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Franco-Nevada Corporation - FNV STOCK NEWS

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.

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Franco-Nevada (FNV) has announced the release date for its second quarter 2024 financial results. The company will report its Q2 2024 results on August 13, 2024, after market close. A conference call and webcast to discuss the results are scheduled for August 14, 2024, at 8:00 am ET. Investors and analysts can participate via toll-free and international dial-in numbers or through a webcast available on the company's website. A replay of the call will be accessible until August 21, 2024. This announcement provides transparency and allows stakeholders to prepare for the upcoming financial disclosure.

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Franco-Nevada (TSX: FNV) (NYSE: FNV) has announced that its subsidiary, Franco-Nevada (Barbados) (FNB), has acquired a gold stream from SolGold plc's Cascabel copper-gold project in Ecuador. FNB has partnered with Osisko Gold Royalties 's subsidiary on a 70%/30% basis, providing a total of $750 million in funding. The deal includes $100 million in pre-construction funding and $650 million for construction.

Key points:

  • FNB will contribute $525 million, while Osisko will provide $225 million
  • The stream is expected to average approximately 50,000 GEOs per year for FNB over the first 10 years of full production
  • Cascabel is one of the largest copper-gold development projects globally
  • The transaction includes structural protections and exploration potential
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Franco-Nevada announced the election of directors at the 2024 Annual Meeting, with detailed voting results provided. The company is a leading gold-focused royalty and streaming firm, offering a diversified asset portfolio and operating debt-free. Franco-Nevada trades under the symbol FNV on the Toronto and New York stock exchanges.

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Franco-Nevada reported Q1 2024 results with a focus on margin expansion fueled by elevated gold prices. The company saw high margins, no debt, and $2.3B in available capital. Despite a decline in total GEOs sold and revenue from Q1 2023, the company remains optimistic about upcoming production from new mines like Salares Norte and Greenstone. Strong financial position and commitment to ESG initiatives reinforce Franco-Nevada's leading position in the industry.

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Franco-Nevada will release its first quarter 2024 results on May 1st after market close, with a conference call and webcast scheduled for May 2nd at 10:00 am ET. Participants can join the conference call via dial-in numbers or through the provided URL. A replay will be available until May 9th.
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Franco-Nevada announces the publication of its 2024 ESG Report and 2024 Asset Handbook, highlighting achievements in ESG leadership, community contributions, governance, diversity, climate action, and transparency. The Asset Handbook showcases the company's growth, diversified portfolio, strong outlook, and financial stability. Franco-Nevada management will discuss these reports during the Virtual Investor Day webcast.
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Franco-Nevada has filed its year-end disclosure documents with Canadian and U.S. regulatory authorities. The company will host a Virtual Investor Day to review its assets and release the 2024 Asset Handbook and ESG Report. Franco-Nevada is a leading gold-focused royalty and streaming company with a diversified portfolio, debt-free status, and strong cash flow.
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Franco-Nevada remains financially strong despite the production halt at Cobre Panama. The company reported no debt and $1.4 billion in cash and cash equivalents at the end of 2023. Despite challenges at Cobre Panama, the business is resilient and poised for growth with new mine projects. However, the company recognized significant impairment losses due to the production halt, impacting financial results.
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Franco-Nevada Corporation has increased its quarterly dividend by 5.88% to US$0.36 per share, marking the 17th consecutive annual increase. The company will report its 2023 year-end results on March 5th and hold a conference call on March 6th. The dividend has been declared in U.S. dollars, and the Canadian dollar equivalent will be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets.
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Franco-Nevada Corporation (FNV) notes that its partner, First Quantum Minerals Ltd., provided an update on the responsible environmental stewardship of the Cobre Panama mine site. Both companies intend to pursue legal avenues to protect their investments and rights.
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FAQ

What does Franco-Nevada Corporation do?

Franco-Nevada Corporation is a gold-focused royalty and streaming company that generates revenue primarily through royalties and streams from precious metals, such as gold, silver, and platinum.

Where are Franco-Nevada's primary assets located?

Franco-Nevada's primary assets are mainly located in the U.S., Canada, and Australia.

How does Franco-Nevada generate revenue?

Franco-Nevada generates revenue from its diversified portfolio of royalty and streaming assets, primarily in gold, silver, and platinum, as well as oil & gas interests.

Is Franco-Nevada financially stable?

Yes, Franco-Nevada is known for its strong financial position. The company is debt-free and continues to grow its cash balances while regularly paying dividends.

What are the latest achievements of Franco-Nevada?

In Q3 2023, Franco-Nevada reported revenues of $309.5 million, up 1.7% from Q3 2022. The company saw increased contributions from its precious metal assets and higher gold prices.

Does Franco-Nevada engage in mining operations?

No, Franco-Nevada does not operate mines, develop projects, or conduct exploration. It focuses on royalties and streams from existing operations.

What is the Dividend Reinvestment Plan (DRIP) offered by Franco-Nevada?

Franco-Nevada's DRIP allows shareholders to reinvest dividends to purchase additional common shares at a slight discount from the Average Market Price. Participation in the DRIP is optional.

What are Franco-Nevada's ESG initiatives?

Franco-Nevada ranks highly with leading ESG rating agencies and has expanded its diversity scholarship programs. The company supports various industry initiatives and community contributions.

What challenges does Franco-Nevada face with the Cobre Panama mine?

The Cobre Panama mine faces legal challenges and public scrutiny related to the revised mining concession contract. However, production has remained uninterrupted, and Franco-Nevada is closely monitoring the situation.

On which stock exchanges does Franco-Nevada trade?

Franco-Nevada trades under the symbol FNV on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE).

Franco-Nevada Corporation

NYSE:FNV

FNV Rankings

FNV Stock Data

23.89B
192.31M
0.69%
82.6%
1.77%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto