Franco & Euro Nevada FN , EN Message Board

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Gold/Mining/Energy : Franco & Euro Nevada FN , EN

FN 448.93

-2.7%

Nov 7 9:30 AM EST

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To: Traveling Man who wrote (505)	6/24/1999 11:25:00 PM
From: fergie	Read Replies (3) of 658

BHP announced today that all its U.S. based copper operations will close--I guess that includes FN's NSR on the Robinson mine. Here's what FN had to say about their Robinson mine in the latest Annual Report. "Franco-Nevada through two separate royalties has an effective 0.6% Net Smelter Return (NSR) on the Robinson copper-gold mine in Nevada operated by BHP Copper. Despite lower copper and gold prices, Franco-Nevada realized $665,000 from Robinson for calendar 1998, a slight improvement over the previous year. This reflected improved mining rates and recoveries at the project. Proven and probable reserves are adequate for another 15 years of production." FWIW

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