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 operates as a gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing mining assets. The company generates revenue from royalties and streams rather than operating mines, developing projects, or conducting exploration.
Recurring updates cover quarterly and annual results, gold-equivalent-ounce sales, cash flow, dividends, portfolio acquisitions, and royalty financing transactions. Company news also addresses material asset developments across its portfolio, including Cobre Panamá, as well as investor presentations, asset handbook releases, sustainability reporting, and annual disclosure documents.
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.