Record earnings margin and strong organic growth TORONTO, Nov. 4, 2020 /CNW/ - Franco-Nevada delivered record revenue, EBITDA and net earnings in the third quarter with all material Mining assets having returned to normal operations through the quarter. The Company continued to lead its royalty and streaming peers with the highest EBITDA margins and, in particular, with a record earnings margin of 55% in the quarter. "It [...]
Third Quarter Results Release: November 4th after market close Conference Call and Webcast: November 5th 10:00 am ET Dial–in Numbers: Toll–Free: 1–888–390–0546 International: 416–764–8688 Webcast: www.franco–nevada.com Replay : Toll–Free: 1–888–390–0541 International: 416–764–8677 Pass code: 064744 # SOURCE Franco-Nevada Corp. Contact please go to our website at www.franco-nevada.com or contact: Candida Hayden, Corporate [...]
Assets returning to normal operations Franco-Nevada's diversified portfolio performed well despite the impact of COVID-19 during the quarter. "We recognise the efforts of our operators and their related communities during this difficult period", stated Paul Brink, CEO. "Of our original 56 cash generating mining assets, 15 experienced some form of temporary curtailment in Q2. All except Golden Highway have since resumed [...]
Second Quarter Results Release: August 5th after market close Conference Call and Webcast: August 6th 10:00 am ET Dial–in Numbers: Toll–Free: 1–888–390–0546 International: 416–764–8688 Webcast: www.franco–nevada.com Replay : Toll–Free: 1–888–390–0541 International: 416–764–8677 Pass code: 213924 # SOURCE Franco-Nevada Corp. Contact please go to our website at www.franco-nevada.com or contact: Candida Hayden, Corporate [...]
Alpala Royalty Acquisition The Corporation today entered into an agreement with SolGold plc to acquire a 1% net smelter royalty with reference to all minerals produced from the Alpala copper-gold project in northern Ecuador for $100 million. The Alpala project is owned by Exploraciones Novomining SA, which is held 85% by SolGold and 15% by Cornerstone Capital Resources Inc. The NSR will cover the 4,979 hectare Cascabel [...]
Franco-Nevada Corp. announced that the nominees listed in the management proxy circular for the 2020 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 Toronto are set out below. Nominee Votes For % For Votes Withheld % Withheld David Harquail 136,237,484 94.77% 7,515,373 5.23% Paul [...]
Dividend Increased for 13th Consecutive Year David Harquail appointed Chair Paul Brink appointed CEO "Franco-Nevada's diversified portfolio performed very well in the first quarter adding strong free cash flow to our debt-free balance sheet," stated David Harquail, CEO. "Going forward, we are seeing COVID-19 related production curtailments to a portion of our mining portfolio which will temporarily defer some of our [...]
Franco-Nevada Corp. notes that the location of its upcoming annual meeting of shareholders has been changed to its corporate head office at 199 Bay Street, Suite 2000, Commerce Court West, Toronto, Ontario as the original meeting venue, the TMX Broadcast Centre, is no longer available due to the COVID-19 pandemic. The Meeting will be available through a live webcast and teleconference. Franco-Nevada is strongly [...]
Franco-Nevada supports measures to address the COVID-19 pandemic and it is now into its fourth week of having its employees work remotely. There are no known cases in the Company. Franco-Nevada has a very small organization and the transition to working remotely is working well. The business development team has also developed work-arounds for various due diligence processes. Franco-Nevada is also closely monitoring the [...]
Franco-Nevada Corp. announced that its Annual Information Form, Consolidated Annual Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2019 have been filed with Canadian securities regulatory authorities. Franco-Nevada has also filed its Form 40-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. Copies of these documents may be obtained via [...]
Growing free cash flow and strong outlook "I am pleased that Franco-Nevada is reporting its best results ever," stated David Harquail, CEO. "Record quarterly and annual results were achieved across all our important sales and financial metrics. Results benefited from the start of precious metals deliveries from Cobre Panama, strong production at other key assets and higher precious metals prices. Thanks to our [...]
Franco-Nevada Corp. is pleased to announce that its Board of Directors has declared a quarterly dividend of US$0.25 per share. The dividend will be paid on March 26, 2020 to shareholders of record on March 12, 2020 . The Canadian dollar equivalent is to be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who receive [...]
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