Franco-Nevada

U.S. Global Investors Launches Gold Royalty GOAU ETF on Peru’s Lima Stock Exchange, Provides Update on Share Buyback Program

Retrieved on: 
Wednesday, December 6, 2023
Copper, Natural Resources, Gross domestic product, Share repurchase, JETS, Wheaton Precious Metals, Mining, GDP, Gold, Language, GOLD, Franco-Nevada, Hochschild Mining, ETF, Royal Gold, Lima Stock Exchange, Metal, Gold Fields, Silver

Global Investors, Inc. ( NASDAQ : GROW ) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that its gold mining and royalty ETF, the U.S.

Key Points: 
  • Global Investors, Inc. ( NASDAQ : GROW ) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that its gold mining and royalty ETF, the U.S.
  • Global GO GOLD and Precious Metal Miners ETF ( NYSE: GOAU ), is now listed on Peru’s Bolsa de Valores de Lima (Lima Stock Exchange).
  • The new listing expands GOAU’s global footprint and provides Peruvian investors access to the fund.
  • I believe this makes it an ideal destination for GOAU, which provides investors access to not just gold mining companies but also, strategically, royalty companies.

Coeur Announces Agreement to Acquire Concessions Near the Palmarejo Mine from Fresnillo

Retrieved on: 
Monday, November 20, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Acquisition, NYSE, S.A, Gold, CDE, Multimedia, Heart, Fresnillo plc, Franco-Nevada, Silver

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that its subsidiary, Coeur Mexicana, S.A. de C.V., has signed a purchase agreement with a subsidiary of Fresnillo plc (“Fresnillo”) to acquire mining concessions adjacent to the Palmarejo gold-silver complex located in the state of Chihuahua, Mexico.

Key Points: 
  • Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that its subsidiary, Coeur Mexicana, S.A. de C.V., has signed a purchase agreement with a subsidiary of Fresnillo plc (“Fresnillo”) to acquire mining concessions adjacent to the Palmarejo gold-silver complex located in the state of Chihuahua, Mexico.
  • View the full release here: https://www.businesswire.com/news/home/20231120902019/en/
    Together, the concessions comprise nearly 7,000 acres and include claims adjacent to two primary zones within Palmarejo’s existing footprint as shown in yellow on the map below.
  • The first set of concessions cover the southeast extensions of the Independencia and Nacion deposits where mining currently takes place.
  • The second set of concessions, located to the northeast, surrounds multiple targets containing mineralization and historic resources that were added through the 2015 acquisition of Paramount Gold and Silver.

Developments in Panama

Retrieved on: 
Friday, December 1, 2023
Ministry, NYSE, Canada–Panama Free Trade Agreement, Annual report, Commerce, Government, First Quantum Minerals, FNV, Failure, TSX, News, Free trade, Franco-Nevada

TORONTO, Dec. 1, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), 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.

Key Points: 
  • TORONTO, Dec. 1, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. ("First Quantum"), 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 1, 2023.
  • Franco-Nevada also reports that, on November 23, 2023, the Company notified the Ministry of Commerce and Industry of Panama of its intent to initiate arbitration to enforce its rights under international law pursuant to the Canada-Panama Free Trade Agreement.
  • Similar to the notice filed by First Quantum on November 14, 2023, the Company's notice facilitates consultations between the Government of Panama and the Company under the Free Trade Agreement in order to avoid the need to file any such arbitration.

Cobre Panama Supreme Court Update

Retrieved on: 
Tuesday, November 28, 2023
NYSE, Annual report, Supreme court, FNV, Communication, TSX, Franco-Nevada

TORONTO, Nov. 28, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada") (TSX: FNV) (NYSE: FNV) 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.

Key Points: 
  • TORONTO, Nov. 28, 2023 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada") (TSX: FNV) (NYSE: FNV) 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.
  • This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to the impact of the unconstitutionality ruling of the Supreme Court of Panama with respect to Law 406.
  • The outcome of these matters could have a material adverse impact on the revenue Franco-Nevada derives from its streaming arrangements relating to Cobre Panama and on Franco-Nevada's results of operations and financial condition.

Cobre Panama Additional Operations Update and Revised Franco-Nevada Guidance

Retrieved on: 
Monday, November 20, 2023
NYSE, Platinum, Annual report, Risk, Gold, Supreme court, First Quantum Minerals, Palladium, GEO, Metal, Republic, MPSA, Silver, FNV, Total, TSX, Franco-Nevada

Given the recent curtailment of operations at Cobre Panama and the risk of further disruptions at the mine, Franco-Nevada is adjusting its guidance for 2023.

Key Points: 
  • Given the recent curtailment of operations at Cobre Panama and the risk of further disruptions at the mine, Franco-Nevada is adjusting its guidance for 2023.
  • Franco-Nevada's original guidance was 490,000 to 530,000 Precious Metal GEOs and 640,000 to 700,000 Total GEOs.
  • Franco-Nevada is revising its guidance to 480,000 to 500,000 Precious Metal GEOs and 620,000 to 640,000 Total GEOs.
  • The outcome of these matters could have a material adverse impact on the revenue Franco-Nevada derives from its streaming arrangements relating to Cobre Panama and on Franco-Nevada's results of operations and financial condition.

U.S. Global Investors Launches Gold Royalty GOAU ETF on Mexican Stock Exchange, Expanding Global Footprint in Latin America

Retrieved on: 
Wednesday, November 1, 2023
Allianz Global Investors, Gold, GOLD, Mining, All Japan Federation of Metal Miners' Unions, NYSE, Royal Gold, ETF, JETS, Mexican Stock Exchange, Metal, BMV, Wheaton Precious Metals, Palladium, Franco-Nevada

Global Investors, Inc. ( NASDAQ : GROW ) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that its gold mining and royalty ETF, the U.S.

Key Points: 
  • Global Investors, Inc. ( NASDAQ : GROW ) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that its gold mining and royalty ETF, the U.S.
  • Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU), is now listed on the Mexican Stock Exchange (BMV).
  • The new listing expands GOAU’s global footprint and allows investors in Mexico to access the fund.
  • “We’ve witnessed the strength behind the gold royalty model, particularly in the three largest royalty positions in GOAU: Wheaton Precious Metals, Franco-Nevada and Royal Gold,” Mr. Holmes says.

Passing of Randall Oliphant

Retrieved on: 
Tuesday, September 5, 2023
Franco-Nevada, Mobile phone

TORONTO, Sept. 5, 2023 /PRNewswire/ - Franco-Nevada Corporation is deeply saddened to announce the sudden passing of Board member Randall Oliphant on September 1, 2023.

Key Points: 
  • TORONTO, Sept. 5, 2023 /PRNewswire/ - Franco-Nevada Corporation 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.

Prime Mining Reports Second Quarter 2023 Financial and Operating Results

Retrieved on: 
Thursday, August 17, 2023
Acceleration, Business development, Capital market, Technical report, Resource, Geology, Disclosure, Silver, Indication (medicine), Financial statement, MRE, Government, Gold, MD, SEDAR, Technical advisor, ESG, Franco-Nevada, Environment, Mining, Cryptocurrency, Rare-earth element, Road, Department store

VANCOUVER, British Columbia, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to report its operating and financial results for the quarter ended June 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to report its operating and financial results for the quarter ended June 30, 2023.
  • Mr. Sparkes is a Technical Advisor to Prime, with over 30 years’ experience in mineral exploration as an exploration geologist and mining executive.
  • Prime concluded a very productive second quarter 2023.
  • The following selected financial data is summarized from the Company’s consolidated financial statements and related notes thereto (the “Financial Statements”) for the three and six months ended June 30, 2023 and 2022.

Marathon Gold Announces 2023 Second Quarter Results

Retrieved on: 
Thursday, August 10, 2023
Capital expenditure, Leprechaun, Marathon, Star Lake, NSR, MRE, Person, Sale, National instrument, NI, Project, NL, KV, News, Cryptocurrency, Life insurance, Geology, Franco-Nevada

General and administrative expenses increased from $0.86 million and $3.18 million in the three and six months ended June 30, 2022, respectively, to $4.45 million and $6.21 million in the comparable period in 2023.

Key Points: 
  • General and administrative expenses increased from $0.86 million and $3.18 million in the three and six months ended June 30, 2022, respectively, to $4.45 million and $6.21 million in the comparable period in 2023.
  • Finance income, net increased from $0.18 million and $0.28 million in the three and six months ended June 30, 2022, respectively, to $5.64 million and $6.71 million in the comparable period in 2023.
  • (NL), Vice President, Regulatory and Government Affairs for Marathon and Mr. David Ross, P.Geo.
  • (NL), of APEX Geoscience Ltd. is a Qualified Person for purposes of NI 43-101, is independent of Marathon and the Valentine Gold Project, and has reviewed and takes responsibility for the updated 2022 MRE prepared by John T. Boyd Company.

Coeur Provides Palmarejo Exploration Update

Retrieved on: 
Wednesday, August 9, 2023
Mining, Minerals, Natural Resources, Barium, Vein, Zinc, Senior, Expansion, Franco-Nevada, La Nación, AG, Multimedia, Gold, Acquisition, Antimony, Anomaly, Arsenic, CDE, Growth, Libertad, NYSE, Cadmium, Uranium mining, Printed circuit board, Natural gas, Rare-earth element, Exploration, Silver, Coeur

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on the exploration programs at its Palmarejo gold-silver complex located in southwest Chihuahua, Mexico.

Key Points: 
  • Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today provided an update on the exploration programs at its Palmarejo gold-silver complex located in southwest Chihuahua, Mexico.
  • In addition, mapping and sampling of East Palmarejo has defined numerous mineralized trends and high-priority targets set to be drilled beginning in 2024.
  • “Coeur has invested over $60 million in exploration and infill drilling at Palmarejo since 2018, which has led to strong reserve and resource growth with multiple new discoveries and meaningful extensions to its mine life,” said Mitchell J. Krebs, President and Chief Executive Officer.
  • “In addition, we continue to build exploration momentum in the eastern portion of the Palmarejo land package which to date has seen minimal systematic exploration.