An Overview Of Franco Nevada
Franco Nevada Corporation (NYSE:FNV) is the largest publicly traded gold royalty and (to a lesser extent streaming) company, meaning that it is in the business of acquiring and managing gold royalties. It also owns some oil and PGM royalties.
A royalty entitles the company to a portion of the revenues realized from the gold sales that come from mining on a particular piece of land. There are many ways in which a royalty agreement can be structured. It might, for instance only cover a portion of a mine such as with the company's royalty on Canadian Malartic - a mine in Canada owned jointly by Yamana Gold (NYSE:AUY) and by Agnico...
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