Franco-Nevada Reports Q3 2023 Results

TORONTO, Nov. 8, 2023

Precious Metal Assets Performed Well

TORONTO, Nov. 8, 2023 /PRNewswire/ - "Our core precious metal assets anchored the quarter, resulting in increased revenue and earnings over the prior year period," stated Paul Brink, CEO. We are looking forward to added precious metal contributions from a number of new mines in 2024 and, in particular, from the Tocantinzinho stream where G Mining Ventures is progressing construction on time and budget. Franco-Nevada is debt-free and is growing its cash balances."

The Panamanian National Assembly approved the revised Cobre Panama concession agreement in October 2023. In response to protests that followed the approval, the Government proposed but did not proceed with a popular consultation on the revised concession contract. The Panamanian Supreme Court is, however, considering a number of lawsuits challenging the constitutionality of the law pertaining to the contract. Production at the Cobre Panama mine has not been impacted and we, along with the operator, First Quantum, are closely monitoring the unfolding situation.

				Q3 2023					YTD 2023
		Q3 results ARIVA.DE Börsen-Geflüster Kurse Franco-Nevada 125,90 $ 0,00%		vs			YTD results		vs
				Q3 2022					YTD 2022
Total GEOs1 sold (including Energy)		160,848 GEOs		-9 %			474,694 GEOs		-13 %
Precious Metal GEOs1 sold		125,337 GEOs		+4 %			368,608 GEOs		-3 %
Revenue		$309.5 million		+2 %			$915.7 million		-8 %
Net income		$175.1 million ($0.91/share)		+11 %			$516.1 million ($2.69/share)		-4 %
Adjusted Net Income2		$175.1 million ($0.91/share)		+10 %			$510.2 million ($2.66/share)		-4 %
Adjusted EBITDA2		$255.1 million ($1.33/share)		-1 %			$760.1 million ($3.96/share)		-10 %
Adjusted EBITDA Margin2		82.4 %		-2.4 %			83.0 %		-2.1 %

 Strong Financial Position

• No debt and $2.3 billion in available capital as at September 30, 2023
• Generated $236.0 million in operating cash flow during the quarter
• 16 consecutive annual dividend increases. Quarterly dividend of $0.34/share

Sector-Leading ESG

• Global 50 Top Rated and #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
• Committed to the World Gold Council's Responsible Gold Mining Principles
• Partnering with our operators on community and ESG initiatives
• Goal of 40% diverse representation at the Board and top leadership levels as a group by 2025

Diverse, Long-Life Portfolio

• Most diverse royalty and streaming portfolio by asset, operator and country
• Core precious metal streams on world-class copper assets outperforming acquisition expectations
• Long-life reserves and resources

Growth and Optionality

• Mine expansions and new mines driving 5-year growth profile
• Long-term optionality in gold, copper and nickel and exposure to some of the world's great mineral endowments
• Strong pipeline of precious metal and diversified opportunities

Quarterly revenue and GEOs sold by commodity
		Q3 2023					Q3 2022
		GEOs Sold		Revenue			GEOs Sold		Revenue
		#		(in millions)			#		(in millions)
PRECIOUS METALS
Gold		103,641		$	199.5		96,628		$	166.6
Silver		16,526			31.6		17,883			30.3
PGM		5,170			9.7		6,031			9.8
		125,337		$	240.8		120,542		$	206.7
DIVERSIFIED
Iron ore		6,619		$	12.8		6,311		$	10.8
Other mining assets		1,677			3.2		1,574 Werbung Mehr Nachrichten zur Franco-Nevada Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 13.05.24 - PR Newswire Commerzbank AG - Post-stabilisation 13.05.24 - PR Newswire WeCap Plc - Holding(s) in Company 13.05.24 - PR Newswire Invesco Select Trust Plc - Holding(s) in Company Jackpot-Aktie    +42,58% in 5 Tagen – das sind die Gründe weiterlesen» Anzeige wo-site-teaser-box-16927_site-teaser-box_2024-05-13_08%253A00%253A00_2024-05-14_09%253A00%253A59