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Highlights
- Franco-Nevada acquired a 1.0% net smelter return royalty from Altius Minerals for USD 250 million.
- The royalty covers AngloGold’s Arthur Gold Project with 3.4 Moz indicated and 12.9 Moz inferred resources.
- A further USD 25 million may be paid, contingent on arbitration regarding the royalty's expanded scope.
Franco-Nevada Corporation (TSX:FNV) announced the acquisition of a 1.0% net smelter return (NSR) royalty on AngloGold Ashanti’s Arthur Gold Project in Nevada for USD 250 million. The royalty was purchased from Altius Minerals Corporation and includes an additional contingent payment of USD 25 million, subject to the outcome of arbitration regarding the royalty’s geographical reach.
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