Franco Nevada, a major royalty company, lost approximately $1 billion in value when the Cobre Panama mine was suddenly shut down by the Panamanian government due to environmental protests, demonstrating that even highly diversified royalty companies face significant geopolitical and environmental risks that can impose major losses on concentrated positions.

factualpending

Speaker

John Rubino

Evidence Quote

the Cobra Panama mine which is one of the world's biggest copper mines was just sarily shut down by the panamian government or Panamanian government uh because of environmental protests and you know that just took a big chunk of future copper production out of the equation

Source

What If A Coming Recession & Bear Market Are The LEAST Of Our Worries? | John RubinoAdam Taggart | Thoughtful Money®
Created: 8/10/2026, 11:15:06 PM

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