Business Remains Robust Despite Production Halt at Cobre Panama "In late 2023, we were challenged by the unprecedented production halt at Cobre Panama. We are hopeful that the issues can be resolved, although we have taken a prudent approach for the carrying value of the asset", stated Paul Brink, CEO. "Despite the issue at Cobre Panama, our [...]
Franco-Nevada Corp. is pleased to announce that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of US$0.36 per share payable on March 28, 2024 to shareholders of record on March 14, 2024 . The increased dividend will be effective for the full 2024 fiscal year. This is a 5.88% increase from the previous [...]
Franco-Nevada Corp. notes that its partner, First Quantum Minerals Ltd. , has provided an update in respect of its position regarding the next steps required for the responsible environmental stewardship of the Cobre Panama mine site and First Quantum's intention to pursue all appropriate legal avenues to protect its investment and rights. For more [...]
Franco-Nevada Corp. notes that its partner, First Quantum Minerals Ltd. , has provided a further update in respect of recent comments made by the President of Panama, Laurentino Cortizo, regarding a transition process for the closure of the Cobre Panama mine. For more detailed information, please refer to First Quantum's news release dated December [...]
Franco-Nevada Corp. notes that its partner, First Quantum Minerals Ltd. , has issued an update reporting that due to the continued illegal blockades at the Punta Rincon port and roads to the site, the Cobre Panama mine has suspended commercial production and is applying a program of preservation and safe maintenance of the plant and facilities. For [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
