TORONTO, Nov. 13,
2023 /CNW/ - Franco-Nevada Corporation
("Franco-Nevada") (TSX:
FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals
Ltd. ("First Quantum"), has issued an update announcing that
its subsidiary, Minera Panama S.A., has begun to reduce ore
processing operations at the Cobre Panama mine by ramping down one
ore processing train while two remain operational. First
Quantum has reported that an illegal blockade of small boats at the
Punta Rincon port has affected delivery of supplies for the
mine's on-site power generation plant which is necessary for full
operations and has also hindered the loading of copper concentrate
onto vessels.
For more detailed information, please refer to First Quantum's
press release dated November 13,
2023.
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 Minera Panama S.A.'s
approach to operations and the effect of continued blockades on
Cobre Panama. 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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content:https://www.prnewswire.com/news-releases/cobre-panama-operations-update-301985971.html
SOURCE Franco-Nevada Corporation
