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Government of Panama Approves Processing of Stockpiled Ore at Cobre Panamá

  • Franco-Nevada Corporation notes that the Government of Panama approved the removal, processing & export of stockpiled ore at First Quantum's Cobre Panamá mine.
  • First Quantum estimates the stockpile contains 38 million tonnes of mineralized ore with approximately 70,000 tonnes of recoverable copper.
  • Franco-Nevada expects processing this material to deliver approximately 23,000 gold ounces & 265,000 silver ounces to the Company.
  • The press release includes forward-looking statements regarding the ore processing & associated deliveries, cautioning that actual results may differ materially from expectations.
  • Investors are directed to Franco-Nevada's recent Annual Information Form on SEDAR+ & Form 40-F on the SEC website for detailed risk factors.