TORONTO, Nov. 28,
2023 /PRNewswire/ - Franco-Nevada
Corporation ("Franco-Nevada") (TSX: FNV) (NYSE: FNV) is aware
that the Supreme Court of Panama
announced this morning that Law 406, the law that approved the
revised concession contract for the Cobre Panama mine, is
unconstitutional. Franco-Nevada is
in communication with its partner First Quantum Minerals Ltd. and
will provide further updates as they are available.
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 impact of the
unconstitutionality ruling of the Supreme Court of Panama with respect to Law 406. 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.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.
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content:https://www.prnewswire.com/news-releases/cobre-panama-supreme-court-update-301999333.html
SOURCE Franco-Nevada Corporation
