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%
January 18, 2019
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Hollister is a historic underground mine with past production of approximately 425,000 ounces. The mine is located at the northern end of the Carlin Trend in the Ivanhoe Mining District, Elko County, Nevada, approximately 121 km east-northeast of Winnemucca, Nevada. Franco-Nevada holds a 3-5% NSR royalty on approximately 28 km2 of the Hollister project as well as a sliding scale NSR, which is subject to gold price and production thresholds and is capped at $3.5 million.

Klondex purchased the Hollister project in the third quarter of 2016. Klondex also operates the Fire Creek/Midas assets highlighted on page 44. This offers potential synergies to Hollister including shorter trucking distances to the Midas Mill, lower milling costs and reduced G&A costs. Hecla Mining Company announced plans to acquire Klondex on March 19, 2018 and its three producing mines in Nevada including Hollister.

Hollister produced 7,371 gold equivalent ounces in 2017 which was less than the 30,000-35,000 gold equivalent ounces forecasted at the start of the year. Klondex began processing Hollister ore at the Midas Mill towards the end of the third quarter following the commissioning of the new CIL circuit needed to treat Hollister ore. For 2018, Klondex expects to produce between 37,000-40,000 gold equivalent ounces.

Klondex reported an initial Mineral Reserve estimate for the property during 2017. The estimate included the Hollister Main zone and the Gloria zone but did not include any drill results from Hatter Graben. Drilling on the Hatter Graben commenced in June 2017 and is located approximately 2,500 feet east of the Hollister Main zone. Hatter Graben is a vein system comprised of multiple high grade veins which was originally drilled in 2008 but never developed.


  • Restarted operations in Q3 2017
  • Initial Mineral Resource for Hollister Main and Gloria zone released
  • Ongoing drill campaign on Hatter Graben area located east of Hollister Main zone

2017 2016 2015
Revenue to Franco-Nevada ($ million) $ 0.3 $ – $ –