Franco-Nevada(US:FNV) Prnewswire·2026-01-26 17:59Core Viewpoint - Franco-Nevada Corporation has entered into a $100 million gold stream financing transaction with Orezone Gold Corporation to support the acquisition of Hecla Mining Company's Casa Berardi Gold Mine and other Quebec assets, indicating a strategic expansion in its Canadian portfolio [1][2] Transaction Highlights - The transaction involves a $100 million gold stream financing to support Orezone's acquisition of Casa Berardi Gold Mine and other assets [1] - The effective date of the stream is January 1, 2026, with the first full quarter's fixed delivery due by April 15, 2026, or closing [4] Financial Aspects - Franco-Nevada plans to finance the transaction using cash on hand, with $0.9 billion in cash and cash equivalents and $1.9 billion in available capital as of September 30, 2025 [6] Operational Insights - Casa Berardi Mine has produced over 3.2 million ounces of gold and continues to generate significant production and cash flow [5] - The mine hosts proven and probable (P&P) mineral reserves of 1.3 million ounces and additional mineral resources of 0.9 million ounces measured and indicated (M&I) [5] - Orezone's management team, led by CEO Patrick Downey, has a strong track record in the resource industry, enhancing confidence in the operational success of the acquisition [5] Future Potential - The stream covers a large resource base with significant exploration potential, including the Heva-Hosco Gold Project, which has M&I mineral resources of 1.2 million ounces [5] - Orezone has identified opportunities to increase production and extend the mine life through ongoing underground operations and the development of new pits [5] Delivery Terms - Franco-Nevada will receive fixed deliveries of 1,625 ounces of gold per quarter for the first five years, followed by variable deliveries based on production from the Casa Berardi Mine and Heva-Hosco [5][12]