Franco-Nevada Corp. is aware that the Supreme Court of Panama announced this morning that Law 406, the law that approved the revised concession contract for the Cobre Panama mine, is unconstitutional. Franco-Nevada is in communication with its partner First Quantum Minerals Ltd. and will provide further updates as they are available. Forward-Looking Statements This press release contains "forward-looking information" and [...]
Franco-Nevada Corp. notes that its partner, First Quantum Minerals Ltd. , has issued an update reporting the following in respect of the Cobre Panama mine : First Quantum's subsidiary, Minera Panama S.A. , has further ramped down operations at Cobre Panama to one remaining ore processing train Ongoing illegal blockades of small boats at the Punta Rincon port continue to prevent the delivery of supplies that are necessary [...]
Franco-Nevada Corp. notes that its partner, First Quantum Minerals Ltd. , has issued an update announcing that its subsidiary, Minera Panama S.A., has begun to reduce ore processing operations at the Cobre Panama mine by ramping down one ore processing train while two remain operational. First Quantum has reported that an illegal blockade of small boats at the Punta Rincon port has affected delivery of supplies for the [...]
Precious Metal Assets Performed Well "Our core precious metal assets anchored the quarter, resulting in increased revenue and earnings over the prior year period," stated Paul Brink, CEO. We are looking forward to added precious metal contributions from a number of new mines in 2024 and, in particular, from the Tocantinzinho stream where G Mining Ventures is progressing construction on time and budget. Franco-Nevada is [...]
Franco-Nevada Corp. notes that its partner, First Quantum Minerals Ltd. , has issued an update regarding the various Government of Panama bills and unconstitutionality challenges in respect of Law 406, the law that approved the revised concession contract for the Cobre Panama mine. First Quantum has also advised that production at the mine remains uninterrupted at this time, while protests have caused disruptions on site [...]
Franco-Nevada Corp. notes the October 29 announcement by President Laurentino Cortizo of the Panamanian government's intention to hold a popular consultation on December 17 concerning Law 406 that recently approved the revised contract for the Cobre Panama mine. Franco-Nevada has been in communication with its partner, First Quantum Minerals Ltd. who had advised that it has contacted the government in order to understand [...]
Franco-Nevada Corp. is pleased to announce that it has been advised by its partner First Quantum Minerals Ltd. that, on October 20, 2023, Law 406, which approves the refreshed mining concession contract for the Cobre Panama mine, was enacted into law in Panama. First Quantum noted that the enactment of Law 406 marks the final step in revising the legal framework for the Cobre Panama mine. For more detailed information [...]
Franco-Nevada today announced it will report its third quarter 2023 results as follows: Third Quarter 2023 Results Release: November 8th after market close Conference Call and Webcast: November 9th 8:00 am ET Dial?in Numbers: Toll?Free: 1?888?390?0546 International: 416?764?8688 Conference Call URL : https://bit.ly/3Y3uYt8 Webcast: www.franco?nevada.com Replay : Toll?Free: 1?888?390?0541 International: 416?764?8677 [...]
Franco-Nevada Corp. is deeply saddened to announce the sudden passing of Board member Randall Oliphant on September 1, 2023. Mr. Oliphant was a founding director of Franco-Nevada at its initial public offering in 2007 and played a key role in the Company's growth and success over the past 16 years. He will be greatly missed by all at Franco-Nevada. View original [...]
Improved performance from core precious metal assets "Our portfolio continues to generate strong cash flows and high margins. The second quarter's results benefited from our core assets returning to normal production and deliveries caught up from the disruptions in Q1. Revenue from our Diversified assets was impacted by lower oil, gas and iron ore prices compared to the relative highs of the prior year period" stated Paul [...]
Franco-Nevada today announced it will report its second quarter 2023 results as follows: Second Quarter 2023 Results Release: August 8th after market close Conference Call and Webcast: August 9th 10:00 am ET Dial-in Numbers: Toll-Free: 1-888-390-0546 International: 416-764-8688 Conference Call URL : https://bit.ly/3P6nG47 Webcast: www.franco-nevada.com Replay : Toll-Free: 1-888-390-0541 International: 416-764-8677 [...]
Franco-Nevada Corp. announced that the nominees listed in the management proxy circular for the 2023 Annual and Special Meeting of Shareholders were elected as directors of the Corporation. Detailed results of the vote for the election of directors held at the Annual Meeting yesterday in person and by webcast are set out below. Nominee Votes For % For Votes Against % Against David Harquail 148,148,937 98.54 % 2,191,587 [...]
