TSX:FNVMetals and Mining
Franco-Nevada (TSX:FNV) Expands Bullabulling Royalty: A Subtle Shift In Its Gold Exposure Strategy?
Franco-Nevada, through an Australian subsidiary, has agreed to a A$220 million package with Minerals 260, combining a A$170 million gross royalty and a A$50 million equity subscription to expand its gross royalty to 2.45% over the Bullabulling Gold Project in Western Australia.
This marks Franco-Nevada’s largest royalty acquisition in Australia to date and deepens its exposure to near-term gold production through a closer partnership with Minerals 260.
We’ll now examine how Franco-Nevada’s...