Ann: Sale of Challenger Royalty , page-2

Franco Nevada are a royalty focused business listed on the tsx, recently bought a gold royalty from CXC covering the former BSG assets.

The agreement with RSG does not include any leverage to the gold price (directly) so relies on DOM production to pay back the initial cost which will take 6-7 years. Strong vote of confidence in long term continuation of gold production at Challenger and further discoveries.