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The market for resources royalties is “very active right now”, Franco-Nevada CEO David Harquail commented on Tuesday.
Toronto-based Franco-Nevada, which has gold, platinum-group metals, base-metals, oil and gas assets, announced earlier in the day that it has agreed to buy a 2% net smelter return (NSR) royalty from TSX-listed Moydow Mines on a portion of Newmont Mining's Ahafo property, in Ghana, for $58-million in cash and shares.
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