Franco Nevada Corporation (FNV)

Franco-Nevada Corporation Stock (FNV) dropped by 8.15% from $137.47 to $126.27 in the trading on Monday October 30, 2023. The reason why FNV stock down today is due to the referendum on mine contract. Panama's government said it will hold a referendum on the Cobre Panama copper mine as it attempts to quell growing protests demanding the project's cancellation. The news comes a week after a new 20-year mining contract became law, allowing First Quantum and its partner, Franco-Nevada, to continue operating its 90%-owned project.