FNV: Franco-Nevada Corporation Instablogs

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Wednesday, May 8, 8:10 AM Franco-Nevada (FNV): Q1 EPS of $0.28 in-line. Revenue of $108.8M beats by $6.5M. (PR) Comment! [Earnings, Breaking News]
Monday, April 15, 7:00 PM The list of 52-week lows reached today is littered with miners and resource names: ABX, ACI, AG, AKS, ANV, AU, AUQ, AUY, CDE, CLF, CVE, EGO, EXK, EXXI, FCX, FNV, FST, GFI, GG, GOLD, HL, HMY, IAG, IPI, KGC, MHR, MT, MTL, NEM, NFX, NG, NGD, NOG, PAAS, PWE, RGLD, RIC, SA, SAND, SGY, SSRI, SVM, TCK, TGB, TRQ, WLT, WTI, X. 5 Comments [Commodities, Energy]
Monday, March 25, 4:33 PM The doomsday scenario of gold dropping to $1k per ounce could make half the gold mining industry worthless, says BAML - not expecting such, but wanting to highlight the vulnerability of high-cost producers like Sibanye (SBGL) as well the attractiveness of less-sensitive Goldcorp (GG), Franco-Nevada (FNV), Royal Gold (RGLD), and Silver Wheaton (SLW). The GDX -1.3% on the session. 15 Comments [Commodities]
Wednesday, March 20, 9:43 AM 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. Comment! [Commodities, Earnings, On the Move]
Thursday, February 7, 10:20 AM As mining companies suffer through rough market conditions, royalty and streaming counterparts such as Silver Wheaton (SLW) are taking advantage. With the $1.9B acquisition of gold streams from Vale, TD Securities thinks SLW "has potentially cracked the previously dormant streaming market with the global mining majors... open[ing] up a potentially significant source of deal flow for the company." 8 Comments [Commodities]
Tuesday, January 22, 9:44 AM Franco-Nevada (FNV) is committing $1B to Inmet (IEMMF.PK) for development of the Cobre Panama project, so it has a unique interest in First Quantum’s (FQVLF.PK) $5.1B hostile bid for Inmet. FNV CEO David Harquail says he is impressed with Inmet’s handling of the project so far, and harbors doubts about First Quantum’s proposal to build the mine for significantly less money. Comment! [Commodities, M&A]
Tuesday, November 6, 2012, 5:44 PM Franco-Nevada (FNV): Q3 EPS of $0.31 beats by $0.01. Revenue of $105.2M (-7% Y/Y) misses by $1.8M. (PR) Comment! [Earnings]
Tuesday, November 6, 2012, 5:43 PM Franco Nevada (FNV) agrees to acquire a ~11.7% net royalty interest in the Weyburn Oil Unit with Penn West Petroleum (PWE) for C$400M in cash. Current production levels are ~26K bbl/day of medium grade slightly sour crude. FNV expects the acquisition to be immediately accretive to revenue, cash flow and earnings. Comment! [Commodities, M&A]
Monday, September 10, 2012, 12:48 PM Despite raising forecasts for gold and silver as talk of another possible round of QE escalates, UBS cuts its rating on several precious metals miners citing a significant run-up in equity prices over recent weeks. The firm lowers Franco-Nevada (FNV -4.3%), Royal Gold (RGLD -1.8%) and Hecla Mining (HL -1.2%) to Neutral from Buy: I, II, III. Comment! [Commodities, Quick Ideas, On the Move]
Tuesday, August 21, 2012, 11:42 AM Franco-Nevada (FNV -1.2%) is downgraded to Sector Perform by RBC Capital after its gold-silver streaming agreement on Inmet's Cobre Panama project. The firm says Cobre Panama has a neutral near-term impact on valuation, and FNV takes on an elevated level of risk associated with providing the financing for a three-year development project. Comment! [Commodities, Quick Ideas]
Monday, August 20, 2012, 8:19 AM Franco-Nevada (FNV) will provide $1B to Inmet Mining (IEMMF.PK) for the development of its $6.2B Cobre Panama copper-gold project in Panama. FNV will get ~86% of precious metals output attributable to Inmet's 80% ownership of production from the mine under the deal. 1 Comment [Commodities]
Tuesday, November 22, 2011, 4:36 PM Gold royalty play Franco-Nevada (FNV +6%) rose today after reporting (.pdf) Q3 revenue of $113.3M (+106% Y/Y) and EPS of $0.35, and maintaining its guidance for 2011 revenue of $375M-$400M. However, shares have fallen 2.4% AH on account of the company announcing it's selling 8M shares to BMO Capital for proceeds of C$340M. Comment! [Commodities, On the Move]

FNV Franco-Nevada Corporation

FNV

Franco-Nevada Corporation