https://www.miningweekly.com

Franco-Nevada acquires Yanacocha royalty

15th August 2024

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Toronto- and New York-listed Franco-Nevada has acquired an existing 1.8% net smelter return (NSR) royalty on all minerals covering Newmont’s Yanacocha mine, in Peru.

The company will pay Compania de Minas Buenaventura $210-million in cash and a contingency payment of $15-million in Franco-Nevada shares.

The royalty would contribute immediate cash flow following gold production from a leading gold operator, said Franco-Nevada president and CEO Paul Brink.

Newmont is aiming for 290 000 oz of gold at Yanacocha in 2024.

“Yanacocha has been one of the largest gold mines globally and the district covered by the royalty remains highly prospective with over 47-million gold equivalent ounces in total reserves and resources. The royalty covers current oxide production, the planned sulphide project and high-quality growth projects, including Conga, which together have the potential to add decades of contributions to Franco Nevada,” he stated.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AQS Liquid Transfer
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.812s - 128pq - 2rq
Subscribe Now