Arbitration between miner Franco-Nevada, Panama moves to next stage [Yahoo! Finance Canada]
Franco-Nevada Corporation (FNV)
Last franco-nevada corporation earnings: 3/9 05:00 pm
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Source: Yahoo! Finance Canada
Investors are awaiting Panama President Jose Raul Mulino's decision over the future of the mine, which was shut down last year due to public unrest. Cobre Panama is the flagship mine of Canadian miner First Quantum Minerals, which is also seeking damages from Panama. Franco-Nevada had a streaming agreement with First Quantum to buy gold and copper from Cobre Panama in return for financing mine operations. Franco-Nevada is seeking $5 billion in damages from Panama under the Canada-Panama free-trade agreement. In 2023, Franco-Nevada took a $1-billion charge due to the mine's closure. First Quantum has sought damages of at least $20 billion and Orla Mining, which had its separate mining contract canceled last year, is claiming at least $400 million from Panama. The next stage is formal arbitration proceedings in which the parties present their arguments. Cobre Panama has become a flashpoint in the mining industry as its closure has removed 1% of global copper supply. Mulino has
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FNV
News
- Franco-Nevada Co. (NYSE: FNV) had its price target lowered by analysts at HC Wainwright from $200.00 to $155.00. They now have a "buy" rating on the stock.MarketBeat
- Don't Be Cute: Buy Stability With These 2 Defensive TSX Stocks [Yahoo! Finance Canada]Yahoo! Finance Canada
- Franco-Nevada Announces $500 Million Precious Metals Stream with Sibanye-Stillwater [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Franco-Nevada Announces $500 Million Precious Metals Stream with Sibanye-Stillwater [Yahoo! Finance]Yahoo! Finance
- Franco-Nevada Announces $500 Million Precious Metals Stream with Sibanye-StillwaterPR Newswire
FNV
Earnings
- 11/6/24 - Miss
FNV
Sec Filings
- 12/19/24 - Form 6-K
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- FNV's page on the SEC website