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Marathon sells NSR on Valentine Lake to Franco Nevada

Marathon Gold (TSX:MOZ) has sold a 2% net smelter returns (NSR) royalty to Franco-Nevada (TSX:FNV) on production from its Valentine Lake project in Newfoundland, Canada for gross proceeds of C$18 million (US$13.6 million).

Staff Reporter
Valentine Lake in Canada's Newfoundland

Valentine Lake in Canada's Newfoundland

The royalty applies to the sales of precious and base metals and minerals. Marathon has an option to buy back 0.5% of the NSR for US$7 million until December 2022. "Franco-Nevada's purchase of the...

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