Franco Nevada (FNV -4.1%) opens sharply lower after reporting late yesterday that adjusted...

|By:, SA News Editor

Franco Nevada (FNV -4.1%) opens sharply lower after reporting late yesterday that adjusted earnings rose a penny to $0.32/share in Q4 and revenues fell 3.7% Y/Y to $114M; both figures fell short of analyst consensus. Expects to receive 215K-235K gold equivalent oz. from its mineral assets vs. ~230K gold equivalent ounces in 2012.