TORONTO, Nov. 29,
2023 /PRNewswire/ - Franco-Nevada Corporation
("Franco-Nevada") (TSX:
FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals
Ltd. ("First Quantum"), has issued an update reporting that
due to the continued illegal blockades at the Punta Rincon port and
roads to the site, the Cobre Panama mine has suspended commercial
production and is applying a program of preservation and safe
maintenance of the plant and facilities.
For more detailed information, please refer to First Quantum's
news release dated November 28,
2023.
Franco-Nevada further notes
that its revised 2023 GEO guidance issued on November 20, 2023, remains unchanged as it
assumed no further contributions from Cobre Panama from such
date.
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 safe maintenance
and preservation of facilities at Cobre Panama, and Franco-Nevada's
revised guidance for 2023. The outcome of these matters 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