Franco-Nevada Corporation ( (FNV) ) has released its Q3 earnings. Here is a breakdown of the information Franco-Nevada Corporation presented to its investors.
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Franco-Nevada Corporation is a leading gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets, primarily in the gold and precious metals sector, and operates with no debt while maintaining a strong balance sheet. In its Q3 2024 earnings report, Franco-Nevada highlighted record revenues and earnings driven by high gold prices, despite a decline in GEO sales compared to the previous year, mainly due to the absence of contributions from Cobre Panama. The company reported $275.7 million in revenue, a 10.9% decrease from Q3 2023, but a 14% increase excluding Cobre Panama. Notable performances came from new contributions like the Tocantinzinho mine and other investments. Franco-Nevada remains financially robust with $1.3 billion in cash and no debt, and it declared a quarterly dividend of $0.36 per share. Looking ahead, the company is adjusting its guidance for 2024 due to revised production expectations and continues to explore growth through strategic acquisitions and new streams and royalties.
