Franco-Nevada (TSE:FNV) has released an update.
Franco-Nevada has expanded its portfolio by acquiring a 1.8% net smelter return royalty on Newmont’s Yanacocha mine and adjacent areas in Peru for $210 million and potential additional shares. The deal promises immediate cash flow from existing operations and significant growth potential from high-quality projects like the large copper-gold Conga project, enhancing Franco-Nevada’s long-term prospects.
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