Franco-Nevada Corporation
-
AWARD: MMSA awards gold medal to Pierre Lassonde
DENVER, Colo. – The Mining and Metallurgical Society of America has chosen to award its 2019 gold medal to Pierre Lassonde, chairman of Toronto-based Franco-Nevada Mining. Lassonde is recognized for his leadership as a mining executive for a major mining…
-
Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma. Franco-Nevada says it will contribute about US$220 million for the acquisition of…
-
MINING PEOPLE: New Gold, Banro, Franco-Nevada, and SSR Mining
New Gold of Toronto has named Raymond Threlkeld as its new president and CEO. He has been a member of the board since 2009 and was New Gold’s COO from December 2016 to September 2017. Threlkeld succeeds Hannes Portman who…
-
COPPER-GOLD: Franco-Nevada acquires additional Cobre Panama stream for $178 million
PANAMA – Toronto-based Franco-Nevada Corp. has agreed to acquire an additional precious metals stream from Korea Resources, holder of a 10% interest in the Cobre Panama copper-gold project in this country. Franco-Nevada will pay US$178 million for the additional ounces.…
-
BIGGEST: MINING.com lists 50 largest miners by capitalization
VANCOUVER – Thanks to the diligent work of MINING.com and IntelligenceMine, we now have a list of the world’s largest mining companies by capitalization (reported in U.S. dollars). “At the end of the first quarter this year the top 50…
-
FUNDING: Laurentian University awash in new cash – $114M in one day
SUDBURY, ON – This week it seems Laurentian University is awash in new funding – $114 million from individuals, government, the mineral industry, and academia. All of them want to see more study of the earth sciences. On Tuesday, Sept.…
-
GOLD-SILVER: Franco-Nevada seals $800M financing for streaming deal with Glencore
PERU – Swiss mining giant Glencore is chipping away at its debt, and its latest move is the sale of a gold and silver stream from the Antapaccay copper mine to Franco-Nevada Corp. of Toronto. Antapaccay is a brownfield expansion…
-
Major miners fuel a rising demand for streaming deals
VANCOUVER — As traditional forms of equity and debt finance have become untenable for mining companies, there’s been a rise in stream agreements, which typically offer miners access to cash for a percentage of future by-product metal production. And according to…
-
CHROMITE: Noront’s Ring of Fire purchase closes
ONTARIO – Noront Resources’ buyout of the Ontario assets of Cliffs Natural Resources has closed, but not without controversy and only after the intervention of the court. Toronto-based Noront offered US$20 million last month for Cliffs’…
-
CHROMITE: Noront to acquire Cliffs’ Ring of Fire properties
ONTARIO – Spunky Toronto-based junior, Noront Resources, has offered US$20 million to acquire the subsidiaries of Cliffs Natural Resources that hold claims in the Ring of Fire, 500 km northeast of Thunder Bay. Cliffs abandoned its…
-
COPPER: Lundin to buy Freeport’s interest in Candelaria complex
CHILE – Lundin Mining Corp. of Toronto has agreed to purchase Freeport-McMoRan’s 80% share of the Candelaria-Ojos del Salado copper mining operation for US$1.8 billion. The operation includes an open pit, an underground mine, and a…
-
FINANCING: Franco-Nevada closes US$500M bought deal
TORONTO – Franco-Nevada Corp. is bulking up its treasury thanks to a bought deal financing that will bring in half-a-billion dollars, at least. The company closed a deal whereby it issued 8.38 million common shares at a price of US$59.75…
