Investor Presentaiton
Franco
Nevada $250 million Gold Stream
O Franco-Nevada (Barbados) Corporation has acquired a gold stream on the TZ project over the life of mine under the following offer terms:
Upfront deposit of $250 million (C$325 million)
•
12.5% of gold produced from TZ over the life of mine, reducing to 7.5% after delivery of 300,000 ounces of gold
•
Reserve life currently delivers ~229,000 ounces of gold
.
Facility is assuming 3-5-year mine life extension using LOM average annual production
Ongoing payments to GMIN of 20% of the spot gold price at time of delivery
ESG Initiatives: Franco-Nevada is contributing $250,000 per year for four years for investment towards environmental
initiatives and social projects in the communities surrounding TZ
Full drawdown of the deposit subject to satisfaction of certain customary conditions
.
Not conditional on additional third-party equity investment
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