Franco-Nevada (TSE:FNV) has released an update.
Franco-Nevada Corporation has partnered with Osisko Gold Royalties to acquire a gold stream from SolGold’s Cascabel project in Ecuador, committing a combined $750 million. The funding includes an initial $100 million for pre-construction and an additional $650 million for construction upon meeting specific conditions. The deal, enhancing Franco-Nevada’s growth pipeline, is expected to significantly contribute to their annual Gold Equivalent Ounces (GEOs) with strong support from the Ecuadorian Government.
For further insights into TSE:FNV stock, check out TipRanks’ Stock Analysis page.