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Franco-Nevada Corporation (T:FNV)

Business Focus: Gold (NEC)

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 199 Bay Street
Suite 2000, Commerce Court West
TORONTO ON M5L 1G9
Tel: N/A
Website: https://www.franco-nevada.com
IR: See website
Key People
Paul J. Brink
President, Chief Executive Officer, Director
Sandip Rana
Chief Financial Officer
Eaun Gray
Senior Vice President - Business Development
Jason O'connell
Senior Vice President - Diversified
Lloyd Hyunsoo Hong
Chief Legal Officer and Corporate Secretary
 
Business Overview
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).
Financial Overview
For the fiscal year ended 31 December 2023, Franco-Nevada Corp revenues decreased 7% to $1.22B. Net loss totaled $466.4M vs. income of $700.6M. Revenues reflect Energy segment decrease of 38% to $207.7M, United States segment decrease of 36% to $208M, Canada segment decrease of 14% to $177.1M. Net loss reflects Professional fee increase of 44% to $6.2M (expense), Foreign Exchange Gain/Loss decrease of 30% to $2.3M (income).
Employees: 40 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $28,618M as of Dec 31, 2023
Annual revenue (TTM): $1,654M as of Dec 31, 2023
EBITDA (TTM): $1,371M as of Dec 31, 2023
Net annual income (TTM): -$632.76M as of Dec 31, 2023
Free cash flow (TTM): $321.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 192,175,042 as of Mar 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization