Franco-Nevada Acquires Royalty on Côté Gold Mine for $1.05 Billion

Post Views: 454 Côté Gold Mine Franco-Nevada Corporation has entered a $1.05 billion deal to acquire a cash-flowing royalty on the Côté Gold Mine in Ontario. This acquisition grants Franco-Nevada a 7.5% gross margin royalty on mineral production from the Chester 1, 2, and 3 claims. These claims cover more than 99% of the current mineral resources at the site. The Côté Gold Mine, owned by IAMGOLD and Sumitomo, is one of Canada’s largest and most modern gold mines. It has a significant mineral resource base and strong growth potential.   Key Highlights of the Côté Gold Mine Royalty Fr...