Franco-Nevada Acquires 12.4% Equity Stake in Kenorland Minerals

MT newswire2026/10/05 21:10

05:10 PM EDT, 10/05/2026 (MT Newswires) -- Franco-Nevada (FNV.TO) acquired 10 million shares in Kenorland (KLD.V), giving the gold-focused royalty and streaming company a 12.4% equity stake, Kenorland said after trade on Monday. Franco-Nevada acquired the shares at CA$2.22 each, for a total of CA$22.2 million. The shares were acquired from Zach Flood, Kenorland's chief executive officer, and John Tognetti. Kenorland shares closed down CA$0.11 at CA$2.23, on the TSX Venture Exchange. Franco-Nevada shares closed up CA$2.95 at CA$343.70 on the Toronto Stock Exchange.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

The value of cryptocurrency assets held by the U.S. government has shrunk by $16 billion from last year’s peak.

AiCoin•2026/10/11 03:23

Copper prices approach historic highs! UBS remains bullish: "Still most optimistic"

华尔街见闻•2026/10/11 01:57

A COVID Vaccine Stock on the S&P 500 Is Up 600% This Year

BeInCrypto•2026/10/10 22:48

The number of stablecoin holders on the Solana chain has surpassed 14 million.

AiCoin•2026/10/10 21:35