TORONTO, Oct. 31,
2023 /CNW/ - Franco-Nevada Corporation
("Franco-Nevada") (TSX: FNV) (NYSE: FNV) notes the October 29 announcement by President Laurentino Cortizo of the Panamanian
government's intention to hold a popular consultation on
December 17 concerning Law 406 that
recently approved the revised contract for the Cobre Panama
mine.
Franco-Nevada has been in
communication with its partner, First Quantum Minerals Ltd. ("First
Quantum") who had advised that it has contacted the government in
order to understand the details in respect of the popular
consultation. First Quantum has also noted the comments by the
Electoral Commission of Panama
regarding legal and logistic considerations in respect of the
popular consultation and the unconstitutionality challenges that
have been brought against Law 406 of which two have been admitted
to be heard by the Supreme Court of Justice in Panama.
For more detailed information, please refer to First Quantum's
press release dated October 31,
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 the holding and any
outcome of a public consultation or referendum regarding the Cobre
Panama concession contract and the constitutional challenges to the
law approving the contract. 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.ca 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-concession-contract-update-301972737.html
SOURCE Franco-Nevada Corporation