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122.96
0.32%
0.39
Why is Franco Nevada Corporation (FNV) Stock down?
We've noticed a 5.07% decline in Franco Nevada Corporation (FNV) stock during the 2024-11-11 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
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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