Franco-Nevada and Osisko Partner on $750M Gold Stream Deal
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada Corporation (NYSE:FNV) and Osisko Gold Royalties Ltd. have partnered to provide a $750 million gold stream financing package for SolGold plc's Cascabel project in Ecuador. Franco-Nevada will contribute $525 million, while Osisko will provide $225 million. The funding will be disbursed in stages, with $100 million allocated for pre-construction and $650 million for construction, subject to various conditions.
July 15, 2024 | 10:36 am
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Franco-Nevada Corporation (NYSE:FNV) has entered into a $750 million gold stream financing deal with Osisko Gold Royalties for SolGold's Cascabel project. Franco-Nevada will contribute $525 million, with $100 million allocated for pre-construction and $650 million for construction, subject to conditions.
The partnership and significant financial commitment by Franco-Nevada in the Cascabel project is likely to be viewed positively by investors, indicating growth and expansion in their asset portfolio.
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