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 Corporation has declared a quarterly dividend of US$0.32 per share, effective March 31, 2022, up 6.7% from the previous US$0.30. This increase marks the 15th consecutive annual increase for shareholders. Canadian IPO investors from December 2007 now enjoy a 10.7% yield. Beginning this year, the annual dividend review will occur earlier, ensuring any increases apply throughout the fiscal year.
Franco-Nevada reported a robust Q3 2021, with revenues reaching $972.3 million, up 36% year-over-year. The company increased its energy revenue guidance for 2021 to $195-$205 million, driven by higher oil and gas prices. YTD GEOs sold reached 462,926, a 24% increase. Net income rose 243% to $512.8 million or $2.68/share. Franco-Nevada remains debt-free with $1.6 billion in available capital. Its diversified portfolio continues to perform well, further supported by ESG initiatives.
Franco-Nevada announced the release date for its third quarter 2021 results, scheduled for November 3 after market close. A conference call is set for November 4 at 10:00 am ET, providing an opportunity for investors to discuss the results. Dial-in numbers include a toll-free option for North America and an international line. Replay details are available for those wishing to listen later, with access until November 11.
Franco-Nevada reported strong financial results for Q2 2021, with record revenue of $656 million, up 50% from Q2 2020. Adjusted EBITDA reached $290 million, marking an 83% increase. The company, which maintains a robust financial position with no debt and $197.7 million in cash, increased its GEO sales guidance for 2021 to 590,000 to 615,000 GEOs. Energy revenue guidance was also raised to $155-$170 million due to rising commodity prices. Franco-Nevada's diverse portfolio and strong growth prospects position it favorably in the market.
Franco-Nevada will announce its second quarter 2021 results on August 11 after market close. Following the release, the company will host a conference call and webcast on August 12 at 10:00 am ET.
Investors can join the call via toll-free or international numbers provided in the release. A replay of the call will be available until August 19, using the specified passcode.
Franco-Nevada Corporation announced the successful election of its board of directors during the 2021 Annual and Special Meeting of Shareholders, held via webcast. The nominees received significant support, with vote percentages ranging from 96.91% to 99.95% for the elected directors. Franco-Nevada, a leading gold-focused royalty and streaming company, leverages its diversified portfolio to optimize cash flow and minimize cost inflation risks. The company continues to pay dividends and expand its asset base, trading under the symbol FNV on both the Toronto and New York stock exchanges.
Franco-Nevada reported record revenues of $308.9 million and an 85% Adjusted EBITDA margin in Q1 2021, marking a 28% increase from Q1 2020. The company generated a net income of $171.5 million, a 274% rise year-over-year. Key contributors included Antamina and Cobre Panama, along with a recovery in energy prices. The acquisition of Vale Royalty Debentures and Labrador Iron Ore Royalty further diversified its asset base. Franco-Nevada projects a 25% revenue growth over five years and increased its quarterly dividend by 15.4% to $0.30 per share.
Franco-Nevada acquired 14.7% of Vale's outstanding Participating Debentures from BNDES and the Government of Brazil for $538 million. This transaction grants royalty exposure to Vale's major iron ore mines with a life of up to 30 years and a potential 60% increase in production capacity by 2026, resulting in an expected 8% yield. Additionally, Franco-Nevada holds a 9.9% stake in Labrador Iron Ore Royalty Corporation, expected to yield 27% cash flow. The company revised its 2021 guidance, increasing projected sales to 580,000-615,000 GEOs.
Franco-Nevada Virtual Analyst Day Update
Franco-Nevada has rescheduled its Virtual Analyst Day to April 19, 2021, from 10:00 am ET to 12:00 pm ET. The event will cover the company's assets and launch its 2021 Asset Handbook and 2021 Environmental, Social and Governance Report. Additionally, the company will release its Q1 2021 Results on May 5, 2021, with a conference call on May 6, 2021. Franco-Nevada remains debt-free and focuses on expanding its asset portfolio while paying dividends, trading under the symbol FNV.
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