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 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.
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, 2020, with Canadian securities regulators and the U.S. SEC. Shareholders can request copies free of charge. A Virtual Analyst Day is scheduled for April 15, 2021, from 10:00 am to 12:00 pm ET, where the management will review assets and unveil the 2021 Asset Handbook and ESG Report. Franco-Nevada is a leading gold-focused royalty and streaming company, trading under FNV.
Franco-Nevada announced robust growth prospects following the acquisition of a precious metals stream from the Condestable mine and a natural gas royalty portfolio in Texas. The company reported record financial results for 2020, driven by strong commodity prices and cash flow exceeding $800 million. A notable development is the increase in the quarterly dividend to $0.30 per share, representing a 15.4% rise and marking the 14th consecutive annual increase. The company aims for a minimum of 40% diverse representation in leadership roles by 2025.
Franco-Nevada Corporation has declared a quarterly dividend of US$0.26 per share, payable on March 25, 2021, to shareholders of record by March 11, 2021. The Canadian dollar equivalent will be based on the Bank of Canada's rate on the Record Date. The company offers a Dividend Reinvestment Plan (DRIP) allowing purchases at a 3% discount to the Average Market Price. Upcoming 2020 results will be released on March 10, 2021, followed by a conference call on March 11, 2021.
Franco-Nevada reported record revenue of $279.8 million and net income of $153.9 million in Q3 2020, marking increases of 19% and 51% year-over-year, respectively. The company's EBITDA margin reached a record 55%. With 134,817 Gold Equivalent Ounces sold, Franco-Nevada added 25 new royalties, raising its total mining assets to 316. The company anticipates being near the high end of its 2020 guidance of 475,000 to 505,000 GEOs, contingent on resolving a strike at Candelaria.
Franco-Nevada reported strong Q2 2020 results with 104,330 Gold Equivalent Ounces (GEOs) sold, generating $195.4 million in revenue and $94.4 million in net income ($0.50 per share). The company's diversified portfolio resumed operations post-COVID-19, with 53 out of 56 cash-generating assets active. Despite a 3.2% decrease in GEOs sold compared to Q2 2019, the firm remains optimistic due to stable gold prices and growth from over 240 exploration royalties. Franco-Nevada is debt-free, has a growing cash balance, and has declared a quarterly dividend of $0.26 per share.
Franco-Nevada Corporation will release its Second Quarter Results on August 5 after market close. This will be followed by a Conference Call and Webcast on August 6 at 10:00 am ET. Interested parties can join the call using the toll-free number 1-888-390-0546 or the international number 416-764-8688. A replay of the conference will be available until August 13.
For more information, visit www.franco-nevada.com.
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