Franco-Nevada Corporation (FNV) announced that, through a wholly-owned Canadian subsidiary, it has entered into a $100M gold stream financing transaction with Orezone Gold Corporation (ORZCF) to support its acquisition of Hecla Mining Company’s (HL) producing Casa Berardi Gold Mine and all other Quebec assets, including the Heva-Hosco Gold Project. “We are pleased to add another operating gold mine to our Canadian portfolio and to partner with Orezone on this transformative transaction,” said Paul Brink, President & CEO of Franco-Nevada. “Patrick and the Orezone team are proven operators and developers, and we are excited to partner with them as they build Casa Berardi’s next chapter.”
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade HLPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNV:
- Canadian Gold Giant Franco-Nevada (FNV) Raises Dividend 16% as Metal Prices Soar
- Franco-Nevada price target raised to $283 from $225 at Scotiabank
- Franco-Nevada Lifts Dividend for 19th Straight Year and Sets Chair Transition
- Franco-Nevada increases quarterly dividend 16% to 44c per share
- Franco-Nevada chair David Harquail to switch roles, Tom Albanese to succeed