05:54 PM EDT, 08/13/2024 (MT Newswires) -- Buenaventura (BVN) said late Tuesday it has closed the sale of its Chaupiloma Dos de Cajamarca unit to a subsidiary of Franco-Nevada ( FNV ) .

Chaupiloma owns a 1.8% net smelter return royalty on all minerals covering Newmont's ( NEM ) Yanacocha mine and adjacent mineral properties in Peru.

Buenaventura said the consideration for the royalty consists of $210 million, paid to the company in cash upon the deal's closing, as well as $15 million in Franco-Nevada ( FNV ) common shares, payable upon achievement of certain conditions.

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