Franco Nevada Stock Price, News & Analysis

Franco-Nevada Corporation (TSX: FNV, NYSE: FNV) announced updates regarding its partner First Quantum Minerals Ltd. and the Cobre Panama mine. Formal discussions with the Government of Panama resumed on December 26. While First Quantum's subsidiary, Minera Panama, S.A., is preparing a plan for maintenance, operations at Cobre Panama remain unaffected. As a precaution, First Quantum and MPSA have initiated domestic legal proceedings and international arbitration.

Franco-Nevada Corporation (FNV) announced that the Government of Panama has directed various ministries to prepare for a potential suspension of operations at the Cobre Panama project. The company is in communication with its partner, First Quantum Minerals Ltd., regarding the situation and will provide updates as necessary. This development could have significant implications for the company's operations and revenue from the Cobre Panama project, which is a critical asset for Franco-Nevada.

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.