Franco-Nevada Acquires 1.8% NSR On Newmont's Yanacocha Operations
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada's subsidiary has acquired a 1.8% net smelter return royalty on Newmont Corporation's Yanacocha mine and adjacent properties in Peru from Compañía de Minas Buenaventura S.A.A. and its subsidiary.
August 13, 2024 | 10:14 pm
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NEGATIVE IMPACT
Newmont Corporation's Yanacocha operations will now include a 1.8% NSR payable to Franco-Nevada, which may slightly impact its revenue from this mine.
The introduction of a 1.8% net smelter return royalty payable to Franco-Nevada could slightly reduce Newmont's revenue from the Yanacocha mine, though the impact is expected to be minor.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Franco-Nevada's acquisition of a 1.8% NSR on Newmont's Yanacocha operations is likely to enhance its revenue stream and diversify its asset portfolio.
The acquisition of a net smelter return royalty on a major mining operation like Yanacocha is likely to positively impact Franco-Nevada's revenue and asset diversification, making it a strategic move for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100