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Franco-Nevada Adds Iron Ore Royalty Exposure

(in U.S. dollars unless otherwise noted) TORONTO, April 19, 2021 /PRNewswire/ - Franco-Nevada has acquired 14.7% of Vale s outstanding Participating Debentures ( Royalty Debentures ) from the Brazilian Development Bank ( BNDES ) and the Government of Brazil for $538M. The Royalty Debentures provide holders with life of mine net sales royalties on Vale s Northern and Southeastern Iron Ore Systems and on certain copper and gold operations (together, the Royalty ). This transaction provides royalty exposure to some of the world s largest and most profitable integrated iron ore mines with reserve weighted mine lives of 30 years and potential for multiple additional decades through reserve growth. The Royalty covers a total of 15.6 thousand square kilometers of mineral properties held by Vale in Brazil, also offering exposure to a number of development properties. The Royalty currently generates an annualized pre-tax cash yield of 10% based on acquisition cost and the most recent semi-a

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The Daily Chase: Federal government unveils budget; Bitcoin stabilizes after big plunge

The Daily Chase: Federal government unveils budget; Bitcoin stabilizes after big plunge Chrystia Freeland, Canada s deputy prime minister and minister of finance, listens during a news conference in Ottawa, Ontario, Canada, on Tuesday, Oct. 20, 2020. Prime Minister Justin Trudeau warned opposition lawmakers they will trigger an election in Canada if they approve the creation of an anti-corruption committee. , Bloomberg For the first time in more than two years, it’s budget day in Canada – and the leaks are coming fast and furious. Let’s rattle through some of them: Our Bloomberg News partners are reporting the feds will extend wage and rent relief, while adding a temporary support program for new hirings, plus approximately $2 billion earmarked for childcare, and will also plow ahead with previously telegraphed taxes on digital services. Elsewhere, Reuters said the budget will also present a timeline for other Bi

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Tuesday's analyst upgrades and downgrades - The Globe and Mail

Tuesday's analyst upgrades and downgrades - The Globe and Mail
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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5 Top TSX Dividend Stocks to Buy Before March 2021 Ends

5 Top TSX Dividend Stocks to Buy Before March 2021 Ends
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