Record Quarterly Financial Results
Franco-Nevada reported record financial results for Q3 2025, driven by high gold prices, strong operations, and new acquisitions. Total revenue increased by 77% year-over-year to $487.7 million, with adjusted EBITDA up 81% to $427.3 million.
Significant Increase in Gold and Silver Prices
Gold prices increased by 40% and silver prices by 34% year-over-year, significantly contributing to the strong financial performance.
Successful New Acquisitions and Growth Strategy
The company made six acquisitions of new gold interests, including the Arthur Gold project, with contributions expected to drive 50% growth in GEOs over five years.
Debt-Free Status Achieved
Franco-Nevada was debt-free by the end of the quarter, supported by strong cash flow and proceeds from equity sales.
CRA Settlement
Reached a settlement with the Canada Revenue Agency, resolving tax disputes with no payment required on foreign earnings for 2013-2019.