Form SD - Specialized disclosure report
17 September 2024 - 7:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
FRANCO-NEVADA CORPORATION
(Exact name of the registrant as specified in its charter)
Canada | | 001-35286 | | Not Applicable |
(State or other jurisdiction of | | (Commission file number) | | (I.R.S. Employer Identification No.) |
incorporation or organization) | | | | |
199 Bay Street, Suite 2000
P.O. Box 285
Commerce Court Postal Station
Toronto, Ontario, M5L 1G9
Canada
(Address of principal executive offices)
Lloyd Hong
Chief Legal Officer & Corporate Secretary
(416) 306-6300
(Name and telephone number, including area code,
of the person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, _______.
☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.
SECTION 1 - CONFLICT MINERALS DISCLOSURE
Item 1.01 - Conflict Minerals Disclosure and Report
Not applicable.
ITEM 1.02 - Exhibit
Not applicable.
SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 - Resource Extraction Issuer Disclosure and Report
This Form SD of Franco-Nevada Corporation (the “Company”) is filed pursuant to Rule 13q-1 promulgated under the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023.
(c)Alternative Reporting
The Company will be relying on the alternative reporting provision under Item 2.01(c) in order to meet its disclosure requirements under Form SD. The Company is subject to the resource extraction payment disclosure requirements of Quebec, Canada, an alternative reporting regime which requires the Company to file a Resource Extraction Payment Report annually.
A copy of the Company’s Resource Extraction Payment Report is furnished as Exhibit 2.01 to this Form SD and is publicly available at https://www.franco-nevada.com/investors/disclosures/estma/default.aspx.
SECTION 3 - EXHIBITS
Item 3.01 - Exhibits
The following exhibits are filed as part of this Form SD.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
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Date: September 16, 2024 | FRANCO-NEVADA CORPORATION |
| |
| /s/ Lloyd Hong |
| Lloyd Hong |
| Chief Legal Officer & Corporate Secretary |
Exhibit 99.1
Extractive Sector Transparency Measures Act - Annual Report | |
Reporting Entity Name | Franco-Nevada Corporation |
| | | | | | | |
Reporting Year | From | 2023-01-01 | To: | 2023-12-31 | Date submitted | 2024-05-28 | |
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Reporting Entity ESTMA Identification Number | E330301 | 
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Other Subsidiaries Included
(optional field) | Not Applicable | |
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Not Consolidated | | | | | | | |
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Not Substituted | | | | | | | |
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Attestation by Reporting Entity | | | | | | | |
| | | | | | | |
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | |
| | | | | | | |
Full Name of Director or Officer of Reporting Entity | Sandip Rana | Date | 2024-05-28 | |
Position Title | Chief Financial Officer | | | |
| | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | |
Extractive Sector Transparency Measures Act - Annual Report |
Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | | | | |
Reporting Entity Name | Franco-Nevada Corporation | Currency of the Report | CAD | |
Reporting Entity ESTMA Identification Number | E330301 | | | |
Subsidiary Reporting Entities (if necessary) | | | | | | | | | | | |
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Payments by Payee |
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Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 |
Canada | Government of Saskatchewan | Ministry of Finance | $ | 820,000 | | | | | | | | | | | | | | 820,000 | 1 |
Canada | Government of Saskatchewan | Ministry of Energy and Resources | $ | 550,000 | $ | 1,880,000 | | | | | | | | | | | | 2,430,000 | 1 |
Canada | Government of Canada | Canada Revenue Agency | $ | 1,300,000 | | | | | | | | | | | | | | 1,300,000 | 1 |
United States of America | United States Federal Government | United States Department of the Interior Bureau of Land Management | | | | | $ | 210,000 | | | | | | | | | | 210,000 | 2 |
United States of America | County of Harrison | County Treasurer's Office | $ | 190,000 | | | | | | | | | | | | | | 190,000 | 2 |
United States of America | County of Martin | County Treasurer's Office | $ | 190,000 | | | | | | | | | | | | | | 190,000 | 2 |
United States of America | County of Midland | County Treasurer's Office | $ | 660,000 | | | | | | | | | | | | | | 660,000 | 2 |
United States of America | County of Reeves | County Treasurer's Office | $ | 470,000 | | | | | | | | | | | | | | 470,000 | 2 |
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Additional Notes: | 1 Payments reported reflect gross payments made directly by Franco-Nevada in relation to its non-operated working interest in the Midale unit and Weyburn unit joint operations. Payments made by the operator on behalf of Franco-Nevada are reported by the operator.
2 All payments are reported in Canadian dollars. Where payments were made in currencies other than Canadian dollars, the payments were converted into Canadian dollars using an annual average exchange rate. The annual average exchange rate used was: $1.00 USD = $1.3497 CAD. |
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| | | | | | | | | | | |
Extractive Sector Transparency Measures Act - Annual Report |
Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | | | | | | | |
Reporting Entity Name | Franco-Nevada Corporation | Currency of the Report | CAD | | | | |
Reporting Entity ESTMA Identification Number | E330301 | | | | | | |
Subsidiary Reporting Entities (if necessary) | | | | | | | | | | | |
|
Payments by Project |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 |
Canada | Midale Unit Working Interest | $ | $260,000 | $ | $140,000 | | | | | | | | | | | 400,000 | 1 |
Canada | Weyburn Unit Working Interest | $ | $2,380,000 | $ | $1,740,000 | | | | | | | | | | | 4,120,000 | 1 |
| | | | | | | | | | | | | | | | | |
| |
| |
Additional Notes3: | 1 Payments reported reflect gross payments made directly by Franco-Nevada in relation to its non-operated working interest in the Midale unit and Weyburn unit joint operations. Payments made by the operator on behalf of Franco-Nevada are reported by the operator. |
v3.24.3
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v3.24.3
Payments, by Category - CAD ($)
$ in Thousands |
Taxes |
Royalties |
Fees |
Total Payments |
| Total |
$ 4,180
|
$ 1,880
|
$ 210
|
$ 6,270
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v3.24.3
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v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - CAD ($)
$ in Thousands |
Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
| #: 1 |
|
|
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|
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$ 820
|
Taxes
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CANADA
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snj:CA-SK
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Ministry of Finance
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fnv:MidaleUnitAndWeyburnUnitWorkingInterestMember
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| #: 2 |
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550
|
Taxes
|
CANADA
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snj:CA-SK
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Ministry of Energy and Resources
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Midale Unit Working Interest
|
| #: 3 |
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1,880
|
Royalties
|
CANADA
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snj:CA-SK
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Ministry of Energy and Resources
|
Weyburn Unit Working Interest
|
| #: 4 |
|
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1,300
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Taxes
|
CANADA
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Canada Revenue Agency
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fnv:MidaleUnitAndWeyburnUnitWorkingInterestMember
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| #: 5 |
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210
|
Fees
|
UNITED STATES
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United States Department of the Interior Bureau of Land Management
|
|
| #: 6 |
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190
|
Taxes
|
UNITED STATES
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snj:US-TX
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Harrison County Treasurer's Office
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|
| #: 7 |
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190
|
Taxes
|
UNITED STATES
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snj:US-TX
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Martin County Treasurer's Office
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| #: 8 |
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|
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660
|
Taxes
|
UNITED STATES
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snj:US-TX
|
Midland County Treasurer's Office
|
|
| #: 9 |
|
|
|
|
|
|
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$ 470
|
Taxes
|
UNITED STATES
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snj:US-TX
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Reeves County Treasurer's Office
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