Franco-Nevada ( (TSE:FNV) ) has provided an announcement.
In 2024, Franco-Nevada Corporation experienced strong financial performance, with significant revenue and cash flow growth despite challenges such as the closure of the Cobre Panama mine. The company achieved an 85% Adjusted EBITDA Margin and a 56% Adjusted Net Income Margin, driven by high gold prices and strategic investments in new gold mines. Franco-Nevada made over $1.3 billion in new investments, including projects in Ecuador, Peru, and South Africa, and maintained a strong balance sheet with no debt and $1.9 billion in available capital. The company anticipates approximately 7% growth in 2025, supported by contributions from new mines and acquisitions, and sees potential upside from a possible restart of operations at Cobre Panama.
More about Franco-Nevada
Franco-Nevada Corporation is a leading gold-focused royalty and streaming company. It operates in the precious metals industry, primarily dealing with gold, and focuses on generating high-margin cash flows through its diverse portfolio of royalties and streams.
YTD Price Performance: 34.33%
Average Trading Volume: 750,449
Technical Sentiment Signal: Sell
Current Market Cap: $30.28B
See more data about FNV stock on TipRanks’ Stock Analysis page.