Taca Taca (Cu, Au & Mo)

Candida Hayden TacaTaca

Location: Argentina, South America
Operator: First Quantum Minerals Ltd.
Royalty: NSR: 1.08%

Franco-Nevada has a 1.08% NSR royalty on all copper, gold and molybdenum produced from Taca Taca which was acquired through the acquisition of Lumina Royalty Corp. in December 2011. The property is located in the Puna region of northwestern Argentina in Salta Province, 230 km west of the provincial capital of Salta and 90 km east of the world’s largest copper mine, Escondida. The royalty is subject to a buy-back provision.

Taca Taca is a very large copper/gold/molybdenum porphyry system and in November 2020, First Quantum filed an updated NI 43-101 technical report and declared a maiden Mineral Reserve of over 7.7 million tonnes of contained copper. The previous preliminary economic assessment was completed by Lumina Copper Corp. (“Lumina Copper”) in April 2013 and in August 2014, First Quantum acquired Lumina Copper.

First Quantum’s updated report outlines a significant maiden Mineral Reserve estimate derived from an open-pit mine plan which contemplates processing throughput of up to 60 million tonnes per annum through a conventional flotation circuit with a mine life of approximately 32 years. The updated Measured and Indicated Mineral Resource of 2,203 million tonnes, grading 0.43% copper, contains 9,451,000 tonnes of contained copper, 265,000 tonnes of molybdenum and 6,052,000 ounces of gold. The Proven and Probable Mineral Reserve has been estimated at 1,759 million tonnes, grading 0.44% copper, for 7,735,000 tonnes of contained copper, 214,000 tonnes of molybdenum and 5,087,000 ounces of gold.

Work will continue to advance the project and to further refine and optimize the plan while obtaining the required approvals and permits in advance of a formal construction decision. In 2021, work will continue to advance the Taca Taca project and to further refine and optimize the plan. A decision to proceed with the construction of Taca Taca is not expected until sometime in 2023 or 2024.


  • Updated technical report in November 2020
  • Declared maiden Mineral Reserve of over 7.7 million tonnes of contained copper and 5.1 million ounces of gold

2020 2019 2018
Revenue to Franco-Nevada ($ million) $ - $ - $ -
Taca Taca