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Rosemont (Cu, Mo, Ag, Au)


Location: Arizona, United States
Operator: Hudbay Minerals Inc.
Royalty: NSR: 1.5%

Franco-Nevada has a 1.5% NSR royalty covering all metals, including copper, molybdenum, silver and gold extracted from the majority of claims covering the Rosemont project which is located in Pima County, approximately 30 miles southeast of Tucson, Arizona. The project is being advanced by Hudbay Minerals Inc. (“Hudbay”) following its acquisition of Augusta Resource Corporation. The Rosemont property contains three known potentially open-pit mineable deposits (Rosemont, Peach Elgin and Broadtop Butte) and is situated near a number of large porphyry style producing copper mines.

Hudbay received the Final Record of Decision for the project in June 2017 and, in March 2019, received the Section 404 Water Permit from the U.S. Army Corps of Engineers which was the final federal permit outstanding according to Hudbay. In July 2019, the US District Court for Arizona issued a ruling that vacated the Final Record of Decision (“FROD”) issued by the US Forest Service. As a result, the construction of Rosemont has been suspended. Hudbay intends to appeal the decision and is continuing to evaluate next steps for the Rosemont Project.


  • Section 404 Water Permit received in March 2019
  • Franco-Nevada’s royalty covers all metals, including copper, molybdenum, silver and gold

2019 2018 2017
Revenue to Franco-Nevada ($ million) $ - $ - $ -
Rosemont map