Tuesday, July 05, 2011
Afaho (Subika) - Franco closed this deal during the heart of the '08 crash from Newmont, paying $58 million for a 2% NSR on Newmont's Ghana property. The royalty becomes payable after 1.2m ounces have been produced, which will be towards the very end of 2011, start of 2012. While over 50% of total production have been within that which falls on Franco's royalty or approx. 250k annually (with the potential to optimize operations in the years ahead). Annual attr production will amount to about 5k ounces annually.
Clash Of The Titans: Royal Gold vs. Franco-Nevada