Argonaut Gold Inc.<\/b> is pleased to announce that it has completed the Magino royalty transaction with a wholly-owned subsidiary of Franco-Nevada Corporation, as announced on November 2, 2023.<\/p>\n
Pursuant to the transaction, the Company has completed the sale of an additional 1% net smelter return royalty (“NSR”) on its Magino Mine to Franco-Nevada for $28.0 million. Franco-Nevada now holds an aggregate 3.0% NSR on the Magino Mine.\u00a0 The closing of the sale of certain non-core royalty holdings in Canada and Mexico is expected to close subsequently, adding up to an additional $1.45 million to the sale proceeds, subject to satisfying certain conditions of closing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Argonaut Gold Inc. is pleased to announce that it has completed the Magino royalty transaction with a wholly-owned subsidiary of Franco-Nevada Corporation, as announced on November 2, 2023. Pursuant to the transaction, the Company has completed the sale of an additional 1% net smelter return royalty (“NSR”) on its Magino Mine to Franco-Nevada for $28.0 …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-63555","post","type-post","status-publish","format-standard","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-04-30 10:41:04","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/63555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=63555"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/63555\/revisions"}],"predecessor-version":[{"id":63556,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/63555\/revisions\/63556"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=63555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=63555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=63555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}