Record-Breaking Financial Results
Franco-Nevada reported record quarterly revenue of $368.4 million, a 43% increase from the previous year, and achieved record adjusted EBITDA of $321.9 million, up 49% year-over-year.
Strong Precious Metals Performance
Gold and silver prices increased significantly, with average gold prices up 38% and average silver prices up 37% year-over-year. The company also saw an 8% increase in precious metal GEOs sold.
Successful Acquisitions and Investments
The company closed a $500 million acquisition of a stream on Sibanye-Stillwater's Western Limb Mining Operations and a $300 million acquisition of a 4.25% NSR royalty on the Porcupine Complex.
Debt-Free Status and Strong Capital Position
Franco-Nevada ended the quarter debt-free with $2.1 billion in available capital, positioning the company well for future growth opportunities.