Franco-Nevada Announces $352.5 Million Financing Package With G Mining Ventures On The Tocantinzinho Gold Project
Franco-Nevada Announces $352.5 Million Financing Package With G Mining Ventures On The Tocantinzinho Gold Project
07/18/22, 10:18 AM
Location
torontoIndustry
natural resources
sustainability
lending and investments
financial services
Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation ("FNB"), has acquired a gold stream with reference to production from the Tocantinzinho project located in Pará State, Brazil for $250 million (the "Stream"). Additionally, Franco-Nevada, through one of its wholly-owned subsidiaries, has agreed to provide G Mining Ventures Corp. ("G Mining Ventures") with a $75 million secured term loan (the "Term Loan") and to subscribe for $27.5 million of G Mining Ventures' common shares ("Common Shares").
Company Info
Location
toronto, ontario, canada
Additional Info
Fully financed project: Franco-Nevada is providing $352.5 million of a total $481 million fully committed financing package. Franco-Nevada uses its free cash flow to expand its portfolio and pay dividends. Franco-Nevada is the gold investment that works.