Franco-Nevada contests Burkina Faso stream ruling

Franco-Nevada Corporation reports that Riverstone Karma SA has announced a local court decision in Burkina Faso that purports to nullify the stream agreement related to the Karma Mine.

Rhea-AI Filing Summary

Franco-Nevada Corporation reports that Riverstone Karma SA has announced a local court decision in Burkina Faso that purports to nullify the stream agreement related to the Karma Mine. The agreement is governed by Ontario law, and Franco-Nevada believes the Burkina Faso judgment is not valid.

The company is seeking to have that judgment vacated and is pursuing legal remedies in Ontario and elsewhere under the agreement’s dispute resolution provisions against Riverstone Karma SA, its parent Néré Mining SA and other affiliates. Franco-Nevada describes itself as a leading gold-focused royalty and streaming company that is debt-free and uses free cash flow to expand its portfolio and pay dividends.

Insights

Mining sector legal-risk analyst

Franco-Nevada discloses a legal dispute over its Burkina Faso stream but is actively contesting a local court ruling.

Franco-Nevada highlights a local Burkina Faso court decision that purports to nullify its stream agreement on the Karma Mine, while emphasizing that the contract is governed by Ontario law. The company explicitly states it believes the foreign judgment is not valid.

The disclosure notes that Franco-Nevada is seeking to vacate the Burkina Faso judgment and is pursuing remedies in Ontario and elsewhere against Riverstone Karma SA, Néré Mining SA and affiliates. This frames the issue as an ongoing cross-jurisdictional contract dispute, with the actual financial impact not quantified in the text.

The company also reiterates its broader profile as a diversified, debt-free gold-focused royalty and streaming business using free cash flow for portfolio growth and dividends. That context suggests the Karma stream is one asset within a larger portfolio, though the relative contribution of this asset is not detailed in the excerpt.

Key Terms

stream agreement, royalty and streaming company, forward-looking statements

3 terms

stream agreement financial

"a local court decision in Burkina Faso purporting to nullify the stream agreement related to the Karma Mine"

A stream agreement is a financing deal where an investor gives upfront cash to a company in exchange for a right to buy or receive a fixed portion of the company’s future production or revenue—commonly used in mining to secure a share of metals output at a set price. It matters to investors because it changes how a project is funded and how future profits are shared, like prepaying for a discounted slice of a factory’s future output; that alters cash flow, risk exposure, and potential returns.

royalty and streaming company financial

"the leading gold-focused royalty and streaming company with the largest and most diversified portfolio"

forward-looking statements regulatory

"This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What legal issue does Franco-Nevada (FNV) report regarding its Burkina Faso stream?

Franco-Nevada reports that Riverstone Karma SA announced a local Burkina Faso court decision purporting to nullify the stream agreement for the Karma Mine. The company disputes this outcome and is challenging the judgment while pursuing remedies under the agreement’s dispute resolution provisions.

How is Franco-Nevada (FNV) responding to the Burkina Faso court decision?

Franco-Nevada is seeking to have the Burkina Faso judgment vacated and is pursuing legal remedies in Ontario and elsewhere. It is acting against Riverstone Karma SA, its parent Néré Mining SA and other affiliates, in line with the dispute resolution provisions of the stream agreement.

Which law governs Franco-Nevada’s Karma Mine stream agreement?

The stream agreement related to the Karma Mine is governed by Ontario law. Franco-Nevada emphasizes this point when explaining why it believes the Burkina Faso court judgment purporting to nullify the agreement is not valid and should be vacated through further legal action.

How does Franco-Nevada (FNV) describe its overall business model?

Franco-Nevada describes itself as a leading gold-focused royalty and streaming company with a large, diversified portfolio of cash-flow producing assets. It highlights that it is debt-free and uses free cash flow to expand its portfolio and pay dividends to shareholders over time.

What investment exposure does Franco-Nevada (FNV) aim to provide?

Franco-Nevada states that its business model offers investors gold price and exploration optionality while limiting exposure to cost inflation. As a royalty and streaming company, it focuses on cash-flow producing assets instead of operating mines directly, aiming for diversified gold-linked returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/17/2026 - 09:34 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

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For the month of June 2026

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Commission File Number 001-35286

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FRANCO-NEVADA CORPORATION

(Translation of registrant’s name into English)

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199 Bay Street, Suite 2000, P.O. Box 285, Commerce Court Postal Station, Toronto, Ontario, Canada M5L 1G9

(Address of principal executive offices)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

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Form 20-F   ☐ Form 40-F   ☒

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INDEX TO EXHIBITS

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99.1 News Release dated June 16, 2026 — Burkina Faso Stream Update

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SIGNATURE

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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 undersigned, thereunto duly authorized.

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​	FRANCO-NEVADA CORPORATION
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​	/s/ Lloyd Hong
Date: June 17, 2026	Lloyd Hong
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​	Chief Legal Officer & Corporate Secretary

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Exhibit 99.1

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NEWS RELEASE

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NEWS RELEASE

Toronto, June 16, 2026

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Burkina Faso Stream Update

Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) (TSX:FNV) (NYSE:FNV) is aware of a news release issued by Riverstone Karma SA announcing a local court decision in Burkina Faso purporting to nullify the stream agreement related to the Karma Mine.

The stream agreement is governed by Ontario law. Franco-Nevada believes the Burkina Faso judgement is not valid and is seeking to have the judgement vacated. Franco-Nevada is also pursuing its own legal remedies in Ontario and elsewhere in accordance with the dispute resolution provisions in the agreement against Riverstone Karma SA, its parent Néré Mining SA and other relevant affiliates to protect its legal rights.

Corporate Summary

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

For more information, please visit our website at www.franco-nevada.com or contact:

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Paul Brink		​
President & CEO		​
416-306-6305		​
info@franco-nevada.com		​

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Forward-Looking Statements

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. Franco-Nevada cannot assure investors that actual results will be consistent with these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.

The forward-looking statements herein are made as of the date hereof only and Franco-Nevada does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 12.8 KB