Central America & Mexico Punta Rincón Port and w Powerplant vie Caribbean Sea Over Cobre Panama Gold and Silver Stream River Caimito N 0 4 kilometer 20 km Concession Boundary Precious Metals Pits Concession Caribbean Sea Boundary Power Transmission Panama 230 kv line Cobre Panama Canal Project Panama City Camp Medio Pit Plant Site Pacic Ocean Colina Pit Botija Pit Balboa Pit Valle Grande Pit Botija Abajo Pit Brazo Pit Cobre Panama is one of the world’s largest copper porphyry deposits. Its location near tidewater allows a very low cost operation. 40 ★ Franco-Nevada Corporation TSX / NYSE: FNV