Franco-Nevada Corporation has announced the acquisition of a 1.0% net smelter returns $(NSR)$ royalty from Altius for $250 million, related to AngloGold's Arthur Gold Project in Nevada. An additional $25 million may be paid in cash following the outcome of an ongoing arbitration process between Altius and AngloGold. The transaction was funded using cash on hand and a $175 million draw from Franco-Nevada's $1 billion corporate credit facility. BMO Capital Markets and TD Securities served as financial advisors to Franco-Nevada for this transaction. Franco-Nevada also holds certain pre-emptive rights on the remaining 0.5% NSR royalty retained by Altius.
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