Franco-Nevada Reports Strong Q1 Results
Record Revenues and High Margins
“Franco-Nevada’s (TSX/NYSE: FNV) diversified portfolio outperformed in the first quarter generating record revenues and an 85% Adjusted EBITDA Margin,” stated Paul Brink, President and CEO. “Antamina, Cobre Panama, and Hemlo made strong contributions along with our Energy assets that benefitted from a recovery in prices. We were delighted, post quarter-end, to acquire the Vale Royalty Debentures that, along with our Labrador Iron Ore Royalty Company investment, add to our base of low-risk long- life cash flow. The transaction adds to the diversity of our portfolio while it remains more than 80% precious metals focused.
Following the acquisition, we have revised our guidance and outlook and now expect 25% growth in revenue over the next five years. Our primary focus is on adding further precious metal assets to the portfolio.”
About Franco-Nevada Corporation
Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada uses its free cash flow to expand its portfolio and pay dividends.
For the Q1 Portfolio Updates and full release Click Here.
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