Gold investor Franco-Nevada funds SolGold’s Ecuador copper-gold project

Gold royalty company Franco-Nevada will fund up to $150 million of Solgold’s Alpala project in Ecuador, the mine operator said on Monday May 11.

The net smelters returns (NSR) agreement includes an initial $100 million to Solgold which will pay a perpetual 1% NSR interest. The total amount could increase by $50 million and to a 1.5% NSR interest rate within eight months.

NSR is the amount of revenue for a mining operator of metal products mined from the...

Published

Julian Luk

May 11, 2020

12:53 GMT

London