Franco-Nevada(FNV)

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Franco-Nevada Announces Election of Directors
Prnewswire· 2025-05-09 15:45
TORONTO, May 9, 2025 /PRNewswire/ - Franco-Nevada Corporation announced that the nominees listed in the management proxy circular for the 2025 Annual and Special Meeting of Shareholders were elected as directors of the Corporation. Detailed results of the vote for the election of directors held at the Annual Meeting yesterday in person and by webcast are set out below. Nominee Votes For % For Votes Against % Against David Harquail 148,559,616 97.47 % 3,861,770 2.53 % Paul Brin ...
Franco-Nevada Reports Record Q1 2025 Results
Prnewswire· 2025-05-08 21:30
Portfolio Outperforms(in U.S. dollars unless otherwise noted)TORONTO, May 8, 2025 /PRNewswire/ - "Franco-Nevada is reporting its best financial results ever," stated Paul Brink, CEO. "We achieved record quarterly top and bottom-line results, absent any contributions from Cobre Panama. Results benefited from elevated gold prices, added leverage through our NPI interests, and strong production from our Energy interests. We are looking forward to added contributions through the year from the ongoing ramp-up an ...
Franco-Nevada Launches 2025 Asset Handbook and Sustainability Report
Prnewswire· 2025-05-02 18:00
(in U.S. dollars unless otherwise noted)TORONTO, May 2, 2025 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX: FNV) (NYSE: FNV) announces the publication of its 2025 Asset Handbook and 2025 Sustainability Report. " Our Asset Handbook is a comprehensive review of our assets that highlights the breadth and diversity of our portfolio and the tremendous exposure we have to the resource optionality of many of the world's best mineral trends," said Paul Brink, President & CEO. "We ...
Franco-Nevada (FNV) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-04-28 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Franco-Nevada to Release First Quarter 2025 Results
Prnewswire· 2025-04-14 19:00
Conference Call URL (This allows participants to join the conference call by phone without operator assistance. Participants will receive an automated call back after entering their name and phone number): bit.ly/4lqT50E ...
Why Is Franco-Nevada (FNV) Down 1.9% Since Last Earnings Report?
ZACKS· 2025-04-09 16:30
It has been about a month since the last earnings report for Franco-Nevada (FNV) . Shares have lost about 1.9% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Franco-Nevada due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It t ...
Franco-Nevada Files Year-End Disclosure Documents
Prnewswire· 2025-03-20 21:53
Corporate Summary - Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the most diversified portfolio of cash-flow producing assets [3] - The company's business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation [3] - Franco-Nevada is debt-free and utilizes its free cash flow to expand its portfolio and pay dividends [3] - The company trades under the symbol FNV on both the Toronto and New York stock exchanges [3] Financial Filings - Franco-Nevada announced the filing of its Annual Information Form, Consolidated Annual Financial Statements, and Management's Discussion and Analysis for the year ended December 31, 2024 [1] - The company has also filed its Form 40-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission [1] - Copies of these documents can be obtained via www.sedarplus.com or www.sec.gov [1]
Franco-Nevada Tops Q4 Earnings Estimates, Hits New 52-Week High
ZACKS· 2025-03-11 17:20
Core Viewpoint - Franco-Nevada Corporation (FNV) achieved a new 52-week high of $148.02 following year-over-year growth in both revenue and earnings in its fourth-quarter 2024 results, although it closed lower at $143.61 [1] Financial Performance - FNV reported adjusted earnings of 95 cents per share for the third quarter of 2024, surpassing the Zacks Consensus Estimate of 89 cents, reflecting a 6% year-over-year increase [1] - The company generated revenues of $321 million in the reported quarter, marking a 6% year-over-year increase, driven by record gold prices and strong production from Candelaria [2] - Adjusted EBITDA rose 8.6% year over year to $277 million, with an adjusted EBITDA margin of 86.4%, up from 83.9% in the prior-year quarter [3] Production and Sales - FNV sold 95,565 Gold Equivalent Ounces (GEOs) from Precious Metal assets in the reported quarter, a decrease of 20.1% from the prior-year quarter [3] - For 2024, FNV reported total GEOs of 463,334 and expects GEOs between 465,000 and 525,000 in 2025, indicating a 7% increase at the midpoint from 2024 [6] Cash Position and Guidance - At the end of 2024, FNV had $1.45 billion in cash, an increase from $1.42 billion at the end of 2023, with an operating cash flow of $829.5 million, down from $991 million in 2023 [4] - The company is debt-free and plans to use its free cash flow for portfolio expansion and dividend payouts, with available capital of $2.4 billion [4] - FNV's 2024 adjusted earnings per share were $3.21, down from $3.56 in the prior year, but beat the Zacks Consensus Estimate of $3.09 [5] - Revenues for 2024 decreased by 9% year over year to $1.11 billion, aligning with the Zacks Consensus Estimate [5] - FNV anticipates 2025 revenues to be 25% higher than the 2024 actual [6] Stock Performance - FNV's shares have increased by 27.7% over the past year, compared to the industry's growth of 38.8% [7]
Franco-Nevada(FNV) - 2024 Q4 - Earnings Call Transcript
2025-03-10 17:55
Financial Data and Key Metrics Changes - The company reported a strong fourth quarter with total GEO sales of 463,334, near the top end of the revised guidance range of 445,000 to 465,000 GEOs for 2024 [19][20] - Total revenue for Q4 2024 was $321 million, a 5.8% increase from $303.3 million in Q4 2023 [24] - Adjusted EBITDA for Q4 2024 was $277.4 million, up 9% from $254.6 million in Q4 2023 [24][28] - Adjusted net income for Q4 2024 was $183.3 million, or $0.95 per share, representing a 6% increase year-over-year [28] Business Line Data and Key Metrics Changes - Precious metal GEOs sold in Q4 2024 were 95,565, a 5% increase compared to the prior year when excluding Cobre Panama [22] - The diversified assets contributed just over 108,000 GEOs sold for the year, with revenue from these assets in line with expectations [21] - Candelaria delivered 26,891 GEOs for Q4 2024, almost 70% higher than the prior year and twice as many as Q3 2024 [23] Market Data and Key Metrics Changes - Gold prices increased by 34.7% in Q4 2024 and 22.9% for the full year [18] - The average cash cost per GEO for the full year 2024 was $278, down from $286 in 2023 [30] - The company expects a 25% increase in 2025 revenue over 2024, based on budgeted gold prices [35] Company Strategy and Development Direction - The company aims to continue its business development activities, having completed over $1.3 billion in acquisitions and commitments during 2024 [9] - New contributions from recent acquisitions and organic growth are expected to drive growth in the medium-term production profile [12] - The company is optimistic about developments in Panama, with indications of a willingness to discuss corporate matters [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance of the gold mining industry despite market volatility [95] - The company anticipates a stronger second half of 2025, with better performance expected as the year progresses [36] - Management highlighted the importance of maintaining a strong balance sheet to support future acquisitions [41] Other Important Information - The company has a substantial cash balance and no debt, allowing for continued dividend increases [14] - Legal proceedings related to Cobre Panama are expected to incur annual costs of approximately $10 million [40] Q&A Session Summary Question: Comments on Cobre Panama and arbitration - Management confirmed that separate arbitration processes exist and can be put on hold for a fixed timeframe if needed [45] - The company believes the previous deal was favorable for Panama, and any changes in ownership would not affect the stream calculation [50] Question: Delivery timing for Sibanye-Stillwater South African PGM Stream - The first delivery related to 2024 production will occur in Q1, while the delivery for 2025 production will be in Q2 due to a 45-day delay [54] Question: Guidance for 2028 and 2029 - The drop in GEOs for 2029 is primarily due to the mine plan for Guadalupe and Palmarejo, with expectations of a 50% drop in production [105] Question: Energy division contribution to guidance - The energy division is expected to contribute around 16% to 17% of GEOs by 2029 [131] Question: Potential M&A opportunities - The company remains focused on precious metals for M&A opportunities, with a mix of potential deals in the $300 million to $500 million range [148]
Franco-Nevada(FNV) - 2024 Q4 - Earnings Call Presentation
2025-03-10 14:33
2024 R E S U L T S P R E S E N T A T I O N 2 F O R W A R D - L O O K I N G S T A T E M E N T S This presentation contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to future events or future performance, management's expectations regarding Franco-Nevada's growth, results of opera ...