Blackham Resources Limited
Royalty: NSR: 3.6%

Franco-Nevada holds a 3.6% NSR royalty on all gold production from the Matilda/Wiluna Gold Project located in Western Australia. In December 2016, Franco-Nevada and Blackham Resources Limited (“Blackham”) agreed to restructure the royalty agreements. Prior to this date Franco-Nevada had a 3-5% variable rate NSR royalty that excluded portions of the Matilda/Wiluna Gold Project Mineral Resource. Wiluna was discovered in 1896 and has produced in excess of 4.0 million ounces of gold to date, with nearly continuous production from 1987 to 2013. Blackham acquired the Wiluna Gold Operation in March 2014. Blackham had previously acquired a large tenement position surrounding Wiluna, called the Matilda Gold Project, with over 1,150 km2 subject to an identical royalty arrangement with Franco-Nevada. Blackham resumed mining operations at Matilda/Wiluna in July 2016 with total production for 2017 of 61,181 ounces of gold. Matilda/Wiluna has a 1.3 Mt per annum treatment plant and processes ore from several open-pit and underground deposits. In January 2018, Blackham announced target gold production for the next 3.5 years of 250,000 ounces of gold.