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In 2002, Newmont acquired 100% of Franco-Nevada as part of a three-way combination of Newmont, Normandy and Old Franco-Nevada. Newmont maintained Franco-Nevada as a royalty holding division, transferring numerous other royalties to it over the five-year period following the acquisition, building its portfolio of royalties to include investments ...
In February 2002, Newmont completed the acquisition of Normandy Mining and Franco-Nevada. Newmont faced competition in its bid for Normandy from AngloGold. By eventually outbidding the South African company, Newmont became the world's largest gold producer, with an annual production in excess of 8 million ounces. [13]
In 2008, Lassonde revived Franco-Nevada by joining forces with David Harquail and the rest of the original Franco-Nevada team to acquire Newmont's royalty portfolio. The born-again Franco-Nevada became the largest mining IPO (initial public offering) ever offered on the TSE (Toronto Stock Exchange) at that time. [6]
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I finally pulled the trigger on Franco-Nevada, adding diversification to my income-focused portfolio. Here's why. 8 Reasons I Just Bought Franco-Nevada Corporation Stock
By combining their operations in the southwestern U.S. state, which is home to one of the world's largest gold-producing areas, Barrick and Newmont hope to save more than $5 billion over the next ...
Franco-Nevada's 7.29% NSR royalty on Newmont Mining's Gold Quarry open pit mine in Nevada, which cost the company US$103.5 million, realized $250 million in royalty payments before being acquired. The NSM royalty in this case gave Franco Nevada the option of collecting in cash or in-kind (metal product output). [3]
Newmont Signs Letter of Intent to Sell Midas Operation in Nevada to Waterton Global Proposed transaction subject to completion of acquisition agreement and other terms DENVER--(BUSINESS WIRE ...