Panama approves Cobre Panamá stockpile processing for Franco-Nevada (FNV)
Rhea-AI Filing Summary
Franco-Nevada Corporation reports that the Government of Panama has approved the removal, processing and export of stockpiled ore at the Cobre Panamá mine, which had been halted after operations were suspended.
Partner First Quantum estimates the stockpile at about 38 million tonnes of mineralized ore containing roughly 70,000 tonnes of recoverable copper. Based on this, Franco-Nevada expects processing to generate approximately 23,000 gold ounces and 265,000 silver ounces in deliveries to the company, consistent with prior guidance in its 2025 Management’s Discussion and Analysis.
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Insights
Approval to process Cobre Panamá stockpiles restores some expected metal deliveries to Franco-Nevada.
The approval to process stockpiled ore at Cobre Panamá revives a portion of Franco-Nevada’s stream from a previously suspended mine. The ore stockpile of about 38 million tonnes, with 70,000 tonnes of recoverable copper, underpins near-term production activity.
Franco-Nevada estimates this material will yield roughly 23,000 gold ounces and 265,000 silver ounces to the company, aligning with earlier MD&A disclosures. While the filing does not quantify revenue impact, it confirms a tangible volume of metal deliveries tied to existing contracts, subject to the usual operational and political risks highlighted in its cautionary language.
Key Figures
Key Terms
stockpiled ore financial
recoverable copper financial
Management’s Discussion and Analysis financial
forward-looking statements regulatory
Annual Information Form regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number 001-35286
FRANCO-NEVADA CORPORATION
(Translation of registrant’s name into English)
199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, Ontario, Canada M5L 1G9
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F ☐ | Form 40-F ☒ |
INDEX TO EXHIBITS
99.1 | News Release dated April 7, 2026 — Government of Panama Approves Processing of Stockpiled Ore at Cobre Panamá |
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| FRANCO-NEVADA CORPORATION |
| |
| |
| /s/ Lloyd Hong |
Date: April 7, 2026 | Lloyd Hong |
| |
| Chief Legal Officer & Corporate Secretary |
3
Exhibit 99.1
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|
NEWS RELEASE |
NEWS RELEASE
Toronto, April 7, 2026
Government of Panama Approves Processing of Stockpiled Ore at Cobre Panamá
Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) (TSX: FNV) (NYSE: FNV) notes that its partner, First Quantum Minerals Ltd. (“First Quantum”), announced today that the Government of Panama has formally approved the removal, processing and export of stockpiled ore at the Cobre Panamá mine that was extracted prior to the suspension of operations.
For additional details, please refer to First Quantum’s news release dated April 7, 2026.
First Quantum has estimated the total stockpile at approximately 38 million tonnes of mineralized ore at varying grades, containing approximately 70,000 tonnes of recoverable copper. Franco-Nevada estimates that processing of this material will result in deliveries to the Company of approximately 23,000 gold ounces and 265,000 silver ounces, as previously disclosed in Franco-Nevada’s 2025 Management’s Discussion and Analysis dated March 10, 2026.
For more information, please visit our website at www.franco-nevada.com or contact:
Paul Brink | Sandip Rana | ||
President & Chief Executive Officer | Chief Financial Officer | ||
416-306-6305 | 416-306-6303 | ||
info@franco-nevada.com | | ||
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 removal, processing and export of stockpiled ore at the Cobre Panamá mine and associated gold and silver deliveries to Franco-Nevada. 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.
