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 (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 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.
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.
FAQ
What is the current stock price of Franco Nevada (FNV)?
What is the market cap of Franco Nevada (FNV)?
What does Franco-Nevada Corporation do?
Where are Franco-Nevada's primary assets located?
How does Franco-Nevada generate revenue?
Is Franco-Nevada financially stable?
What are the latest achievements of Franco-Nevada?
Does Franco-Nevada engage in mining operations?
What is the Dividend Reinvestment Plan (DRIP) offered by Franco-Nevada?
What are Franco-Nevada's ESG initiatives?
What challenges does Franco-Nevada face with the Cobre Panama mine?
On which stock exchanges does Franco-Nevada trade?
