Franco-Nevada contests Burkina Faso Karma stream ruling

On Jun 17, 2026

TORONTO, June 16, 2026 /PRNewswire/ – Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) (TSX: FNV) (NYSE: FNV) is aware of a news release issued by Riverstone Karma SA announcing a local court decision in Burkina Faso purporting to nullify the stream agreement related to the Karma Mine.

The stream agreement is governed by Ontario law. Franco-Nevada believes the Burkina Faso judgement is not valid and is seeking to have the judgement vacated. Franco-Nevada is also pursuing its own legal remedies in Ontario and elsewhere in accordance with the dispute resolution provisions in the agreement against Riverstone Karma SA, its parent Néré Mining SA and other relevant affiliates to protect its legal rights.

Corporate Summary

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

For more information, please visit our website at www.franco-nevada.com

Forward-Looking Statements

This news 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. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. Franco-Nevada cannot assure investors that actual results will be consistent with these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.

The forward-looking statements herein are made as of the date hereof 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.

View original content:https://www.prnewswire.com/news-releases/burkina-faso-stream-update-302802550.html

SOURCE Franco-Nevada Corporation

FAQ

What is happening with Franco-Nevada’s Burkina Faso stream agreement for the Karma Mine (FNV)?

Franco-Nevada reports a local Burkina Faso court decision purporting to nullify the Karma Mine stream agreement. According to Franco-Nevada, the agreement is governed by Ontario law, and the company is challenging the judgment and pursuing legal remedies.

How is Franco-Nevada (FNV) responding to the Burkina Faso court judgment?

Franco-Nevada is seeking to have the Burkina Faso judgment vacated. According to Franco-Nevada, it is also pursuing legal remedies in Ontario and other jurisdictions against Riverstone Karma SA, Néré Mining SA, and affiliates to protect its legal rights.

Who are the counterparties in Franco-Nevada’s Karma Mine stream dispute (FNV)?

The dispute involves Riverstone Karma SA and its parent Néré Mining SA. According to Franco-Nevada, it is pursuing legal remedies against these entities and other relevant affiliates in line with the agreement’s dispute resolution provisions.

What is Franco-Nevada’s business model and financial position as of June 2026 (FNV)?

Franco-Nevada describes itself as a leading gold-focused royalty and streaming company. According to Franco-Nevada, it has a diversified portfolio of cash-flow producing assets, is debt-free, and uses free cash flow to expand its portfolio and pay dividends.

How does the Karma Mine stream issue potentially affect Franco-Nevada investors (FNV)?

Investors face uncertainty around the Karma Mine stream agreement due to the local court decision. According to Franco-Nevada, it is actively contesting the Burkina Faso judgment and pursuing contractual dispute resolution mechanisms to protect its rights under Ontario law.

Credit: Source link