TSX:FNV 102.22 +0.81 +0.8%
Volume 367,024
May 17, 2019
NYSE:FNV 75.92 +0.61 +0.81%
Volume 447,074
May 17, 2019
Gold 1,278.30 -9.10 -0.71%
Volume
May 17, 2019
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Franco-Nevada

Sterling (Au)

LOCATION: Nevada, United States
OPERATOR: Coeur Mining Inc.
ROYALTY: NSR: 0.25%

Sterling is a historic gold operation located 185 km northwest of Las Vegas, Nevada near Beatty, Nevada. Coeur, who operates Guadalupe-Palmarejo discussed on page 27, purchased Northern Empire Resource Corp. and the Sterling property in 2018. Franco-Nevada holds 1/8th of a 2% NSR, or an effective 0.25% NSR royalty, on approximately 272 lode mining claims with a small minimum advance royalty. Sterling underground mining operations were terminated at the end of May 2015. Coeur is continuing with Northern Empire Resource Corp’s previous drill program with two reverse circulation drill rigs focused on Mineral Resource infill and expansion drilling.