TORONTO, Dec. 22,
2023 /PRNewswire/ - Franco-Nevada Corporation
("Franco-Nevada") (TSX:
FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals
Ltd. ("First Quantum"), has provided an update in respect of
its position regarding the next steps required for the responsible
environmental stewardship of the Cobre Panama mine site and First
Quantum's intention to pursue all appropriate legal avenues to
protect its investment and rights.
For more detailed information, please refer to First Quantum's
news release dated December 22,
2023.
Franco-Nevada will also pursue
all appropriate legal avenues to enforce its rights and protect its
investment in Panama.
Forward-Looking Statements
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian securities laws and the United States Private Securities
Litigation Reform Act of 1995, respectively, which may include, but
are not limited to, statements with respect to the responsible
environmental stewardship of the Cobre Panama mine and the exercise
of available legal rights by First Quantum and Franco-Nevada. The
outcome of these matters, the failure to restart production from
the mine, the inability to achieve agreement on appropriate mining
concession arrangements, and further steps in respect thereof by
the Panamanian government and courts could have a material adverse
impact on the revenue Franco-Nevada derives from its streaming
arrangements relating to Cobre Panama and on Franco-Nevada's
results of operations and financial condition. There can be no
assurance that such forward-looking statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Investors are
cautioned that forward-looking statements are not guarantees of
future performance. Accordingly, investors should not place undue
reliance on forward-looking statements due to the inherent
uncertainty therein.
For additional information with respect to risks,
uncertainties and assumptions relating to Franco-Nevada's business
and assets, please refer to Franco-Nevada's most recent Annual
Information Form filed with the Canadian securities regulatory
authorities on www.sedarplus.com and Franco-Nevada's most recent
Annual Report filed on Form 40-F filed with the SEC on www.sec.gov.
The forward-looking statements herein are made as of the date of
this press release only and Franco-Nevada does not assume any
obligation to update or revise them to reflect new information,
estimates or opinions, future events or results or otherwise,
except as required by applicable law.
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SOURCE Franco-Nevada Corporation