Franco-Nevada Corp T.FNV

Alternate Symbol(s): FNV

Metals & Mining Gold

Franco-Nevada Corporation is a Canada-based gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. The Company's business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. The Company is debt-free and uses its free cash flow to expand its portfolio and pay dividends. Its segments include Mining and Energy. The Company owns a portfolio of royalty, stream and working interests, covering properties at various stages, from production to early exploration located in South America, Central America and Mexico, United States, Canada, Australia, Europe and Africa. It invests in various commodities, including gold, silver, platinum group metals (PGM), iron ore, other mining assets, oil, gas and natural gas liquids (NGL). Its portfolio consists of approximately 419 assets covering 66,000 square kilometers (km2).

TSX:FNV - Post by User

Franco-Nevada Corp

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Post by strannickon Nov 09, 2011 1:10am

537 Views

Post# 19221129

FNV best quarter ever, revenue up over 100%

Franco-Nevada Corporation (FNV.TO: News , FNV) reported that its third-quarter net income increased to $44.1 million from $8.1 million last year. Basic earnings per share was
.35 compared to
.07 prior year.

Adjusted net income increased to $39.8 million or
.31 per share from $13.8 million or
.12 per share last year.

Revenue increased to $113.3 million from $55.0 million last year.

Gotta like the earnings per share up 5X over 2010 Q3, with more royalties onboard, and Prosperity maybe passing its Federal Environmental Assesment. LIked how the minister said the govt would prioritize jobs and the economy.

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