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Franco-Nevada -4% following Q4 earnings miss

Published 03/08/2018, 11:10 AM
© Reuters.  Franco-Nevada -4% following Q4 earnings miss
  • Franco-Nevada (FNV -4.6%) is sharply lower after failing to meet analyst expectations for Q4 earnings and revenues, although it says it achieved a new sales record of 497.7K gold equiv. oz., a 7.2% Y/Y increase.
  • For FY 2018, FNV expects attributable royalty and stream production to total 460K-490K gold equiv. oz. from its mineral assets, including 310K-330K gold equiv. oz. from its various stream agreements with no GEOs assumed from Cobre Panama.
  • In its five-year outlook, FNV expects its existing portfolio to generate 565K-595K gold equiv. oz. by 2022; during 2019-21, scheduled fixed ounce payments from Midas/Fire Creek, Karma and Sabodala are expected to step down to longer-term royalty payments or stream deliveries.
  • Now read: Gold Mining Bull: Top News And Month In Review


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