Franco‑Nevada Acquires 1.8% NSR on Newmont's Yanacocha From Buenaventura
August 13, 2024
Franco‑Nevada Corporation acquired an existing 1.8% net smelter return (NSR) royalty on Newmont's Yanacocha mine and adjacent properties (including Conga) from Compañía de Minas Buenaventura and its subsidiary for $210 million cash plus a contingent $15 million payable in Franco‑Nevada common shares. The royalty interest is effective July 1, 2024 and provides Franco‑Nevada with additional long‑life precious‑metal exposure in Peru.
- Buyers
- Franco‑Nevada Corporation
- Targets
- 1.8% NSR on Newmont's Yanacocha operations (including Conga)
- Sellers
- Compañía de Minas Buenaventura, Buenaventura subsidiary
- Industry
- Financial Services
- Location
- Lima, Peru
- Transaction Type
- Buyout
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