FC
Condestable
Project information
As at 31 December 2024
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Southern Peaks Mining LP
Operator name:
Southern Peaks Mining LP
Extraction:
Underground
Extraction:
Underground
Country:
Peru
Country:
Peru
Region:
Lima
Region:
Lima
Interest conditions:
Fixed deliveries of 8,760 oz Au and 291,000 oz Ag per year until Dec 2025; then 63% of Au and Ag until 87,600 oz Au and 2,910,000 oz Ag delivered; thereafter 37.5% of Au and Ag. Ongoing payment of 20% of spot price. Acquired: March 2021 for $165M, amended March 2024 for additional $10M.
Description
As at 31 December 2024
Franco-Nevada gold and silver stream on the Condestable mine in Peru operated by Southern Peaks Mining LP. The Condestable mine has operated for over 50 years and produces approximately 20,000 tonnes of copper per year. The stream is referenced to Condestable concessions covering approximately 450 km2.
Stream interests
As at 31 December 2024 · exclusive
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Reserves & resources — detail
As at 31 December 2024
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