Franco Nevada
| Franco-Nevada Corporation | |
|---|---|
| legal form | Corporation |
| ISIN | CA3518581051 |
| founding | 2007 |
| Seat | Toronto, Ontario , Canada |
| management | Paul Brink (Managing Director) |
| sales | 844 million US dollars ( 2019 ) |
| Branch | Mining and oil production |
| Website | www.franco-nevada.com |
Franco-Nevada Corporation is a Canadian mining company based in Toronto , Ontario . This company invests in mining projects and mining of metals, especially gold, as well as oil and natural gas. Franco-Nevada does not operate any mines itself. The income is generated thanks to license agreements and shares in the raw materials ( streams ). The aim is that 80% of the income comes from precious metals. The company's shares are listed on the Toronto Stock Exchange and New York Stock Exchange and are part of the TSX60 stock index.
history
Franco-Nevada Corp. was formed by splitting off Newmont Mining in 2007. The corresponding IPO was one of the largest in Canada with an amount of 1.1 billion Canadian dollars.
Holdings
There is a comprehensive portfolio of over 300 investments. Mines and energy companies (oil and natural gas) are shown separately. The structure is as follows:
- producing: 109, including 51 mines
- advanced projects: 38, all mines
- Search projects ( exploration ): 229, of which 202 are mines.
The main activity of the small team from Franco-Nevada is the maintenance and further development of this portfolio of investments. Investments in such holdings are often made through prepayment in the form of a repayable loan, with repayment being governed by a supply contract for mined metals ( Net Smelter Returns NSR ).
In 2019, Franco-Nevada (FN) invested USD 436 million in new projects. FN's largest venture is the Cobre Panama Project , which involves investments of 1.356 billion US dollars, will run for 40 years and include payments at both predetermined and variable purchase prices for the metal supplies. The production of this mine started in 2019.
Course of business
Dividends have increased every year since it was founded. The price development of the shares since 2007 has outperformed both the price development of gold and the relevant stock indices of gold mining companies.