Franco-Nevada Announces Financing Package with Discovery Silver on the Porcupine Complex
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Franco-Nevada Corporation has announced a financing package with Discovery Silver Corporation to support Discovery's acquisition of the Porcupine Complex from Newmont Corporation. The package includes a $300M net smelter return royalty, a $100M senior secured term loan, and a $49M equity participation.
January 27, 2025 | 12:30 pm
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Franco-Nevada has entered into a financing agreement with Discovery Silver to support the acquisition of the Porcupine Complex from Newmont. This includes a $300M royalty, a $100M loan, and $49M in equity participation.
The financing package by Franco-Nevada is significant as it supports a major acquisition by Discovery Silver, potentially leading to future revenue from the royalty and interest from the loan. This strategic move could positively impact Franco-Nevada's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80