Oct. 6, 2014, 4:38 PM
- Franco-Nevada (NYSE:FNV) agrees to acquire a gold and silver stream on production from the Candelaria and Ojos del Salado mines in Chile from Lundin Mining (OTCPK:LUNMF, OTC:LUNCF) upon completion of the acquisition of Candelaria by Lundin from Freeport McMoRan (NYSE:FCX).
- FNV will provide an up-front deposit of $648M to acquire the gold and silver stream and will subscribe for up to C$50M in Lundin's planned subscription receipts financing.
- FNV -0.9% AH.
Jan. 22, 2013, 9:44 AM
Franco-Nevada (FNV) is committing $1B to Inmet (IEMMF.PK) for development of the Cobre Panama project, so it has a unique interest in First Quantum’s (FQVLF.PK) $5.1B hostile bid for Inmet. FNV CEO David Harquail says he is impressed with Inmet’s handling of the project so far, and harbors doubts about First Quantum’s proposal to build the mine for significantly less money.| Jan. 22, 2013, 9:44 AM
Nov. 6, 2012, 5:43 PM
Franco Nevada (FNV) agrees to acquire a ~11.7% net royalty interest in the Weyburn Oil Unit with Penn West Petroleum (PWE) for C$400M in cash. Current production levels are ~26K bbl/day of medium grade slightly sour crude. FNV expects the acquisition to be immediately accretive to revenue, cash flow and earnings.| Nov. 6, 2012, 5:43 PM