Welcome to our dedicated page for Franco Nevada news (Ticker: FNV), a resource for investors and traders seeking the latest updates and insights on Franco Nevada stock.
Franco-Nevada Corporation (FNV) is a leading gold-focused royalty and streaming company providing strategic financing to mining operators worldwide. This news hub offers investors and analysts centralized access to official updates about FNV's royalty acquisitions, production milestones, and financial performance in the precious metals sector.
Our curated collection features timely updates on quarterly earnings, new streaming agreements, and portfolio expansions across gold, platinum group metals, and energy assets. Users will find essential documents including regulatory filings, partnership announcements, and operational updates from key mining jurisdictions.
Key resources include analysis of FNV's royalty revenue streams, updates on major projects like Cobre Panama, and strategic moves in the energy sector. The content is organized to help stakeholders track how FNV leverages its non-operating model to generate resilient cash flows while mitigating mining risks.
Bookmark this page for direct access to Franco-Nevada's latest developments. Combine these updates with market data through Stock Titan's tools to assess FNV's position in the evolving precious metals landscape.
Franco-Nevada reported Q2 2024 results highlighting a decrease in key metrics year-over-year. Despite record gold prices, revenue dropped by 21% to $260.1 million, and operating cash flow declined by 26% to $194.4 million due to lower production at Candelaria, Antapaccay, and the absence of Cobre Panama. Adjusted EBITDA also fell by 20% to $221.9 million. The company recorded a 57% drop in net income to $79.5 million, impacted by a $69.8 million increase in tax expenses due to the Global Minimum Tax initiative.
Franco-Nevada made significant portfolio additions, including a gold stream on SolGold's Cascabel project in Ecuador and a royalty on Newmont's Yanacocha operations in Peru. The company expects stronger contributions from new mines in H2 2024, although it anticipates being at the lower end of its GEO sales guidance range for 2024.
The company maintains a strong financial position with no debt and $2.4 billion in available capital. ESG commitments and community initiatives are also emphasized.
Franco-Nevada (TSX: FNV) (NYSE: FNV) has announced the acquisition of a 1.8% net smelter return royalty on Newmont 's Yanacocha mine and adjacent properties in Peru. The transaction involves a $210 million cash payment and a contingent payment of $15 million in Franco-Nevada common shares. The royalty covers current oxide production, the planned sulfide project, and growth projects including Conga, potentially adding decades of contributions to Franco-Nevada.
Key highlights:
- Immediate cash flow from Yanacocha's current production
- Coverage of the Yanacocha Sulfides Project with significant reserves
- Long-term optionality from the Conga project and other resources
- Exploration potential across a large land package of over 750 km²
The acquisition aligns with Franco-Nevada's strategy as a leading gold-focused royalty and streaming company, enhancing its portfolio and potential for future growth.
Franco-Nevada (FNV) has announced the release date for its second quarter 2024 financial results. The company will report its Q2 2024 results on August 13, 2024, after market close. A conference call and webcast to discuss the results are scheduled for August 14, 2024, at 8:00 am ET. Investors and analysts can participate via toll-free and international dial-in numbers or through a webcast available on the company's website. A replay of the call will be accessible until August 21, 2024. This announcement provides transparency and allows stakeholders to prepare for the upcoming financial disclosure.
Franco-Nevada (TSX: FNV) (NYSE: FNV) has announced that its subsidiary, Franco-Nevada (Barbados) (FNB), has acquired a gold stream from SolGold plc's Cascabel copper-gold project in Ecuador. FNB has partnered with Osisko Gold Royalties 's subsidiary on a 70%/30% basis, providing a total of $750 million in funding. The deal includes $100 million in pre-construction funding and $650 million for construction.
Key points:
- FNB will contribute $525 million, while Osisko will provide $225 million
- The stream is expected to average approximately 50,000 GEOs per year for FNB over the first 10 years of full production
- Cascabel is one of the largest copper-gold development projects globally
- The transaction includes structural protections and exploration potential
Franco-Nevada announced the election of directors at the 2024 Annual Meeting, with detailed voting results provided. The company is a leading gold-focused royalty and streaming firm, offering a diversified asset portfolio and operating debt-free. Franco-Nevada trades under the symbol FNV on the Toronto and New York stock exchanges.
Franco-Nevada reported Q1 2024 results with a focus on margin expansion fueled by elevated gold prices. The company saw high margins, no debt, and $2.3B in available capital. Despite a decline in total GEOs sold and revenue from Q1 2023, the company remains optimistic about upcoming production from new mines like Salares Norte and Greenstone. Strong financial position and commitment to ESG initiatives reinforce Franco-Nevada's leading position in the industry.
