Franco-nevada announces financing package with discovery silver on the porcupine complex

(in u.s. dollars unless otherwise noted) toronto , jan. 27, 2025 /prnewswire/ - franco-nevada corporation ("franco-nevada " or the "company") (tsx: fnv) (nyse: fnv) is pleased to announce that it has entered into a comprehensive financing transaction with discovery silver corporation ("discovery") to support its proposed acquisition of the porcupine complex located near timmins, ontario from newmont corporation. the transaction includes: i) a 4.25% net smelter return royalty (the 'royalty") for $300m, consisting of two tranches, on production from the porcupine complex, ii) a $100m senior secured term loan (the "loan") available to be drawn by discovery within two years of closing, and iii) approximately $49m of equity participation with a cornerstone investment in a concurrent c$225m (approximately $155m) discovery equity raise.
FNV Ratings Summary
FNV Quant Ranking