Freehold Royalties Ltd. (TSE:FRU) has released an update.
Freehold Royalties Ltd. revealed a robust 2023 performance, with $315 million in revenue and a 4% increase in production volumes, marking a prolific year with record dividends paid at $163 million and significant growth in its U.S. portfolio. The company maintained stable Canadian production, expanded its assets with core Permian basin acquisitions, and achieved a 100% organic reserve replacement, highlighting its strategic North American positioning and financial sustainability.
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