trending Market Intelligence /marketintelligence/en/news-insights/trending/9imimcbia28jxqgaxsw_qw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Franco-Nevada hikes dividend after booking record Q1 earnings, revenue

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Franco-Nevada hikes dividend after booking record Q1 earnings, revenue

Franco-Nevada Corp. increased its quarterly dividend for the 11th consecutive year after the company posted record earnings and revenue in the first quarter.

The company's net income in the period rose 41.7% year over year to US$64.6 million, or 35 cents per share, from US$45.6 million, or 25 cents per share, according to a May 9 release.

Adjusted EBITDA, likewise, jumped to US$139.9 million from US$128.5 million booked a year ago.

Franco-Nevada generated US$173.1 million in revenues from the sale of 115,671 gold equivalent ounces during the quarter. This compares to revenue of US$172.7 million reported in the prior-year period from the sale of 131,578 gold equivalent ounces.

The company's board declared a dividend of 24 cents per share, representing a 4.3% increase on a quarterly basis. It will be payable on June 28 to shareholders on record as of June 14.

At the end of the quarter, Franco-Nevada had US$87.7 million in cash and cash equivalents and no debt.

In addition, the company said that senior vice president Paul Brink was promoted to president and COO, while Graham Farquharson retired from its board.

Commenting on the results, CEO David Harquail said the company expects further growth over the next year, driven by higher production from the Tasiast, Subika, and Candelaria projects, where it owns royalties and streams, as well as from its oil and gas assets.