Franco-Nevada acquires net smelter royalty on Newmont's Yanacocha mine

seekingalpha08-14

Franco-Nevada (NYSE:FNV) said post-market Tuesday it agreed to acquire from Buenaventura (BVN) an existing 1.8% net smelter return royalty on all minerals covering Newmont's (NEM) Yanacocha mine and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2459150238?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1007121072/image_1007121072.jpg","is_english":true,"pubTime":"2024-08-14 06:52","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2459150238","market":"us","top_or_hot":-1,"title":"Franco-Nevada acquires net smelter royalty on Newmont's Yanacocha mine","media":"seekingalpha","content":"<div>\n<p>Franco-Nevada (NYSE:FNV) said post-market Tuesday it agreed to acquire from Buenaventura (BVN) an existing 1.8% net smelter return royalty on all minerals covering Newmont's (NEM) Yanacocha mine and ...</p>\n\n<a href=\"https://seekingalpha.com/news/4139535-franco-nevada-acquires-net-smelter-royalty-on-newmonts-yanacocha-mine\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Franco-Nevada acquires net smelter royalty on Newmont's Yanacocha mine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFranco-Nevada acquires net smelter royalty on Newmont's Yanacocha mine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-14 06:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4139535-franco-nevada-acquires-net-smelter-royalty-on-newmonts-yanacocha-mine><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Franco-Nevada (NYSE:FNV) said post-market Tuesday it agreed to acquire from Buenaventura (BVN) an existing 1.8% net smelter return royalty on all minerals covering Newmont's (NEM) Yanacocha mine and ...</p>\n\n<a href=\"https://seekingalpha.com/news/4139535-franco-nevada-acquires-net-smelter-royalty-on-newmonts-yanacocha-mine\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0724618789.USD","symbol_name":"BGF WORLD GOLD \"A4\" (USD) INC","start_time":0,"source_url":"https://seekingalpha.com/news/4139535-franco-nevada-acquires-net-smelter-royalty-on-newmonts-yanacocha-mine","article_id":"2459150238","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1007121072/image_1007121072.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459150238","pubTimestamp":1723589559,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Franco-Nevada  said post-market Tuesday it agreed to acquire from Buenaventura  an existing 1.8% net smelter return royalty on all minerals covering Newmont's  Yanacocha mine and adjacent mineral properties in Peru. Consideration for the royalty consists of $210M paid in cash on closing, plus a $15M contingent payment in Franco-Nevada  common shares, payable upon achievement of certain conditions. Yanacocha is currently producing from the open pit oxides and will contribute immediate GEOs to Franco-Nevada ; Newmont  has guided for production of 290K gold oz at Yanacocha in 2024. The royalty also covers the Yanacocha copper-gold sulfides project with total reserves and resources of 1.2M copper tons and 7.2M gold oz; Newmont  has deferred a decision on developing the sulfides project until at least 2025.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0055631609.USD":"贝莱德世界黄金基金A2","BK4532":"文艺复兴科技持仓","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU1223082196.USD":"施罗德环球黄金A Acc","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4585":"ETF&股票定投概念","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","FNV":"Franco Nevada Corp","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","BK4570":"地缘局势概念股","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","BVN":"布埃纳文图拉开采","LU2177674079.SGD":"Fidelity Asia Pacific Opportunities A-ACC-SGD (hedged)","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","BK4588":"碎股","BK4017":"黄金","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","SG9999001143.SGD":"United Gold and General A Acc SGD","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","NEM":"纽曼矿业","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC"},"translate_title":"弗兰科-内华达获得纽蒙特亚纳科查矿的净冶炼厂特许权使用费","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEM":1,"BVN":1,"FNV":1},"content_text":"Franco-Nevada (NYSE:FNV) said post-market Tuesday it agreed to acquire from Buenaventura (BVN) an existing 1.8% net smelter return royalty on all minerals covering Newmont's (NEM) Yanacocha mine and adjacent mineral properties in Peru. Consideration for the royalty consists of $210M paid in cash on closing, plus a $15M contingent payment in Franco-Nevada (FNV) common shares, payable upon achievement of certain conditions. Yanacocha is currently producing from the open pit oxides and will contribute immediate GEOs to Franco-Nevada (FNV); Newmont (NEM) has guided for production of 290K gold oz at Yanacocha in 2024. The royalty also covers the Yanacocha copper-gold sulfides project with total reserves and resources of 1.2M copper tons and 7.2M gold oz; Newmont (NEM) has deferred a decision on developing the sulfides project until at least 2025.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459150238"}