Welcome to our dedicated page for Franco-Nevada Corporation news (Ticker: FNV), a resource for investors and traders seeking the latest updates and insights on Franco-Nevada Corporation stock.
Franco-Nevada Corporation (symbol: FNV) is a premier gold-focused royalty and streaming company. Based out of Toronto, Canada, Franco-Nevada boasts the largest and most diversified portfolio of cash-flow-producing assets within the industry. Unlike traditional mining companies, Franco-Nevada does not engage in the operation of mines, development projects, or exploration. Instead, the company generates revenue primarily through royalties and streams from a wide range of precious metals, including gold, silver, and platinum, as well as interests in oil & gas.
Currently, the company holds assets diversified by commodity, revenue type, and project stage, with significant holdings primarily located in the U.S., Canada, and Australia. The company's unique business model provides investors with exposure to gold prices and exploration potential while minimizing risks associated with cost inflation. Franco-Nevada is known for its strong financial position, being debt-free and continually growing its cash balances. This financial prudence allows the company to regularly pay dividends and expand its portfolio strategically.
Recent achievements include an increase in gold equivalent ounces (GEOs) sold from its precious metal assets, notably from projects like Cobre Panama, Guadalupe-Palmarejo, and MWS. In Q3 2023, Franco-Nevada reported revenues of $309.5 million, up 1.7% from the same period in the previous year. The company's precious metal revenue accounted for 77.8% of its total revenue, with gold alone constituting 64.5%.
Franco-Nevada remains at the forefront of Environmental, Social, and Governance (ESG) initiatives. The company consistently ranks highly with leading ESG rating agencies and has been proactive in expanding its diversity scholarship programs and supporting industry initiatives. The revised mining concession contract for the Cobre Panama mine is one of the significant developments, although it faces a series of legal challenges and public scrutiny. Despite these challenges, production at Cobre Panama remains uninterrupted, and Franco-Nevada continues to closely monitor the situation.
Additionally, Franco-Nevada has a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends for additional common shares at a slight discount. The company's robust cash flow and lack of debt underscore its capacity to manage such programs while maintaining financial stability.
In summary, Franco-Nevada Corporation represents a stable and growth-oriented investment in the precious metals sector, providing shareholders with exposure to gold and other commodities while maintaining financial health and ESG leadership.
Franco-Nevada reported strong Q3 2022 results, achieving record revenue, net income, and Adjusted EBITDA, yet experienced a slight decline in total GEOs sold due to lower precious metal prices. Revenue reached $304.2 million, down 4% year-over-year, primarily from precious metals and iron ore, offset by increased oil and gas revenues. The company declared a quarterly dividend of $0.32 per share and remains debt-free with $2.0 billion in available capital. Franco-Nevada is on track to meet full year guidance, supported by recent acquisitions, including royalties on two notable gold projects.
Franco-Nevada will release its third quarter 2022 results on November 7 before market open. A conference call and webcast will follow at 10:00 am ET on the same day. Investors can participate via a toll-free dial-in number or through the webcast link. A replay of the call will be available until November 14, using specified toll-free numbers with a passcode.
Franco-Nevada reported record financial results for Q2 and H1 2022, benefiting from strong performance in its Energy assets. Revenue reached $691.1 million, a 5% increase, with net income climbing 9% to $378.5 million. The company remains debt-free with $1.9 billion in available capital. Precious metals sales decreased by 11%, attributed mostly to lower gold and silver production. The firm is committed to ESG principles and has initiated a $1 million community support program related to the Tocantinzinho project. A quarterly dividend of $0.32 per share will be paid on September 29, 2022.
Franco-Nevada Corporation (NYSE: FNV) announced a $352.5 million financing package to support G Mining Ventures Corp. in developing the Tocantinzinho gold project in Brazil. This includes a $250 million gold stream agreement and a $75 million secured term loan. The project is expected to yield approximately 24,500 gold equivalent ounces (GEOs) annually in its first five years with first production slated for late 2024. Franco-Nevada holds strong cash reserves, positioning it well for this investment.
Franco-Nevada will release its second quarter 2022 results on August 10 after market close. A conference call and webcast are scheduled for August 11 at 10:00 am ET. Investors can dial in using toll-free number 1-800-289-0720 or international number 647-484-0258. Replay of the call will be available until August 18 with a pass code of 5679385 #. For more information, visit www.franco-nevada.com.
Franco-Nevada Corporation announced the election results of its board of directors at the 2022 Annual and Special Meeting of Shareholders, held on May 5, 2022. All nominees listed in the management proxy circular were successfully elected, with votes for each nominee exceeding 90%. Notable results include David Harquail receiving 95.54% of votes for his re-election, while Elliott Pew garnered 99.84%, reflecting strong shareholder support. Franco-Nevada, trading under the symbol FNV, is recognized as a leading gold-focused royalty and streaming company with a diversified portfolio and a debt-free status.
Franco-Nevada reported Q1 2022 results with revenues of $338.8 million, a 10% increase year-over-year. Net income reached $182 million, or $0.95/share. The company remains debt-free, boasting $1.7 billion in available capital. Despite lower precious metal deliveries, strong contributions from energy and diversified assets helped offset declines. The board declared a quarterly dividend of $0.32/share. Recent acquisitions include a royalty on the Caserones copper-molybdenum mine for $37.4 million.
Franco-Nevada has announced it will release its first quarter 2022 results on May 4th after market close. The associated conference call and webcast are scheduled for May 5th at 10:00 am ET. Investors can participate in the call by dialing the toll-free number 1-888-390-0546 or the international number 416-764-8688. A replay will be available until May 12th. For more details, visit www.franco-nevada.com.
Franco-Nevada Corporation has filed its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion and Analysis for the year ended December 31, 2021, with Canadian securities regulators and the U.S. SEC. Shareholders can request free copies of these documents. Additionally, a Virtual Investor Day is scheduled for April 14, 2022, from 10:00 am ET to 12:00 pm ET, during which the company will discuss its assets and release the 2022 Asset Handbook and ESG Report. Franco-Nevada is known for its diversified gold-focused portfolio and operates debt-free.
Franco-Nevada reported record financial results for 2021, with total revenue of $1.3 billion, a 27% increase year-over-year. Net income surged 125% to $733.7 million ($3.84/share). The growth was driven by strong contributions from Cobre Panama and Antamina, along with a doubling of energy revenues due to high prices. Despite projecting slightly lower GEOs in 2022, the company remains debt-free and boasts $1.6 billion in available capital.
Franco-Nevada is committed to ESG initiatives and aims for 40% diverse representation in leadership by 2025.
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