Franco-Nevada(FNV)

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Franco-Nevada Reports Q3 2024 Results
Prnewswire· 2024-11-06 23:04
Initial Contributions from Tocantinzinho Stream(in U.S. dollars unless otherwise noted)TORONTO, Nov. 6, 2024 /PRNewswire/ - "Record gold prices generated higher revenues, Adjusted EBITDA and earnings in Q3 compared to Q2 2024," stated Paul Brink, CEO. "GEO sales were stable compared to Q2 although lower compared to Q3 2023 without the contribution from Cobre Panama. The quarter benefitted from contributions from the newly commissioned Tocantinzinho mine in Brazil, and increased contributions from royalties ...
Franco-Nevada To Release Third Quarter 2024 Results
Prnewswire· 2024-10-08 19:00
TORONTO, Oct. 8, 2024 /PRNewswire/ - Franco-Nevada Corporation announced today that it will report its third quarter 2024 results as follows: | --- | --- | |------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------| | | | | Third Quarter 2024 Results Release: Conference Call and Webcast: | November 6th after market close November 7th 8:00 am ET Toll-Free: 1-888-510-215 ...
Franco-Nevada Corporation: Trading At A Deep Discount To Fair Value
Seeking Alpha· 2024-09-27 12:46
Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following: Analyst's Disclosure: I/we have a beneficial long position in the shares of FNV, FNV:CA, IAUX, IAU:CA, BTG, BTO:CA, GOLD, ABX:CA either through stock ownership, options, or other derivatives. I wrote this article my ...
Franco-Nevada: Punished Too Much
Seeking Alpha· 2024-09-26 15:39
Franco-Nevada Corporation (NYSE: FNV ) is in a small handful of what I consider to be legendary companies that defined their industries. They invented the highly successful gold royalty/streaming business model, purchasing their first royalty back in 1986. They did not Analyst's Disclosure: I/we have a beneficial long position in the shares of FNV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for ...
Why Is Franco-Nevada (FNV) Up 3.8% Since Last Earnings Report?
ZACKS· 2024-09-12 16:30
A month has gone by since the last earnings report for Franco-Nevada (FNV) . Shares have added about 3.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Franco-Nevada due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Franco-Nevada Q2 Earnings Miss, Revenues Declin ...
Beyond The Obvious: 3 Dividend Stocks Changing The Game
Seeking Alpha· 2024-08-16 11:30
yorkfoto Introduction If there's one thing we discuss a lot, it's "the big picture," as I believe staying on top of major trends is key when it comes to improving the odds of making profitable investment decisions. This includes: Leading economic indicators, like manufacturing and services surveys. Consumer reports, including consumer sentiment and inflation expectations. Geopolitical developments like wars, major elections, and related events. Supply chain developments, including economic re-shoring and un ...
Franco-Nevada (FNV) Q2 Earnings Miss, Revenues Decline Y/Y
ZACKS· 2024-08-14 15:36
Franco-Nevada Corporation (FNV) reported adjusted earnings of 75 cents per share in second-quarter 2024, missing the Zacks Consensus Estimate of 78 cents. The bottom line decreased 21% year over year. The company generated revenues of $260 million in the reported quarter, down 21.2% year over year. The downside was driven by lower contributions from Antapaccay, Candelaria and Energy assets, partially offset by record gold prices. In the June-end quarter, 74.2% of revenues were sourced from Precious Metal as ...
Franco-Nevada(FNV) - 2024 Q2 - Earnings Call Transcript
2024-08-14 15:19
Financial Data and Key Metrics Changes - Q2 2024 revenues were $260.1 million, down from $329.9 million in Q2 2023, but up from $258.2 million when excluding Cobre Panama [7][8] - Adjusted EBITDA for Q2 2024 was $221.9 million, with adjusted net income at $144.9 million, translating to $0.75 per share [8][9] - Total GEOs sold in Q2 2024 were 110,264, compared to 168,515 in the prior year quarter [5][6] Business Line Data and Key Metrics Changes - Precious metal GEOs sold were 82,350 in Q2 2024, down from 95,383 in Q2 2023, representing approximately 75% of total GEOs [7][8] - Diversified GEOs sold were 27,914, down from over 36,000 in Q2 2023, while energy GEOs decreased to 22,100 from 28,683 [7][8] - The cash cost per GEO was $264 in Q2 2024, down from $280 in Q2 2023, indicating improved margins [10][11] Market Data and Key Metrics Changes - Gold and silver average prices were significantly higher in Q2 2024 compared to the prior year, while platinum and palladium prices were lower [8][9] - The company expects stronger production from Candelaria and Antapaccay in the second half of 2024, contributing to improved results [6][12] Company Strategy and Development Direction - The company has successfully added two long-life assets: a gold stream on SolGold's Cascabel project and a royalty on Newmont's Yanacocha operations [4][12] - The focus remains on precious metals, with a commitment to high-quality assets while remaining open to opportunities in other commodities [25][35] Management's Comments on Operating Environment and Future Outlook - Management noted that lower production at Candelaria and Antapaccay is a short-term issue, with expectations for a return to normal operations [3][6] - The company anticipates continued volatility in commodity prices but expects to benefit from rising gold prices in the future [8][11] Other Important Information - The company has $2.4 billion available as of June 30, 2024, and has amended its $1 billion unsecured revolving credit facility to extend its term to June 2029 [11][12] - A tax adjustment of $49.1 million was recorded due to changes in Barbados' corporate tax rate [9][10] Q&A Session Summary Question: Insights on the Yanacocha transaction and its appeal - Management sees great potential in Yanacocha due to its history as a significant producer and the immediate cash flow from existing oxide production [17][18] Question: Future opportunities for project financing type transactions - Management indicated that there are opportunities for both project financing and operating assets, with a rich deal environment currently [19] Question: Timing for increased royalty revenues from Haynesville - Management explained that low gas prices have impacted revenues, but they expect normalization as commodity prices rebound [20][21] Question: Internal rate of return for recent transactions - Management stated that the Yanacocha transaction offers reasonable returns with significant optionality, while SolGold's return is expected to be meaningfully higher [30][31] Question: Deal pipeline and royalty opportunities - Management confirmed a robust pipeline for both streams and royalties, with a focus on transactions in the $100 million to $300 million range [33][34]
Franco-Nevada(FNV) - 2024 Q2 - Quarterly Report
2024-08-13 22:21
Exhibit 99.3 Franco ✈ Nevada 2 0 2 4 SECOND QUARTER FINANCIAL STATEMENTS For the three and six months ended June 30, 2024 Franco-Nevada Corporation Condensed Consolidated Statements of Financial Position | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------|-------|--------------------|-------|--------------------------| | (unaudited, in millions of U.S. dollars) \nASSETS | | At June 30, 2024 | | At \nDecember 31, 2023 | | Cash and cash equivale ...
Franco-Nevada Reports Q2 2024 Results
Prnewswire· 2024-08-13 22:13
New Mine Start-ups and Acquisitions (in U.S. dollars unless otherwise noted) TORONTO, Aug. 13, 2024 /PRNewswire/ - "Franco-Nevada benefited from record gold prices in the quarter and realized higher revenues and cash from operations compared to Q1 2024," stated Paul Brink, CEO. "However, our year over year results were lower without the contribution from Cobre Panama and due to lower production at Candelaria and Antapaccay. Results for the second quarter include a catch-up of higher tax rates due to tax mea ...