126.22
2.41%
+2.97
After Hours:
126.09
-0.13
-0.10%
Why is Franco-Nevada Corporation (FNV) Stock down?
30 Oct, 2023:
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.
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